For the last thirty years, the Middle East has witnessed both the decline and the increase in the economic growth. The major economic growth in the Middle East was experienced between the years of 1965-1985…
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The dramatic increase of oil prices can be related to the Arab-Israeli war that occurred in the year 1973 and the Iranian revolution which occurred in 1979. The oil producing states in the Middle East have directly benefited from the high export earnings brought by oil earnings. Further, there has been a decrease in the employment opportunities due to the blooming economies of these oil producing states (Askari 9).
Non oil producing countries in the Middle East have also benefited even though they do not produce oil. Their citizens have crossed borders to seek for employment opportunities as well as suitable markets for doing business. Further, several citizens in the non oil producing countries have migrated in order to earn money as teachers, construction workers and engineers in the oil fields. The earnings from the employment opportunities for these citizens have very important for the growth of countries like Egypt, Jordan, Yemen and Palestine. During the period of economic development in the oil producing countries in this region, non oil producing countries also gained from the high levels of foreign aid they were able to get from the oil producing countries (Askari 9).
The increased oil revenues in the Middle East brought about several developments, especially in the social scene. The country’s infant mortality as well as life expectancy was improved. The infant mortality rates were halved while life expectancy in the Middle East region rose to over ten years. On the education sector, more citizens were able to enroll for school. Adult education levels were also on the rise (Rodney 45). Further, another benefit for increased oil revenues led to the decreased gap between the poor and the rich. This show that while the revenues from oil were increasing, some countries developed faster than the others in their national wealth. The major oil producing countries especially those with low population in the gulf were able to substantially improve the lives of their citizens. The income level per person in these countries would in some cases, surpass those of the European countries. On the contrary, countries such as Jordan and Yemen have remained to be the poorest in the region as well as in the world (Rodney 45). The economic growth, however, came to a decline in 1986. This period witnessed the decrease of oil prices from $28 per barrel to $10 per barrel. This huge drop in the price of oil was as a result of the overproduction of oil in these states. Consequently, the huge economic gains that had been made started to decrease. This decline in the economy led to the loss of employment opportunities as well as numerous job losses. Further, the non oil producing countries were not able to get foreign aid they had previously enjoyed from the oil producing countries (Rodney 45). Economic future The Middle East is currently being challenged by various factors in their economies. The most evident factor is the rapid population growth. The average population growth in the Middle East currently stands at 3% per year. This means that the population in a given state will double in every 20 years. The increased rate of population growth in this region is one of the highest in the world. The sub Saharan region in Africa still leads in the population growth rate in the world (Askari 10). Large population growth leads to various challenges in the economy and the available resources.
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Economic Development in South East Asia Student’s Names Institution’s Name Abstract The economic outlay of South East Asia reveals diverse yet unifying similarities regarding policy issues, socio-political background, and development strategy. A sound grasp of globalization demands itemized analysis of the region in question in view of its socio-economic and political identity, from the relevant past to the foreseeable future.
However, as stated by Mottiar (2002), most democracies are viewed as consolidated democracies in terms of their democracy being internalized attitudinally, constitutionally and behaviourally. In terms of viewing democracies behaviourally, the consolidation of democracy takes effect when there is no existence of social, political, national or institutional structures that exploit resources for purposes of realizing their objectives and establishing a regime considered non-democratic.
The ability of institutions in a country to develop into advanced and democratic centres has been is influenced by a number of factors, chief among them being the cultural situation of the country. Countries like German, the United Kingdom, the United States and France have independent and democratic institutions thanks to their cultural maturity (Acemoglu, Johnson & Robinson, 2001).
While countries like Japan and china started growing at a rapid speed, some countries took their own time in improving. Modern economy started prevailing in almost all these countries. China and Japan opted only at a later stage. ASEAN members including Malaysia and Indonesia preferred the modern economy and worked towards it from 1970's.(Kirby 1967).
Not to any further extent (Immigrants To Middle East, Online).
The most well known situation 1900 migration out of the sub continent is the functioning and middle class migration to the Middle East. Additionally we have the migration of Sri Lankan Tamils under circumstances of ethnic conflict at home to Europe and Canada.
With this in mind, this paper will discuss the changes economic development has brought to the position of women in two Southeast Asian countries, namely, Vietnam and Cambodia.
"Vietnam is one of the fastest-growing economies in Asia, recording an average annual growth in gross domestic-product (GDP) of about 7.5% over the last decade." (ADB, 2007) Accounting for over 51% of the population and labor force, Vietnamese women have been "asserting their role and position in the national development" (VietNamNet, 2007) by participating in all economic, social, cultural and political activities in the country.
The author states that while some countries have been able to embrace democracy others, have remained authoritarian regimes. To be able to understand the contemporary politics of South East Asia, he analyzes the region in the context of colonialism, the nationalist movements that developed as a result of the colonialism.
taught the rest of the world a lesson about how the indigenous resources and the opportunities across the world can be utilized for a country’s growth. East Asia achieved progress by getting the basics right (A World Bank Policy research report, p.5). Many American and
There are five key concepts of democracy (Linz, & Stepan, 1997). These include:
Democracy embraces the recognition of the fact that people are worth and ought to be dignified equally. As a matter of fact, democracy dictates that every person’s
East Asia refers to the region found on the eastern parts of Asia and has major players such as China and Japan, but also includes South Korea, North Korea, Mongolia, Hong Kong as well as Taiwan amongst others (Pempell, 2005). It is one of the regions of the world that has the largest populations as well as the fastest growing economies.
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