We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Describe and compare the economies of the UAE and Australia - Essay Example

Comments (0)
Summary
BACKGROUND Dynamics of the last decade, with economic turmoil to be stated as the leading, had most prominent impact on economies of the entire world. The wave led the unexpected picture of world economies. Developed countries such as US and European countries felt the strongest shocks much more than that could have been predicted and economies ran on the ventilating situation with bail out plans to ensure their survival and growth within these regions fell below 2% (Das, 2012)…
Download full paper
GRAB THE BEST PAPER
Describe and compare the economies of the UAE and Australia
Read TextPreview

Extract of sample
Describe and compare the economies of the UAE and Australia

Download file to see previous pages... During these crises, still there had been economies that featured sustainability and growth. Growth of BRIC countries is no exception. Among the growing economies, Australia also featured sustainability and growth with the support from its rich mineral resource base mainly and sound economic policies while UAE has sustained against the devastating impact of Arab up spring. Based on these facts of sustenance, the purpose of this report is to examine two countries on the economic front exploring similarities and differences in their economic mechanism. Two countries selected for the purpose, includes Australia and UAE as these two countries have made sound efforts in retaining the performance of the economies. INTRODUCTION TO ECONOMIES AND CRITICAL BACK GROUND Australia, country comprising entire continent and 48 states, has in the recent past transformed itself as among the internationally competitively advanced market economies. Country is rich with natural resources and hence, attracts huge foreign investment such as US$40 billion Gorgon Liquid Natural Gas project being among the huge investments in the country (CIA, 2012a). As quoted by The Australian Mines and Metals Association projects estimate of $427 billion of resources in pipeline and stated projects include $146 billion project related to liquefied natural gas only (Das, 2012). The country has managed to escape the global financial crises with boomed commodity demand that increased Aussie export by 42% since 2004 only; exports mainly to China (23% of Australian direct export to China) and diversion of investment in commodity due to lost confidence in financial instruments. All these external factors supported by government policies mainly by managing its debt position; reducing annual interest rate from 7.25% to 3.0% managed to minimize the impact of global financial crises. Despite Australian economy has managed to escape the global financial crises; however, the basis that provided country ground to take off flight from financial turmoil are dampening. For increased investment in the commodity by China was resultant of its capacity and need to the balance the risk it (China) had from its investment of US. 3.2 trillion in US dollars, euro- and yen financial securities (Das, 2012). Hence decline in the capacity of China, European banks diverting their investment to domestic market to boost local economy and external funded investment in resource taking sizable portion of the return from to investor leaving less for the country. Moreover, increased debt rollover capacity has also increased the concern for the country and it probability to take off flight, similarly as it did in times global financial crises, are not similarly high. Currently, GDP of the country for the third quarter of 2012 has been 3.10% (as compare to similar period of Y-o-Y basis); overall near to average that country has been maintaining (Trading Economics, 2012a). (International Monetary Fund, 2012) ECONOMIC VARIABLES FOREIGN DIRECT INVESTMENT (FDI) Australia has managed position among the top ranking countries in fetching ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Toyota Australia to UAE
The external environmental analysis of the United Arab Emirates is done with respect to the political, economic and demographic aspect. The brand Toyota, Australia wants to export their product in UAE and a thorough analysis of the scenario needs to be done before the decision making procedures.
6 Pages(1500 words)Essay
Compare and Contrast the Recent Economic Development of the Economies of China and India, Which Country Has the Best Prospects
In the recent times, there are two main successes that stand out, China and India. These two nations are, through their sheer size, economic giants and as they are growing in the recent years, it is quite obvious that their continuous transformation will have significant effects, not just on them, but the entire global community.
8 Pages(2000 words)Essay
Describe and Compare the Role of Local and State Government in Urban and Regional Planning in Western Australia
Contextually, the various plans which are generally performed by any local planning authority are mainly designed with the intention of making developments in the respective fields. A successful design as well as the implementation of a plan normally relies upon the capability to control and encourage developments.
9 Pages(2250 words)Essay
Compare the Economies
On the surface, this means that many people from these two countries are not capable of meeting their own and family's basic needs (i.e., food, clothing, shelter) on a daily basis. It follows that these people may not be earning sufficient income to support themselves or they may not be earning any income at all.
3 Pages(750 words)Essay
Describe the main phases of the business cycle and discuss recent economic growth patterns in Australia
The reference chronology for business as well as growth rate cycles is determined on the basis of the consensus of key coincident indicators of the
4 Pages(1000 words)Essay
Australia
This has been attributed to various factors that include a democratic government that steers forward the development, tourism industry that is one of the key foreign exchange earner and other cultural attributes that include religion, diverse languages and
1 Pages(250 words)Essay
Australia
English is the predominant language in Australia, and the country practices Westminster governance system. When it comes to religion, Christianity is more dominant in the country. There is a variety of sports that have grown popularity in Australia; these are rugby and
1 Pages(250 words)Essay
Describe and compare
Europe in 1500 was characterized by rural life with agriculture as the main economic activity. Men and women used horses and oxen to toil their farms. Houses were made of thatches and wood. The
2 Pages(500 words)Essay
Australia
Just like the United States, the White skinned inhabitants of Australia who are the posted people for who an Australian is are not the original settlers in the land. While the Americans had to deal with the Native Americans
5 Pages(1250 words)Essay
Describe and compare the economies of the UAE and France
The French government has privatized most of the industries, except those related to defence, public transport and power. The total population of the country is 66,259,012 and 88% of them are Roman
8 Pages(2000 words)Essay
Let us find you another Essay on topic Describe and compare the economies of the UAE and Australia for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us