StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Globalization, Economic Sovereignty and Middle Eastern Development: from Principles to Reality: with references to Jordan and Saudi Arabia - Essay Example

Comments (0) Cite this document
Summary
The paper seeks to answer the question of whether models for sustained economic growth and development that have been utilized in explaining the economic growth of Western Europe and the US are applicable to the economic development of the Middle East.  …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Globalization, Economic Sovereignty and Middle Eastern Development: from Principles to Reality: with references to Jordan and Saudi Arabia
Read Text Preview

Extract of sample "Globalization, Economic Sovereignty and Middle Eastern Development: from Principles to Reality: with references to Jordan and Saudi Arabia"

“Globalization, Economic Sovereignty and Middle Eastern Development: from Principles to Reality: with References to Jordan and Saudi Arabia”
Specification of the topic:
The primary focus of this dissertation topic is the question of whether models for sustained economic growth and development that have been utilised in explaining the economic growth of Western Europe and the US as they relate to the increasing trend toward globalisation are applicable to the economic development of the Middle East. Research on this topic will involve an exploration of the notion that economic sustainability of the Middle Eastern region in the 21st century requires full participation in the global financial and industrial markets as well as the potential effects of these economic trends on political and economic sovereignty in this region. These issues will be examined with a specific focus on two representative Middle Eastern nations: Jordan and Saudi Arabia.

Theoretical background/issues and questions
A central argument of this thesis is that a more expansive sociological perspective is required to address current issues of economic growth and sustainability in Middle Eastern nations. To accomplish this, the most important economic theories that support or challenge the importance of globalisation for economic sustainability will be explored, specifically as they relate to the economic development and political sovereignty of the Middle East. This theoretical discussion of economic growth, globalisation and national/political sovereignty constitute the framework for exploring a case study of two Middle Eastern nations in regard to the measurable effects of these economic principles on their current and prospective economic development, Jordan and Saudi Arabia. The basic principles of economic growth will be addressed as they pertain to the unique and diverse aspects of the MENA region in general and with respect to these two Middle Eastern countries in regard to economic interests and political realities. The requirements for economic sustainability in an increasingly globalised economic market will also be explored in this context. The methodology to be utilised in this dissertation will involve a data-base assessment of the major economic social and political indices of the Middle Eastern region with a specific focus on two Middle Eastern countries under review (Jordan and Saudi Arabia). These data parameters will be used to assess the degree to which economic developments related to free-trade and globalisation have impacted these important economic parameters. Among the data assessments are the key categories of GDP, external debt and trade, demographics, income, fiscal and monetary indicators. Graphs and statistical assessments of key economic data will be prepared as part of this quantitative assessment.
Data Sources:
The following is a list of some of the most important resources to be used as references in the dissertation:
Clement, M. Henry and Springborg, R. 2001. Globalization and the Politics of Development in the Middle East. Cambridge: Cambridge University Press.
This text provides a detailed and comprehensive exploration of the political realities of the MENA region and globalisation. It details the role of democracy and globalisation as these forces interact in this geopolitical region. This will be a very valuable source of information on the economics and politics of the Middle East.
El-Gamal, M. 2006. Islamic Finance: Law, Economics, and Practice. Cambridge: Cambridge University Press.
This text provides relevant insight into the history of Islam in regard to its ecomomic implications. This important perspective will provide background necessary to explore the effects of globalisation in this region of the world as it relatesto economic and political sovereignty. This is a highly detailed, well-researched reference.
Friedman, Thomas L. 1999. The Lexus and the Olive Tree, Farrar, Straus & Giroux.
This book is written by a respected expert on the Middle East. It is an expose tht defines important challenges to globalisation in the Middle East, including aspects of technology, the role of the investor and the importance of democracy. The viewpoints presented in this text are highly relevant to the issues to be explored in this dissertation.
Held, D. et al. 1999, Global Transformations: Politics, Economics and Culture, Polity, Cambridge.
This text integrates many issues that are critical to the evaluation of globalisation in the context of the Middle east, include social and political organisatrion organisation as embodied by theories of global change that define paterrns of interconnection. This intricate perspective will enrich the theoretical basis for the dissertation research.
Hoogvelt, A. 1997, Globalisation and the Postcolonial World, Macmillan, Basingstoke and London.

This text is a compilation of essays on critical issues involved in globalisation. These include the theoretical foundations of globalist economic theory, cultural components of globalism and issues of territoriality and spatiality. These essays will provide important theoretical considerations that will be applied to the Middle Eastern nnations.
Hopkins, T.K. and I. Wallerstein (eds) 1996, The Age of Transition: Trajectory of the World-System, 1945-2025, London and New York.
The theory of the “world-system” is presented in this book by Wallerstein, which explores this theoretical premise based on the historical roots of globalisation in diverse regions of the world. This perspective will be useful in its theoretical uniqueness and its applications to the issues of globalisation in the Middle eastern region.
Issawi, Charles 1982. An Economic History of the Middle East and North Africa. London: Methuen.
This is a classic text whose theoretical premises are applied specifically to the Middle eastern region. Its importance lies in this regional focus as well as its detailed representation of the historical aspects of Middle Eastern economic and geopolitical development.
Norton, A. 1996, Civil Society in the Middle East, New York: Brill
Academic Publishers.
This text represents a compilation of essays by renowned scolars on Middle Eastern economic and geopolitical issues. It dissects the individual nations and regions of the Middle east in this comprehensive evaluation of Middle eastern economic and social policy. This reference will be very useful for obtaining specific insights into economics and politics of saydi Arabia and Jordan.
Owen, Roger 2000. State, Power and Politics in the Making of the Modern Middle East. London and New York: Routledge.
This reference provides important historical references to important geopolitical and socioeconomic factors critical to the development of the Middle East.
Polanyi, K. 1944, The Great Transformation: The Political and Economic Origins of Our Time, Farrar and Rinehart, New York.
This classic text proposed the social construction of economic relationships as a primary driving force responsible for the establishment of economic ties between nations. This important theoretical paradigm will be evaluate in this dissertation in the context of globalisation and the Middle Eastern region.
Reich, R.B. 1991, The Work of Nations, Simon and Schuster, London.
The geopolitical philosophy of legal scholar Robert reich is set forth in this text. It provides a modern theoretical perspective on many issues relevant to international trade, economic principles and regional issues. It will be a useful perspective as applied to Middle Eastern geopolitcs.
Schumpeter, J.A. 1911. The Theory of Economic Development. Harvard University Press, Cambridge, MA.
Schumpter’s classic text embraces the notion of economic imperialism. His theories will be explored in the context of other social issues that may affect economic development and trade relations, with a specific focus on the Middle East.
Wallerstein, I. 1984, The Politics of the World Economy: The States, the Movements, and the Civilisations, Cambridge University Press, Cambridge.
This classic text explores the “World Systems” theory in the context of the influences of the US, Russia and other world regions in the development of the global economic system.. This broad-based theoretical viewpoint will be extremely important to assess in relation to this dissertation topic.
The following references pertain specifically to Jordan or Saudi Arabia:
Moore, Pete W. 2004. Doing Business in the Middle East: Politics and Economic Crisis in Jordan and Kuwait, Cambridge U. Press.
Piro, Timothy J. 1998.The Political Economy of Market Reform in Jordan, Rowman & Littlefield Publishers.
Shoult, Anthony. 2002. Doing Business with Saudi Arabia, Kogan Page 2002.
Al-Ghadyan, Ahmad A. 1999. Insurance: The Islamic Perspective and its Development in Saudi Arabia, Arab L. Q. 332.
Reiter, Yitzhak. 2002. Higher Education and Sociopolitical Transformation in Jordan, 29 British J. Middle E. Stud. 137.
Glenn E. Robinson. 1988. Defensive Democratization in Jordan, 30 Intl. J. Middle E. Stud. 387.
United States International Trade Commission, Economic Impact on the United States of a U.S-Jordan Free Trade Agreement (U.S. Govt. Printing Off. 2000). Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Globalization, Economic Sovereignty and Middle Eastern Development: Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1552244-literature-review-of-data-relevant-to-8220globalization-economic-sovereignty-and-middle-eastern-development-from-principles-to-reality-with-references-to-jordan-and-saudi-arabia8221or-broader-research-topic-for-your-thesis-you-must-go-broader-th
(Globalization, Economic Sovereignty and Middle Eastern Development: Essay)
https://studentshare.org/macro-microeconomics/1552244-literature-review-of-data-relevant-to-8220globalization-economic-sovereignty-and-middle-eastern-development-from-principles-to-reality-with-references-to-jordan-and-saudi-arabia8221or-broader-research-topic-for-your-thesis-you-must-go-broader-th.
“Globalization, Economic Sovereignty and Middle Eastern Development: Essay”, n.d. https://studentshare.org/macro-microeconomics/1552244-literature-review-of-data-relevant-to-8220globalization-economic-sovereignty-and-middle-eastern-development-from-principles-to-reality-with-references-to-jordan-and-saudi-arabia8221or-broader-research-topic-for-your-thesis-you-must-go-broader-th.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Globalization, Economic Sovereignty and Middle Eastern Development: from Principles to Reality: with references to Jordan and Saudi Arabia

The Development in Saudi Arabia

.... 2010. The Saudi Arabian Economy: Policies, Achievements, and Challenges. Springer. Trading economics. 2012. Saudi Arabia GDP growth rate. Retrieved from http://www.tradingeconomics.com/saudi-arabia/gdp-growth US department of state. 2012. Saudi Arabia. Retrieved from http://www.state.gov/r/pa/ei/bgn/3584.htm Wilson R. 2010. Economic Development in Saudi Arabia. Routledge. Wilson J.P. & Bruins, H.J. 2011. Food security in the Middle East since 1961. Retrieved from essources.ciheam.org/om/pdf/a65/05002195.pdf Workman, D. 2010. Saudi Arabia's Top Imports & Exports 2008. Retrieved from http://daniel-workman.suite101.com/saudi-arabias-top-imports-exports-2008-a155210...
6 Pages (1500 words) Essay

Economic Environment of Saudi Arabia

The Saudi government encourages foreign investors and the private sector to participate in telecom sectors and the generation of power. The Saudi government also tried to diversify its economy and attract foreign investors by signing the 2005 WTO agreement after several years of concession. The high revenue from oil has enabled the Saudi government to have huge budget surplus and Riyadh has been able to assist in infrastructure development, government salaries and education. The score for the economic freedom of Saudi Arabia is 60.6 and this makes it the 82nd freest in the index of 2013. This score is 1.0 points worse compared to last year because of considerable reduction in trade freedom, property rights, corruption freedom and...
5 Pages (1250 words) Assignment

Economic Environment of Saudi Arabia

... has a freedom score of about 60.60% besides creating ample settings where individuals can also have reasonable extent of freedom to participate in trade. Saudi Arabia economic policies have greatly transformed after the oil boom of 1974 (Gonzalez 1583). This prompted the regime to dwell much on the oil reserves as a way of establishing its economic foundation and equal those of other states. The state’s regime is also involved in training some of its youths in ensuring that they gain the appropriate labor expertise that will ensure continued general economic development. This is by initiating effective policies aimed at reducing unemployment among its own nationals as it stimulates development in diverse sectors besides uplifting people’s...
3 Pages (750 words) Assignment

Economic Environment of Saudi Arabia

However, the high share of consumption occurs in the high-income countries (Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises, 23). An estimate of 1 billion residents are accounted for more than 80% of the global consumption. In Saudi Arabia, an estimate of 4.5 percent of the global population benefits, although it accounts for more than 30% of the global consumption. It is worth noting that developing countries, exhibit accelerating growth and excellent market potentials. In sheer sizes, the developing countries home 80% for the entire world’s population. Based on the needs, 5.5 billion of the national citizens usually aspire to live improved lives. However, the consumptions increase drastically in d...
5 Pages (1250 words) Assignment

Development Of Saudi Arabia

...Roads: “With the massive increase in traffic that has ensued from the Kingdoms industrial and agricultural development, it has been necessary to upgrade many of the inter-city roads to expressways, with anything up to eight lanes for traffic.” (Asia Trade Hub). A lot of unforeseen development has been seen in Saudi Arabia, construction of new roads is taking place day in, day out. There is a lot of traffic in Saudi Arabia and this is the only reason why this expansion is taking place. It is good for the country and it is certainly going to make the country much better than ever. Transportation: “Saudi Arabia has several hundred route kilometers of standard gauge railways linking the capital Riyadh with the Persian Gulf. In October 2006...
4 Pages (1000 words) Essay

Development Of Saudi Arabia

... these aspects, the researcher hopes to find solutions for how Saudi Arabia can diversify its economy further. d. Motivation The purpose of the research is to show that Saudi Arabia is taking concrete and well-formulated steps towards developing its society and infrastructure. This is critical because global factors like globalization, problems of the environment, population growth and political turmoil mandate that the government take concrete measures to diversify its national objectives for development of resources to protect its future. References American International School - Riyadh, US Department of State. Accessed on 3 December 2009 from: http://www.state.gov/m/a/os/1517.htm Author not available. "Country Profile: Saudi Arabia...
4 Pages (1000 words) Essay

Development Of Saudi Arabia

... of Arab Youth on Pan-Arab TV Channels. Accessed on 18th December, 2009, from http://www.undp.org.sa/sa/index.php/en/our-work/practice-areas/poverty-reduction “Roads”. Profile of Saudi Arabia. SAMIRAD. Accessed on 18th December, 2009, from http://www.saudinf.com/main/g11.htm Ruttan, W. Vernon. Why Foreign Economic Assistance? Economic Development and Cultural Change, 1989 .Vol.37, No.2, pp.411-24 Rebelo, Easterly (1993), Fiscal Policy and Economic Growth, Journal of Monetary Economics, 32, pp.417- 58 Yoshida, Tsuneaki (2000), Japan’s Experience in Infrastructure Development and Development Cooperation, JIBC Review, No.3 Dec, pp.62-92...
4 Pages (1000 words) Essay

Salinity groundwater in eastern province saudi arabia

...Salinity Groundwater in Eastern Province Saudi Arabia Salinity Groundwater in Eastern Province Saudi Arabia Demographics With an area of about 2.15 million km2, the Kingdom of Saudi Arabia is the largest country in the Arabian Peninsula (Food and Agriculture Organization of the United Nations, 2009). Alkhobar city situates at the eastern province of the Kingdom of Saudi Arabia (Abderrahman, n.y). The Eastern province of Saudi Arabia depicts huge development and population growth subject to the enormous oil production in the region. The country situates in the desert where the arid desert dominates the country’s geographical aspect (Food and Agriculture Organization of the United Nations, 2009). As such, the country suffers...
12 Pages (3000 words) Term Paper

Economic Globalization: Myth or Reality

... Economic Globalization: Myth or Reality? Discuss and Analyze to What Extent Economic Globalization is Likely to be Hindered by the Consequences of the Financial Crisis by the World Leading Economies of 2008? Most concisely, economic globalization can be described as a state in which any action in one part of the globe has a direct reaction on the other parts. It is a state when the transformation of world community takes place and becomes a global village, as Marshal McLuhan said in 1960. Financial crisis, on the other hand, started in 2007 and worsened in 2008. This had a negative effect on the global economy, and hence resulted in, as some people call it, Great Depression (Wynne et al., 2009). This paper will focus on the extent...
12 Pages (3000 words) Article

Economic Analysis on BMW Cars in the US Car Industry

Mini and the 1-series rapidly grew at a much higher rate through 2008. Since the early days of the new millennium, BMW has been one of the first automakers to utilize flexible factories in which more than one vehicle model could be produced at the same time. This enabled the company to meet shifts in market demand more effectively than BMW’s competitors could. BMW challenges to retain its market position in the international market for luxury cars. Many automakers, such as Hyundai with its Genesis sedan or Nissan's Infiniti brand are increasingly successful in realizing higher margins earned on luxury vehicles. BMW is rated behind luxury brands such as Lexus, Porsche, Mercedes, and Infiniti for these reasons

1. Th...
7 Pages (1750 words) Case Study

Multiculturalism: Socio-economic Impacts on Modern States

This paper tends to argue that multicultural policies have promoted social segregation and economic insecurity in modern states. As the most relevant example, it will also evaluate how multicultural policies have evolved to be the most recent threat to the nationality and cohesion of Australia and the United Kingdom.

To begin with, many of the policies enacted on citizenship and immigration have brought about incessant controversy in Australia. In addition, the exceeding emphasis put on the multicultural policy has given rather unfavorable outcomes to both Australia and the UK. Policies that are intended to ensure equal representation and opportunities often create frustration and disappointment among certain interest g...
6 Pages (1500 words) Case Study

What Makes Role Play Essential in Kid's Development

Grown-ups habitually recognize, directly after meeting someone, what form of communication is about to take place, and what the limitations restricting the communication will be (Sutton-Smith & Ariel, 2002). Because role-play conversation takes place in a fantasy, staged world, it is less hampered by physical and social reality.
Between the ages of 5 and 7, children gain a broad array of social and cognitive abilities (Amsel & Byrnes, 2002). Psychologists have discovered that these are formative years for the growth of mind theories, the growth of the ability to construct and represent stories, the growth of social cognition, the growth of the personality, the growth of advanced fantasy play, and the growth of intersu...
9 Pages (2250 words) Case Study

Globalization and Business Enterprise: Climate Change

Since globalization encompasses political, economical and environmental issues, there has been much debate amongst companies on how resources are to be allocated in order to minimize climate change. Climate change is being dealt with on a global scale. The “Green investing is on the rise”, where investors are buying stocks that are environmentally friendly. New Zealand, like other countries, is supporting the cause for environmental protection by legislative measures in trade, bills regarding carbon emissions and by being part of agreements with the UN and the Kyoto Treaty.

Climate change and globalization are intricately linked. With the passage of time, many environmental issues, like global warming, have...
6 Pages (1500 words) Coursework

The Social, Cultural and Political Consequences of Globalization in KSA


Globalization is considered to be the interconnectedness developed by the increased flow of capital, goods, images, people and their ideologies among various nations. It is the result of the free-market policy of the world economy. It is characterized by the introduction of new technologies and considers humanity to be one social community where social and cultural differences do not exist. Philip Cerny has defined the term as a set of economic and political structures which is the outcome of change in characteristics of goods and assets constituting the economy.

Cultural and social globalization denotes the extensive movement of goods, technologies, ideas, images and people around the entire world which has been...
6 Pages (1500 words) Coursework

Human Development Index and Gross Domestic Product

The most recognized growth indicators of a nation have been GDP. Since HDI is a composite statistic gathered from data on life expectancy, education and GDP per capita, which are measured in three separate units, it faces serious criticisms. This project is meant to highlight the criticisms faced by HDI being used as an indicator of economic development against GDP, which has been so far the most widely used indicator of economic development. But it also takes the other aspects like, life expectancy at birth, literacy rates and living standards which are not considered by the growth index.

“Human Development Index is a summary measure of human development. It measures the average achievements in a country in three...
7 Pages (1750 words) Coursework

Globalisation, Development, and Trade

For few decades, there have been huge advancements in almost every field and part of the globe, and in midst of these developments, one buzzword has now become the component of almost every discussion and debate, ‘Globalisation.’ 

Although it is not a new term, and it has gone through different phases, however, experts (McGrew, pp. 23-29, 2007) have indicated that finish of the cold war resulted in significant importance of the globalization that now stands as a symbol of the process of liberation that different economies went through during a long period. In this regard, the term globalization cannot remain in isolation, and thus, it brings with it the whole progression of development and subsequently,...
6 Pages (1500 words) Article

The Relationship Between Financial Perfprmance and Corporate Social Resposibility on Saudi Electricity Company

The pragmatic parallel mixed methods design was adopted for the study using the questionnaire, structured interview guide and content analysis were the primary instruments utilized in the collection of data. A total of 500 respondents participated in the study. These respondents represented the five sectors considered in the study, namely: the community residents, SEC employees, SEC managers, personnel from other establishments (i.e., the marketplace) and the government.  A combination of sampling techniques was used in this study: stratified random sampling, for the community respondents and SEC employees; simple random sampling, for the respondents of other companies; and purposive sampling for SEC managers and a representa...
88 Pages (22000 words) Case Study

Economic and Social Impact of Globalization

Global corporations are heightening their awareness of the nature of their business relationships with diverse governments considered of primary importance to manage factors influencing their performance. From among the elements that global organizations closely and continuously evaluate, the social and economic impacts are considered of significant importance. As the components and diverse perspectives of globalization affect both the host organizations and those nations they do business with, this research aims to proffer significant social and economic issues that impact global strategies.

The concept of globalization encompasses theories beyond the traditional view that global corporations merely do business abroad....
7 Pages (1750 words) Coursework

Application of Educational Development Theories

The advances in related fields and the increasing support from research have prompted educators to be reflective and evaluative about pedagogy and curriculum in an effort to ensure that the best learning environment is provided. In short, teachers now have comprehensive tools to guarantee that no child is left behind.

Any child that sets foot into the classroom carries with him/her a myriad of experiences and backgrounds; thus, making it essential to perceive the child in relation to the systems and dynamics that surround him/her. “All areas of development depend on the context of children’s lives—children’s experiences in families, schools, neighborhoods, community organizations, cultural and et...
7 Pages (1750 words) Case Study
sponsored ads
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.

Let us find you another Essay on topic Globalization, Economic Sovereignty and Middle Eastern Development: from Principles to Reality: with references to Jordan and Saudi Arabia for FREE!

Contact Us