The French economy is a member of multiple global organizations like, the European Union, United Nations Security Council, NATO, G8, G20 and European Union. The economic integration of the country with Europe has…
Download file to see previous pages...
The tourism sector of the country is very well-developed. The country enjoys the third largest income from this sector (CIA, 2014).
The economy of the United Arab Emirates (U.A.E.) is also a global member of multiple organizations like, OPEC, United Nations and Gulf Cooperation Council. The population of the country is 5,628,805 and 76% of the population is Muslim. The economic growth of the U.A.E. could be mainly attributed to its oil sector. However, recently, the government is trying to promote industries other than oil and involvement of private sector in the economy has increased. The financial crisis of 2008 had affected economic growth of the country in recent times (CIA, 2014).
The purpose of this paper is to compare these two countries on terms of key economic indicators like, GDP growth rate, GDP per capita, level of unemployment, level of investment and balance of payment position, besides analyzing causes of difference in the level of their performance.
In order to compare the level of growth of two countries, GDP growth has been used. Rate of GDP growth is widely employed as an indicator to measure the level of economic growth in a country. GDP can be considered as a summary measure of overall performance of an economy and can facilitate international comparison. The following table tabulates the GDP growth rate of France.
The above graph plots the GDP growth rate of France. It can be seen that the country has been adversely affected by the financial crisis, thereby experiencing negative growth rate in 2008 and 2009. The economy has begun to recover since 2010. However, there is still volatility in the GDP growth.
It is seen that the level of GDP growth in the U.A.E. has been adversely impacted by the financial crisis in 2008. A negative growth rate in the GDP is noticed in 2009. From comparing the values in above two figures, absolute level of GDP in France is found to be higher than that of the U.A.E.; but in terms of GDP growth rate,
...Download file to see next pagesRead More
For instance, worldwide treasuries issued new public debt totaling $6.5 trillion since 2008 to manage the condition the payments while these are apart from the fiscal bailout packages (Index Mundi, 2012). Within similar era, followed by Arab up-spring and Greek debt crises, the situation worsened for the economies to stimuli growth and sustain when problem compounded with issues of unemployment, budget deficits, shattered economies’ resilience to get back on growth track etc.
As an adventurer, I have a preference in learning medieval history. Therefore, visiting France remains one of the experiences that I have to accomplish in the course of life. I took the chance to carry out research about the country I intended to visit. To accomplish this, I peered into the CIA’s World Factbook, which offers information about all countries in the world.
However, this research point out towards the outline of an up-and-coming new generation of French managers who are in reality influenced by American business culture, but who also consider European and French. Private sector managers visualize a socio-economic model with a specific French national culture touch when it comes to classify well and good civilization, that is somewhat similar to the ideal socio-economic form hold by the previous generation of French managers in corporate businesses.
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.
Thesis statement: A reflective analysis of the religion, family structure, and traditions of religion and family etc of France can be most useful in comprehending the culture and communication styles of this specific country in detail.
France is a country with religious freedom and thought, including agnosticism and atheism, and Roman Catholicism is the religion of a majority of French people.
In his book, Almonds theorized that in order to study any political system, “one needs to know its underlying propensities as well as its actual performance over a given period of time. He refers to these propensities, or this psychological dimension of the political system, as the "political culture".”
France stretches from the North Sea to the Mediterranean Sea. The landscape of France is diverse and includes mountains in the south and east with the highest peak of Europe, the Alpine peak of Mont Blanc. In the
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Describe and compare the economies of the UAE and France for FREE!