Nobody downloaded yet

The Relationship between the investment in Petrochemical Industries and Economic Development - Research Proposal Example

Comments (0) Cite this document
Summary
The findings from the study will enable the researcher to propose a plan for tapping the petrochemical reserves in the country to achieve balanced…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
The Relationship between the investment in Petrochemical Industries and Economic Development
Read TextPreview

Extract of sample
"The Relationship between the investment in Petrochemical Industries and Economic Development"

Download file to see previous pages Changing the production means refers to the correction of faults in the structure of the economy or elimination that problem (Omar Mohyee Adeen, 1976).
One of the major factors that affect the changes in the national economy is that of investment decisions (Krosinsky, and Robins, 2008). Often the discovery of an abundant natural resource in one country leads to tremendous investment in the resource and decline in the manufacturing sector. This scenario which is called the Dutch disease is a common effect in developing as well as developed countries.
It is necessary that the development of an industry following the discovery of a natural resource is accompanied with a balanced development of manufacturing and the small industries. This will lead to generation of employment and diversification of the source’s income.
With the availability of abundant raw materials, natural gas and cheap workforce the petrochemical industry is the best industry that shall be developed to grow the economy (Rooney, 2005; Sari, 2009). With this framework, it will be interesting to analyze if there is any relationship between the investments in petrochemical industry and economic growth. Besides this, the author will try to find out the possibility of a Dutch Disease taking place in the Libyan economy. The author will also try to find out the possible ways to prevent it and achieve a balanced growth of economy.
The aim of this research is to understand and explore the potential impact of the discovery of petrochemical industry resources in Libya. The author aims to achieve the following objectives through the research:
The effect of the development of petrochemical industry on other industrial sector’s size and profitability. In particular, the author aims to find out the affect on smaller and manufacturing industries.
Often, the discovery of a natural resource in abundance leads to high economic ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Relationship between the investment in Petrochemical Industries Research Proposal”, n.d.)
The Relationship between the investment in Petrochemical Industries Research Proposal. Retrieved from https://studentshare.org/miscellaneous/1557578-the-relationship-between-the-investment-in-petrochemical-industries-and-economic-development
(The Relationship Between the Investment in Petrochemical Industries Research Proposal)
The Relationship Between the Investment in Petrochemical Industries Research Proposal. https://studentshare.org/miscellaneous/1557578-the-relationship-between-the-investment-in-petrochemical-industries-and-economic-development.
“The Relationship Between the Investment in Petrochemical Industries Research Proposal”, n.d. https://studentshare.org/miscellaneous/1557578-the-relationship-between-the-investment-in-petrochemical-industries-and-economic-development.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Relationship between Entrepreneurship, Innovation and Economic Development
...and evolves with changing times to maintain its leverage against industrial rivals. Facebook, twitter, Apple, Microsoft etc. are important companies that were able to exploit new ideas and turned them into roaring businesses. Through the evolving process of entrepreneurial creativeness, the companies, that fundamentally adopt a culture of entrepreneurship and innovation, are better able to cope with increasing competition in the market and impact economic growth. The major theories that support the relationship between creative entrepreneurship and development Schumpeter (1934) has been one of the most influential social scientist to propose that...
6 Pages(1500 words)Essay
Relationship between Entrepreneurship, Innovation and Economic Development
...will submit an individual essay to address the following ‘Discuss the relationship between entrepreneurship, innovation and economicdevelopment. What role do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion.’ INTRODUCTION The achievement of economic development is important in all spheres of human life. From individual level to organizational level to the national level, everyone seeks some level of economic development. Once economic development comes about, it is expected that the general...
6 Pages(1500 words)Essay
Discuss the relationship between entrepreneurship, innovation and economic development
...change in order to become better decision makers, managers, policy analysts, and researchers. Relationship between Entrepreneurship, Innovation and Economic Development As Braunerhjelm points out, economists have undoubtedly made considerable advances during the last decades in understanding the relationship between entrepreneurship, innovation, and growth, and have brought in more profound insights on how entrepreneurship, innovation, and growth are interrelated. According to him, the relationship between entrepreneurship, innovation, and economic development can be...
6 Pages(1500 words)Essay
The Relationship between Entrepreneuship, Innocation and Economic Development
...? The Relationship Between Entrepreneurship, Innovation and Economic Development Introduction Recent years have witnessed tremendous changes in the world economic structure. While China has experienced staggering growth patterns, beginning in 2008 both the United States and Europe have become entrenched in considerable recession. Even as the United States has managed to find a modicum of stability, Europe is experiencing a sovereign debt crisis, with countries such as Greece and Italy falling into severe economic hardship. Within these contexts of understanding, the nature of economic development has come...
6 Pages(1500 words)Essay
The Relationship between Entrepreneurship, Innovation and Economic Development
...idea. Henry Ford had gained success in the automobile industry because of creative products. Similarly, Bill Gates has flourished in the computer industry because of his entrepreneurial initiatives. Steve Jobs invented personal computer which was a revolution in the electronic industry and certainly gained high reputation and benefits. These are only some of the many famous entrepreneurs who have invented products and gained benefits from them. In turn, their products unanimously developed the United States economically (Holcombe, 1998). The Global Entrepreneurship Monitor (GEM) is one of the most significant research programs, which examines the...
6 Pages(1500 words)Essay
Relationship between Entrepreneurship, Innovation and Economic Development
... of the of the Concerned Finance and Accounting 24 November Relationship between Entrepreneurship, Innovation and Economic Development Introduction If one takes into consideration the economic developments wrenched in the last three decades, one notices a significant breakthrough as to studying the relationship between knowledge and economic growth on one hand and between innovation and economic growth on the other hand. Such an analytical approach has furnished ample insight into the interrelationship existing between knowledge, innovation and entrepreneurship. However, it goes without saying that there is a lacuna as to the understanding of the comprehensive relationship between entrepreneurship, innovation and economic growth... and...
6 Pages(1500 words)Essay
The Relationship Between Institutions and Economic Development
...? What is the relationship between s and economic development? Exploring the causal relation between and economic growth is a very challenging task. The study of economic theories of growth shows that economic progress is a complex phenomenon. Neoclassical growth theory limits to identify the prerequisites of economic performance, such as capital accumulation and technical progress. To explain why people save, invest, learn and seek knowledge, different institutional systems and values ??that success or failures are based on must be paid special attention. The...
8 Pages(2000 words)Essay
The relationship between stock markets and economic development
...THE RELATIONSHIP BETWEEN STOCK MARKETS AND ECONOMIC DEVELOPMENT By ------------------------------------------------------------------------------------------- THE RELATIONSHIP BETWEEN STOCK MARKETS AND ECONOMIC DEVELOPMENT Introduction ­ Stock markets and economic growth have been known to have a special mutually complementary relationship. As has been evidenced in many developing countries during past few decades, the growth of stock market has been propelled by economic liberalisation which has in turn contributed to...
10 Pages(2500 words)Essay
The Petrochemical Industries in Qatar
...of nonassociated natural gas reserves and also focuses on expanding private and foreign investment in sectors which are non energy related. Oil and gas account for half of the GDP and more than three quarters of the export earnings. The two products have made the country to be the second highest per capita income country in the world. It has 26 trillion cubic metres of natural gas reserves. Oil and natural gas exports are the main source of income generation. Its firm policy in the field of economy is to expand the sources of income and try to make the economic growth stable by making use of its natural resources and developing gas field and petrol chemical industries....
5 Pages(1250 words)Research Paper
Relationship between natural environment, social development, and economic progress
...Relationship between Natural Environment, Social Development, and Economic Progress PART Over theyears, various studies have shown that there is significant and nearly inseparable relationship between natural environment, social development, and economic progress. Despite the evident relationship across the world, there is evidence of notable inequalities among different societies across the world. The existence of direct relationship between the aforementioned aspects and presence of inequalities has made scholars particularly the historians to find the...
4 Pages(1000 words)Essay
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 Research Proposal on topic The Relationship between the investment in Petrochemical Industries and Economic Development for FREE!
Contact Us