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Mathematics IB Internal Assessment - Research Paper Example

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Sur Lecturer Date What are the cost difference in shipping and product across the world compared to Bahrain? Introduction Bahrain is a small island country located near the shores of western Persian Gulf. The country is an archipelago of several islands…
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Mathematics IB Internal Assessment
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Download file to see previous pages The shipping services and product business takes place along the Qatar Bahrain Causeway which links Bahrain and Qatar. This is the longest marine causeway in the world. The country, Bahrain has a very basic economy. Only 1 percent of Bahrain is arable, hence, the country cannot produce sufficient food to sustain its ever increasing population. Therefore, the entire population majorly relies on imports. The major employers in this country are commerce, industry, and services. These fields take up 79 percent of workers, while 20 percent has been absorbed by the government. Farmers make up the remaining 1 percent of the population. The country has distinctive cost difference in shipping and products across the world due to its island nature and the existence of the Qatar Bahrain Causeway. However, it is important to note that most of these jobs are held by foreigners who make up 60 percent. This has made employment a continuous problem. The economy of Bahrain is largely based on the production and processing of petroleum which makes up 60 percent of the exports. 30 percent of the gross domestic product (GDP) also comes from the same. The well established and developed transport and communication is accountable for efficient shipping services and it being the center for finance and banking. Several multinational firms doing business in the area of Persian Gulf have their headquarters in Bahrain. The cost difference in shipping and products in Bahrain results from its fruitful commercial activities. Some of the country’s products shipped to other countries include vegetables and fruits, dairy products, poultry, fish, and shrimp which are sold along with handicrafts produced locally. On the other hand, Bahrain depends on tourism making up 9 percent of its gross domestic product and a great deal of international banking. The industries engaged in shipping services and products in Bahrain include the major industry, petroleum production, processing, and refining, offshore banking, aluminum smelting, tourism, and ship repairing. In addition, the products shipped to other countries include cement blocks, soft drinks, plastics, paper products, and asphalt. Although shipping and products across the world are somehow convenient to the major industries, shipping in Bahrain is efficient because of its location and availability of Qatar Bahrain Causeway which connects the island to the offshore main land such as Iran, Iraq among other countries. Some countries like China have made huge profits on their exports to other countries such as the United States. However, the imports and exports of Bahrain are approximately equal in value. Petroleum accounts for about 60 percent of the exports while aluminum makes around 7 percent. These exports are majorly shipped to Japan, South Korea, India, Saudi Arabia, and the United Arab Emirates. 40 percent of the country export is composed of crude oil processed within the country. However, Bahrain as well has imports shipped into the country. The major imports of the country include transportation equipment, machinery, and food from Saudi Arabia, Japan, the United States, Germany, and the United Kingdom. The cost difference in shipping and products in Bahrain is also accounted for by the nature of division of labor. As mentioned earlier, 79 percent of the workforce is in industry, services, and ...Download file to see next pagesRead More
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