Macroeconomic Analysis of Saudi Arabia and UAE

Macroeconomic Analysis of Saudi Arabia and UAE INTRODUCTION: The increasing economic development in UAE and Saudi Arabia has made these developing states an excellent nation for those people who choose to expand overseas or are interested in Foreign Direct Investment (FDI). Globalization aids to strengthen their distribution channel and their economies. Saudi Arabia is rapidly gaining importance as a manufacturer and economic leader in the world. These countries have eliminated many of their trade barriers now and have a free trade economic system that attracts many business men from around the globe who seek new consumers and target market for their products (Bloomberg, 2010). UNITED ABRAB EMIRATES PEST ANALYSIS: (P)OLITICAL: The stable political situation of UAE enough to attract almost any major financial institution that needs to invest. These financial institutions can assist in accessing capital markets emerging within the UAE economy. the banking system developed my emirates is a relationship based system of banking with the monetary policy and system capable enough to fulfill funding supplies of a later stage that may be equity leasing or loans (John, 2010). (E)CONOMIC: Out of three million population of UAE 60% of them are in the workforce. In the UAE economy the level of FDI is very high. Globalization has helped improve the UAE economy greatly by bringing in thousands of workers, services and products from throughout the world. UAE has been a member of World Bank, WTO and IMF for seven years. The country has huge wealth and has experienced trade surplus of approximately over 100 billion dirham in the past year (Tomlinson, 2010). (S)OCIAL: All of UAE citizens have high living standard, a western lifestyle and continues rising financial positions. The society remains free and open to all types of restaurants, tourism, sport and recreational activities. The multicultural nature of society and economy existing in UAE allows fir many of the foreigners to work there in well paid positions (Cateora and Graham, 2007). (T)ECHNOLOGICAL: The UAE population comprise of young and extremely technologically knowledgeable professionals. The IT industry aids tourism, hotel and IT service sector. The IT software industries and internet usage in the gulf region is double the rate of Europe. The UAE population has the largest users of internet, satellite and mobile phone within the Middle East (Cateora and Graham, 2007). SAUDI ARABIA PEST ANALYSIS: (P)OLITICAL: The politically stable government of Saudi Arab attracts many of the foreign investors and business men. The government also provides various incentives that attract many investors and tourism from around the globe (Morgan, 2010) (E)CONOMIC: Saudi Arab accounts for the worlds major oil producer and exporters. This allows Saudi economy to earn a high GDP. It also helps its current account to balance against the value of imports when the demand for oil is high (Griffin and Pustay, 2009). (S)OCIAL: The religious history of Saudi Arabia for the Muslim also holds great significance. In the religious seasons people from all over the world come to pay visit to the holy places. This accounts for much of the revenue for Saudi economy. Hotels, restaurants and residential places earn high revenue in these seasons (McGinley, 2010). (T)ECHNOLOGICAL: Saudi Arab is a country that keeps itself technologically updated as it needs to cater a massive population of tourists and visitors from around the world. Saudi Arab imports technological machinery from Japan and other countries which enables it to be established as well-technologically equipped country (Morgan, 2010) MACRO ECONNOMIC ANALYSIS OF BOTH ECONOMIES: BALANCE OF TRADE: It refers to the difference in the VALUE of imports and the VALUE of exports when a country trades (Stanlake and Grant, 1995). SAUDI ARABIA Saudi Arabian economy reported a trade deficit of about US$ 32638.2 MILLIONS in the year 2009 in spite of being the worlds largest producer and exporter of oil with more than 90% of exports being based on it. Major imports of Saudi Arabia include equipment, machinery, food stuff and chemicals with its main trading partners being European Union, China and Japan (Source: trading economics.com, indicators, international monetary fund) Analyzing the trend we see a stable balanced of trade from the year 2000 to 2006. It then gradually increases till 2009 and falls very rapidly in 2010.we also see rapid rise from the year 2005 to 2006 and from 2008 till 2010 (McGinley, 2010). UNITED ARAB EMIRATES The exports of natural gas and petroleum play an important role in the UAE export economy. It mainly imports chemical, machinery and equipment from its major trading partners: India, Japan, China and European Union (Menafn, 2009) (Source: tradingeconomies.com, Ministry Of Economy) Unlike Saudi Arabia, the BOT of UAE shows a positive upward trend. It grows steadily from the year 2001 to 2005 and rapidly reaches 211.3 billion 2007. It then falls to 170.85 billion in 2008 which is not too sharp a decrease as it has swiftly gone up in the year 2009-2010. GDP GROWTH RATE: It refers to the gross domestic product that is gained by calculating the difference between the imports and the exports (Hobday, 1988). SAUDI ARABIA The economy of Saudi Arabia expanded over 0.6% last year. The worth of Saudi Arabia GDP is 0.6% of the economic world or 369million dollars (Source: tradingeconomies.com, Saudi Arabian Central Department) The trend shown for the GDP rate of Saudi Arabia is not stable. We see a sharp rise and a sharp fall from 2001 to 2002 and from 2003 to 2004 reaching up to 7.66% from 2004 we see a fluctuating GDP rate that falls to 0.6% in the year 2010. This downward trend is not favorable for Saudi Arabia. UNITED ARAB EMIRATES Unlike the, Saudi which expanded over the last year, UAE Economy experienced contraction of 2.10% last year. The UAE GPD is worth $ 261 billion and accounts for 0.42% of the total of the world economies. (Source: tradingeconomies.com, Ministry Of Economy) The UAE analysis of GDP growth shows a high GDP of about 8% from the start of 2001.UAE and Saudi Arabia has a similar trend till 2004. But UAE shows a 12% rise in GDP rate from 2001, unlike Saudi Arabia which shows just 8% from 2001. Saudi Arabia GDP falls to 0.6% by the end of the year 2010 while UAE experienced negative rate of -2.1% (Time out Dubai, 2009) INFLATION: Inflation refers to the general increase in the price levels over the period of time (Stanlake and Grant, 1995). SAUDI ARABIA The inflation rate through the year 2010 was reported at 5.51%. It touched historical heights in 2008 with inflation of 11.08 % (Source: tradingeconomies.com, Saudi Arabian Central Department) The inflation rate of Saudi Arabia shows an upward trend. It is 0.31% in 2001 and continues to rise till 2009. The economy then faces a gradual decrease in the inflation rate and it falls to 3.5% near 2010, from 11.08% same year. By the end of 2010 and the starting of 2011 we see inflation again expected to rise to 5.51% (Tomlinson, 2010). UNITED ARAB EMIRATES The average inflation rate of UAE is 6.27%. The historical highest inflation recorded for UAE had been 11.10 % (Source: tradingeconomics.com, Ministry of Economy) The inflation rate of UAE has grown steadily over the years. The trend shows no downward trend but it continues to grow from 2003 till 2008. Unlike Saudi Arabia high shows fluctuation and steady growth of inflation, UAE economy has faced an upward trend for inflation for the past years. UMEMPLOYEMENT: The unemployment rate is defined as the number of people of the total labor force who are unemployed or/and seeking for work (Turnovsky, 1977). SAUDI ARABIA According to the last report the unemployment rate in Saudi Arabia was 10.5% in Saudi Arabia. From 1999 till 2009 Saudi Arabias unemployment rate reached to the average of 10.5%. The historical height of Saudi Arabias unemployment rate was recorded at 12%. (Source: tradingeconomies.com, Saudi Arabian Central Department) The unemployment rate illustrated above shows an upward trend of rising unemployment in the Saudi economy which is definitely not a favorable indicator for the overall economy. We see the percentage of the labor force unemployed falling from the year 2007 to 2009 sharply but it fails to keep it lower and rises again to 10.5% by the end of 2010. UNITED ARAB EMIRATES The unemployment rate of UAE far exceeds of that of Saudi Arabia. It was calculated as 20.60 in 2004 which was the historical height achieved for the UAE economy according to arabian news (Tomlinson, 2010) (Source: tradingeconomics.com, Ministry of Economy) For UAE economy the unemployment rate shows an upward trend but not as rapidly and sharp as for the Saudi Arabia. But the total percentage of the rate of unemployment in UAE is higher than of Saudi Arabia which has a fluctuating trend for unemployment. INTEREST RATE: It refers to the price of borrowing and lending (Hobday, 1988) SAUDI ARABIA The decisions making authority regarding the interest rates lies with the Saudi Arabian Monetary Agency (SAMA) (Cateora and Graham, 2007). (Source: tradingeconomies.com, Saudi Arabian Central Department) The interest rate trend shown above illustrates a downward initial trend and then a slight increasing graph followed by a sharper fall with a stable and constant rate from 2009 till 2010. UNITED ARAB EMIRATES The UAE interest rate decision making authority lies with the Central Bank of the United Arab Emirates (Ahmed, 2004) (Source: tradingeconomics.com, Ministry of Economy) The interest rate trend for the UAE economy and Saudi Arabian economy is very different. Un like Saudi Arabia UAE faces many fluctuation through the years from 20007 till 2009.it starts at a higher rate, remain stable, falls and then rises quite sharply. It then experiences little fluctuations and rests at 1.80 with the starting of 2011. SUGGESTIONS FOR IMPROVEMENT: SAUDI ARAB ECONOMY The over analysis of past trends suggest that the inflationary pressures might stay manageable and stable over the period of 2010-12 (John, 2010). This inflation will reflect the weakened interest rate .A weakened interest rate will compel people to spend more. Demand for money will rise as indicated by the monetarist view (Cateora and Graham, 2007). The increased supply of money will eventually increase the price levels as the quantity theory of money explains. There may be a fear of inflation which may exist then. Population growth will be generating some local price pressures. The economy is expected to grow by an average 3.7% in the upcoming year 2010-14. Resources reveal that the Saudi economy is expected to be greatly supported by extensive spending by the government thus absorbing a large proportion of the job market. A strong increase in investment projects by the government is also expected. There will be good domestic consumption of oil but weaker oil export due to higher o il prices (Bloomberg, 2010). Due to stronger investment projects from the government the economy will face greater injections into it which will result in falling unemployment rate and rising income levels. This will leave a favorable and positive impact on the Saudi economy in the upcoming years. But looking at the Saudi economy from the Keynes view/Classical theory of income and employment we see as the employment and income levels will rise due to injections in the economy, there will come a certain level, that aggregate demand will no longer bring any changes in the income and employment levels but prices will begin to rise which will indicate inflation in the long run (Shihab, 1996). UNITED ARAB EMIRATES The growth forecast for UAE is lowered by the IMF to less than 1% (Tomlinson, 2010). UAE economy is expected to grow 2.9% following year. The investment activity is expected to be weak as the emirate is trying to redefine its economic objectives (Bloomberg, 2010). As the UAE economy will try to reduce its rate of inflation unemployment is expected to rise as defined by the Phillips curve and his short theory of two devils that exist in the society. For the longer run, the monetarist view can also be taken into account when we will see UAE economy will try to reduce its rate of unemployment. The offered higher wages will ultimately be raising the cost of production in the long run and instantly growing inflation continuing the trend the economy showed for the pat years. This will result in falling income levels and higher rate of unemployment as the withdrawal and injection approach suggests (Menafn, 2009). Experts suggest that the above economies should try to reduce their rate if inflation especially in case of UAE. This may reduce the unemployment level and the levels of income will eventually raise giving people higher living standards. As for Saudi Arabia expert suggests the government to precede with its investment projects and attract other investors from throughout the world. As the current account of Saudi Arabia has been greatly affected by the rising oil prices, Saudi government should concentrate on developing trade and other export product that may cover the current account deficit (John, 2010).

In the lake of the woods Essay

In his novel In the Lake of the Woods Tim O’Brien paints a vivid image of the horrors of the Vietnam War, particular the savagery of the Thuan Yen massacre. While prior to reading the novel readers instinctively blame the soldiers themselves for their immoral actions, as the novel progresses, O’Brien shows that while the soldiers may have physically committed the brutal acts of murder, blame cannot solely be placed on them. O’Brien depicts the Vietnam landscape as one that, due its elusive and chaotic nature, was partially responsible for the horrors that the men committed. Furthermore, the very nature of man and our innate capacity for evil suggests that while the soldiers themselves committed the physical acts of terror, our capability to commit such atrocities when placed within the scenario of war means that any individual would have been taken over by the insanity of the conflict. Ultimately, O’Brien demonstrates that while the horrors of My Lai are unforgivable, there are extenuating circumstances which suggest that blame cannot solely be placed on the soldiers who themselves were at times victims to the nature of war. While O’Brien depicts the nature of war as chaotic, he never denies the individual responsibly that each soldiers had for the evils they committed while at war. Sorcerer comments that â€Å"this was not madness, this was sin. † By differentiating between â€Å"sin† and â€Å"madness† O’Brien shows the immorality of the soldier’s actions, rather than simply blaming the evils they committed on the Vietnam landscape. While â€Å"madness† suggests a lack of control and that the soldiers were unable to make moral decisions, â€Å"sin† is associated with a conscious decision to commit evils and thus an understanding of one’s immoral actions. The fact that in between the savage killing and sexual perversion of the Thuan Yen massacre solders were able to take smoke breaks suggests that the soldiers knew of the â€Å"pure wrongness† of their actions and yet never made the moral decision to stop the killings. If soldiers did in fact understand their actions, O’Brien asks whether they can ever be forgiven. â€Å"Justifications are futile† states O’Brien – the total disregard for the mores of our society means that we cannot justify nor excuse the ultimate acts of savagery that were exhibited in Thuan Yen. Such evils committed by men are unforgivable and thus, the soldiers who partook in the massacre must accept responsibility for their actions, at least to some extent. However, within a landscape as chaotic as that of the Vietnam War, O’Brien asks whether any individuals could have retained his sanity. If not, O’Brien suggests that some blame can be placed on the insanity of the environment of war that warped the moral codes of those who fought in there. Vietnam is depicted as a â€Å"the spirit world†¦ dark and unyielding†; a hellish environment in which the line between good and evil, moral and immoral and right and wrong had been blurred to such an extent that soldiers who had to endure the war landscape were sucked in by the chaos and the amorality. The question of whether any individual, let alone any soldier, would have been able to make moral decisions during war is one that is ever-present in O’Brien’s text. As readers witness the total disregard for human life that was the Thuan Yen massacre, it is hard to believe that any person, no matter how sane and morally upright one may have been before the war, could have retained their sanity within an environment that appears to reach into the soul of every soldiers and dislodge the part that enables us to make moral decisions. Varnado Simpson, a member of the Charlie Company states that â€Å"we simply lost control†¦ we killed all that we could kill. † In his court trial, Simpson defines the very nature of war, with its aimless shooting, elusive enemy and constant paranoia, as a scenario in which any individual would have been taken over by the hysteria that war created. Ultimately, O’Brien graphic depictions of the war landscape allow readers to sympathise with the soldiers and thus allow the blame to shifted, however not excused, from the soldiers themselves. In light of the very nature of war, O’Brien suggests that despite the atrocities of their actions, the inability to make moral and ethical decisions within the world of â€Å"ghosts and graveyards† means that the evils committed by the soldiers must be, at times, viewed with sympathy as well as the scorn that readers naturally thrust upon them. Furthermore, O’Brien demonstrates that it is the very nature of man and our innate capacity for both undying love and unbelievable destruction that ensures that, while their actions are unforgivable, soldiers can be viewed with sympathy. The â€Å"impossible combinations† of the war depicted by O’Brien reflect the ability of man to express both the dichotomies of love and destruction equally and at the same time – a seemingly â€Å"impossible combination† of its own. However, the very fact that these two traits are not mutually exclusive suggests that it is in our very nature to commit acts of evil when placed within a landscape such as that of war. John Wade did not go to war to kill or brutalise or even to â€Å"be a good citizen. † O’Brien ensures through repetition of the statement that â€Å"it was in the nature of love† that Wade went to war. How then, O’Brien asks, can Wade be solely blamed for his actions when his intentions in going to war were pure? While we cannot simply forgive Wade for the massacre in which he partook, O’Brien leads readers to view Wade not â€Å"as a monster, but a man. † Despite the horrors that he committed while at war, it appears as if John Wade was a victim not only of the war landscape, but of ultimately of human nature. In the concluding pages of the novel, as Wade slowly loses himself within the tangle of his own deceit, O’Brien asks if Wade was â€Å"innocent of everything but his own life. † The more poignant question, however, is whether Wade and the rest of the Vietnam veterans are innocent of everything but human nature and our innate ability to commit acts of evil. It is thus that O’Brien suggests that while the actions of the soldiers at Thuan Yen cannot be excused completely, the soldiers themselves cannot solely be blamed. â€Å"Can we believe that he was not a monster, but a man? † It is with this open ended question that Tim O’Brien draws to a conclusion the enigmatic story of Vietnam veteran John Wade. Despite the horrors that he committed throughout his life, most notably the Thuan Yen massacre, O’Brien asks whether humanity can view Wade as a man who was a victim to the chaos of war, to the capacity of human nature to commit evil and ultimately, to his own reality. The actions of soldiers at war cannot be justified – it is with this sentiment that O’Brien writes this antiwar protests – however there are undeniably extenuating circumstances which lead soldiers to commit acts of evil. While culpability should not be lifted from the soldiers completely and their actions should not be excused, O’Brien ensures that we sympathize with the soldiers as many of them were simply swept away in the amorality of the landscape. Ultimately, O’Brien explores human nature and the capacity that man had for destruction. It is this weakness, rather than that of any individual soldiers, that is ultimately responsible for the evils of war.

Sex in Reality TV Essay - 2246 Words

Sex in Reality TV The Sex Factor on Survivor Survivor, one of the first successful reality shows, is a show that puts a selected group of people in a beautiful setting leaving them to fend for themselves within the two different teams. Every week the two teams compete for rewards and immunity before someone is voted off at the end of each episode. The shows main theme is how the different people interact with one another, and since the theme of the show is outwit, outplay, and outlast there is plenty of drama to go around on the show. After almost ten seasons the show can’t just rely on the same premise that the show has been using for the four years it has been on the air so the producers have to rely on something else, sex.†¦show more content†¦Survivor will continue to rule the ratings among the reality shows because people are always intrigued by the interaction of people especially in high pressured situations. Also, with a little bit of sex thrown in, the show will continue to be one of the best reality sh ows on the air. Real World Sex seems to be the major focus in reality TV shows today. It seems as if producers of reality TV shows tend to make a large emphasis in sexual activity on the camera. A prime example of this would be the â€Å"Real World.† The â€Å"Real World† is a reality television show that debuted in 1992 on MTV where a group of seven strangers are chosen to live in a house together for several months. The house the cast members live in have no doors, it is just one big open room, including the bathroom where people can just walk by while someone is in the shower. In an online edition of the San Diego Union Tribune, writer, Renee Graham feels that â€Å"Real World† would best be described as â€Å"Real Sex† ( Graham, 2004 ). Graham later supports her view by explaining about the season of â€Å"Real World† that was set in Las Vegas. 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November Writing Prompts for Journaling

November is a great month to step back and count our blessings. The month offers a range of activities, many associated with football and meals and family. Here are writing prompts, one for each day of the month of November. These prompts been chosen to highlight special days throughout the month. These can be used as daily warm-ups, journal entries, or opportunities for speaking and listening.  Thanksgiving  does not have a date, as it is always the fourth Thursday in November. For this holiday, a great prompt would be: What are five things that you have to be thankful for? November Holidays Aviation MonthChild Safety and Protection MonthLatin American MonthNational Model Railway MonthNational Novel Writing Month   Speaking and Listening Opportunity Participate in  Storycorps  The Great Thanksgiving Listen.​The Great Thanksgiving Listen is a national movement that empowers young people—and people of all ages—to create an oral history of the contemporary United States by recording an interview with an elder. To date, thousands of high schools from all 50 states have participated and preserved more than  75,000 interviews, providing families with a priceless piece of personal history. Writing Prompt Ideas November 1 - Theme: National Authors Day. Who is your favorite author? Why do you like his or her writing?November 2 - Theme: Cookie Monsters birthday. Which of the Sesame Street characters was your favorite as a child? Why?November 3 - Theme: Sandwich Day. Whats your idea of a perfect sandwich? Whats on it? What type of bread would it have? Describe it in detail.November 4 - Theme: End of daylight savings time. Do you think that America should continue to observe daylight savings time? Why or why not?November 5 - Theme: National Donut Day. Use your five senses to describe your favorite type of donut.November 6 - Theme: Voting. What are your feelings about voting? Is it something you look forward to doing or do you not really care? Explain your answer.November 7 - Theme: Magazine Day. Pretend you are creating a new magazine. What would it be about? What type of features would it include? Make sure to give your magazine a name. If you were going to create a magazine, what would it be called, andNovember 8 - Theme: X-Ray Day. Have you ever had to have an x-ray? If so, what was it for? Describe what happened to cause your injury. If you never had an x-ray, write about your worst injury.November 9 - Theme: Parade Day. Write a poem or a short piece of prose about a parade. It can be serious or humorous, your choice.November 10 - Theme: National Novel Writing Month. If you were going to write a novel, what would it be about? What would its title be?November 11 - Theme: Veterans Day. Describe at least three ways that you can honor veterans who have served in Americas armed forces.November 12 - Theme: Nuclear energy. Which type of energy do you think America should focus on for the future: solar, wind, fossil fuel, or nuclear? Explain your answer.November 13 - Theme: World Kindness Day. Describe an instance where someone was really kind to you. How did it make you feel?November 14 - Theme: Childrens Day (India). In India, November 14th is Childrens Day. Do you think th at America should institute a special day set aside as childrens day? Explain your answer.November 15 - Theme: National Recycling Day. Do you believe that people should be penalized if they dont recycle? Explain your answer.November 16 - Theme: Scorpios. According to the Astrological calendar, people born on November 16th are Scorpios.  Do you believe in astrology and sun signs? Why or why not?November 17 - Theme: International Students Day. Would you ever consider studying in another country? Why or why not?November 20 - Theme:  National Peanut Butter Fudge Day. What food combinations do you think are delicious such as the combination of chocolate and peanut butter?November 21 - Theme:  National Stuffing Day. Stuffing is one of the most traditional foods for a holiday. What are some of the foods you associate with the holidays?November 22 - Theme: National Start Your Own Country Day. Pretend you have decided to start your own country. Give your country a name. Describe what s ymbols and colors would be on its flag. Finally, write about at least three protections guaranteed to all citizens.November 23 - Theme: National Espresso Day. What kind(s) of food gives you a boost of energy?November 24 -Theme:  National Native American Heritage Day. What do you know about the Native American tribes who lived in your area? OR Read a Native American myth or folktale. How is this story like or unlike other cultural myths or folktales?November 25 - Theme:  National Parfait Day. Parfaits are desserts created with layers of sweets, but they can serve as a metaphor for someone who has different talents or layers of ability.  What kinds of layers do you have?November 25 - Theme: National Cookie Day. If you are not tired of all the holiday food options in November, then write about your favorite kinds of cookies.November 27 - Theme: Celebrities. If you had the ability to meet one celebrity, who would it be? Why?November 28 - Theme: Red Planet Day. If it was announced that a new colony was being planned on Mars, would you want to join it? Why or why not?November 29 - Theme: King Tuts Tomb Opened. Do you believe that something like the curse of the mummy against those who opened old Egyptian tombs really exists? Why or why not?November 30 - Theme: Dinner Party. If you were going to have a dinner party and could invite five historical figures, who would you choose? Explain why you would invite each one.