An analysis of the economic systems developed within Israel, Qatar, Kuwait, Dubai and Saudi Arabia.
Written in 2008; 4,562 words; 21 sources; APA; $ 118.95
Paper Summary:
The paper analyzes the drivers of economic growth in Israel, Qatar, Dubai, Saudi Arabia and Kuwait and analyzes these strategies according to a set of indicators which indicate the future trajectory of these countries' growth rates and the sources for this economic growth. The paper argues that disparities in income between these countries and future prospects for growth depend more on human capital development, protection of private property and individual rights and development of appropriate infrastructure than the amount of natural wealth they have developed. The paper concludes that these countries will continue to enjoy significant growth rates excluding Saudi Arabia, that will continue to struggle despite high demand and high prices for its primary extractive resources.
Outline:
Abstract
Introduction
Review of Literature
Literacy Men and Women
Unemployment Rate
Investment
GDP per Capita (PPP)
Demographic Factors
Economic Policies: Measuring the Factors for Growth
Saudi Arabia: Cautionary Example
Measurements of Growth
Conclusion
From the Paper:
"There is a good deal more literature about war and peace in the Middle East than there is about their economic underpinnings. The governments of Dubai and Israel have a fairly sophisticated government statistical service, which reports a good deal of financial information. This is not as true in the other three countries, perhaps as an offshoot of their focus on extractive industries, and partially due to the small size of those countries.
"A good place to start is with the fundamental economic and demographic statistics for each country. The Economist and the World Bank publish yearly updates on key measurements in these countries. Of particular interest are three measures today: literacy levels for men and women, and GDP per head (CIA, 2007)."
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