Economic Growth And Saudi Arabia

The Middle East is one of the birthplaces of human kind’s civilization. Since the Ancient Egypt, Sumer, the Arab Empire, Turkey Empire, or even to present day, the Middle East has always been a valuable strategic point for not only because of its geographic location but also it full of petroleum and nature gas. According the OPEC (Organization of the Petroleum Exporting Countries) that 66% of the global oil reserves are in the Middle East and only 6% in North America, this makes a lot of powerful countries want to share a pieces of the Middle East, Stephen mentions “Much of the world 's oil wealth exists along the Persian Gulf, with particularly large reserves in Saudi Arabia, Kuwait

What's more, Saudi Arabia political system is very conservative when compared to the United States. For Muslim countries our freedoms can be seen as threatening by those who value that structure. For that reason, not all countries share the same philosophy in regards to their citizens’ right. For example, Saudi Arabia has been criticized for its implementation of Islamic law and its poor human rights record. In the same way the United States has been criticized for being too liberal. Civil liberties safeguard individual liberty and therefore, are valuable to every human being. More importantly, prevent the government from misusing power. Without a doubt, the highest law in the United States is the U.S. Constitution and such is fabricated by some amendments that are known as the Bill of Rights. The Bill of Rights guarantees that the government can never deprive people in the U.S. of certain fundamental rights. As a result, American citizens are protected by the First Amendment which, reads the following “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peacefully assemble and to petition the Government for a redress of grievances” (“First Amendment").

After World War II, society experienced many changes due to economic growth. The reason for the rise in the economy is "… the developments in technology, methods of production, communication, and transportation..." (Background; lines 1-2). These changes "… led to far more goods and services for many people..." (Background; Lines 10-11).

Macy’s has become one of the greatest retail stores in the United States. Since they first opened their doors to customers in 1858, Macy’s stores have always been grand and innovative. They have changed their stores quite remarkably since it’s beginning. Macy’s elegant charm has brought in customers who have help turn this retail store into a huge company. Currently Macys has 850 department stores in 45 states. Most Macy’s stores are quite spacious and have two to three levels in which they market to youth, women, and men. Macy’s selling strategy has grown to have great experience in pulling in customers. From sales to advertising, Macy’s is a big retail competitor. The company focuses on their customers by targeting specific age groups,

Saudi Arabia is one of the most conservative Islamic states. The Islam is the religion that dominates all aspects of the citizen’s lives. The Islamic interpretations effects the politics, economics, businesses, and communications with other nations. For instance, Saudi Arabia and The United States have different views

Starting with the hedgerows of the Normandy Beaches to the Bulge to the Surrender of Germany on June 7, 1944 to May 7, 1945 Ambrose tells an authentic story of World War II from the point of view of the men who battled in the war. The author explains the narrative of the “GIs, junior officers and enlisted men “ (Ambrose 14), proved Hitler wrong by driving his Wehrmacht back from the beached of Normandy back to Germany. One of the greatest lessons that the reader can learn from reading the book, Citizen Soldiers is that the success of war is heavily relied upon by the junior officers and non-commissioned officers on the front lines.

The United States under the Articles of Confederation had a Federalist nation in its truest and basest sense. Originally, the Articles united the separate states together under an extremely weak central Congress with few powers. That left most of the powers of government with the states, which caused many problems in terms of regulation and protection of rights and liberties. Most states had different currencies, taxes, protections of rights (in the individual state constitutions), and other policies that made it difficult for the states to coexist, however, with the power in the individual states, most policy more closely reflected the peoples of the region. When it became clear that the Articles of Confederation were no longer working

In the Middle East, Saudi Arabia is the largest arid country (Al-Ibrahim, 1991). The country covers some 80 percent of the Arabian Peninsula (Al-Hamzi, 1992). The area of Saudi Arabia is 2.25 million square kilometers, equivalent (1.4) million square miles (Batayneh, 2012). The total number population in Saudi Arabia is 25.7 million (Al-Shayaa et al., 2012). Saudi Arabia climate is broiling in the summer and chilly in the winter, and Saudi Arabia does not have well-defined season. In addition, Saudi Arabia is waterless country, and it does not have rivers or lakes (Al-Shayaa et al., 2012).

OPEC was founded in 1960 with 5 counties and the goals to be a dependable oil market for themselves, and to stimulate economic growth in other countries. Leading up to the 1970’s OPEC’s growth and business was relatively unnoticed until an Iranian revolution and Arab oil embargo pushed oil prices to new levels. Changing consumer opinions about oil and over supply led to a market crash in 1986; but from 1990 through to 2000 prices strengthened from increases in technology and a more global market. In 2008 the stock market crisis rippled through all industries and even caused the oil market to suffer. Oil prices then rebounded and at June 2014 oil prices set a record high. OPEC currently has just under 40% of the market share and

on this years by providing the oil gap cause for the OPEC embargo to those

The UAE is one of the riches nations in the world as measure by per capita GNP. The economy is primarily based on the oil

Saudi Aramco is ranked first amongst all oil companies worldwide in terms of crude oil production and exports, and NGL exports. In addition they are amongst the worlds leading producers of natural gas with 288.4 trillion standard cubic feet of gas reserves. The products that Aramco specialise in are petroleum, natural gas and other petrochemicals. “We rank first among oil companies world wide in terms of crude oil production and exports, and natural gas liquids (NGL) exports and are among the leading producers of natural gas” (http://www.aramco.com/en/home/about/at-a-glance.html)

The largest world supplier oil company is Saudi Aramco. It is the most profitable company on the earth. Since it is the most powerful oil company, it has a great impact on the world economy. As a result, a strong international relationship was built with the Kingdom of Saudi Arabia. In addition, the strong developing of international relationship with other industrial countries resulted in massive contributions to the politics, economy, and many different aspects. In 1933, Saudi government bestowed oil concession to California Arabian Standard Oil Company (Chevron). The main factor for this grant was to explore the oil in the eastern region of the Kingdom of Saudi Arabia. After discovering a huge amount of oil, part of the

The term globalization can be defined as a process by which societies, regional economies and cultures have been integrated via a global network of transportation, communication and trade. It has both positive and negative impacts in all the areas that it touches on be it economical, social, technology, cultural, political, environment, health or any other. Globalization started to have an impact on businesses world wide in the eighteenth century since that time marks the merging of modernity and globalization. However, in the modern sence, globalization kicked off after the end of Second World War since its during that time that leaders felt the urge to break down the borders

Saudi Arabia has an oil-based economy. Shipments of oil account for 87 percent of total exports and for 46 percent of GDP. In recent years, in order to diversify the economy, the government has been investing in telecommunications, petrochemicals, natural gas exploitation and power generation sectors.