Saudi Arabia Economics Overview

Saudi Arabia Economics Overview An evaluation of various aspects of Saudi Arabia is crucial in investment decision-making. The Saudi Arabian economic environment constitutes both positive and negative aspects concerning investors. The economy of this region is oil-based.Advertising We will write a custom research paper sample on Saudi Arabia Economics Overview specifically for you for only $16.05 $11/page Learn More Research indicates that an estimated 75 percent of budget revenues originate from the oil industry. Furthermore, about 40 percent of the Saudi Arabian Gross National Product results from oil-related activities (Euromoney). In addition, various surveys indicate that an estimated 90 percent of Saudi Arabian export earnings originate from the oil industry. The exploration and production of oil in Saudi Arabia has transformed the region into a major stakeholder in world petroleum reserves. Another aspect relating to the Saudi Arabian economy is the influence of the government in co ntrolling major economic activities. The government in this region utilizes governance policies, which promote a centralized control on most aspects of the economy. The over-dependence on oil in Saudi Arabia has hindered economic diversification which is a crucial aspect for investors. The lack of a diversified economy introduces numerous risks to investors and thus minimizes the viability of potential business ventures. Since the economy thrives largely on exports, the lack of diversification introduces aspects of an overvalued currency. An overvalued currency has negative effects on the domestic price of imports and exports as it causes a distortion in price structures. Other negative effects of overvalued currency include the lack of balance between the demand and supply of foreign exchange. An economic environment in which the government has considerable influence scares away investors because effective markets function based largely on market forces. Government policies and reg ulations introduce restrictions that eliminate equal opportunities for investors. Saudi Arabia is a region characterized by an enormous platform of ancient rocks. The climate in most regions in Saudi Arabia entails hot summers as well as cold and rainy winters. The geographical location of Saudi Arabia provides an easy access to export market in various destinations. Its continuously growing population has helped to retain a population with strong purchasing power (Saudi Arabia). Apart from oil, Saudi Arabia contains a variety of natural resources such as bauxite, limestone and iron core.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Saudi Arabia’s major source of electric power is oil-powered diesel engines. Statistics indicates that about 92 percent of the population in Saudi Arabia has access to power. Aspects of technological development in Saudi Arabia are u nsatisfactory. The implementation of policies on science and technological development is still ongoing. Transportation in Saudi Arabia has undergone significant transformation to include extensive highways, modern airports, seaports and railroads. About 10 percent of the population in Saudi Arabia are involved in agriculture. Agriculture-related activities contribute to about 5 percent of Saudi Arabia’s GDP. Changes in agricultural preferences have led to a decline in the traditional growing of dates, and an increase in the growing of wheat, corn, sorghum, and a variety of fruits and vegetables (Saudi Arabia). Although major industries in Saudi Arabia are oil-based, there have been attempts to diversify manufacturing to include other industries such as cement and steel manufacturing. A significant percentage of the Saudi Arabian population lives in urban areas. While coastal regions and internal oasis have condensed populations, desert regions have spare populations. The Sau di Arabian GPD has been generally improving, but at low rates due influences of unstable global oil prices. The increase in household consumption highlights an increase in purchasing power and improved per capita income. Remittances have led to fluctuating current account in Saudi Arabia, and the devaluation of the currency. Oil exports have considerably facilitated the stabilization of these accounts. Expenditures on education constitute about 10 percent of the GDP. Euromoney – International banking finance and capital markets news and  analysis. N.p., n.d. Web. https://www.euromoney.com/. Saudi Arabia. Central Intelligence Agency. N.p., 10 Sept. 2012. Web. https://www.cia.gov/library/publications/the-world-factbook/geos/sa.html.

Free sample - Why I want to be a Doctor. translation missing

Why I want to be a Doctor. Why I want to be a DoctorBecoming a successful doctor and touching on the lives of many people seems to be my main objective in life. The drive towards this course in life is derived from a number of factors that are worth mentioning at this point. First, my past experience as a child spells clearly on the reasons why I want to become a doctor with specialization in gynecology. The passion for helping other people started early in life when I was still a child. Playing as a doctor was my favorite during those early childhood pleasures and I always enjoyed handling my play patients who were friends, animals and dolls with a lot of love and tenderness. I was also good in handling pregnant women and babies because they seemed to be very delicate and deserving a lot of care. I always had a strong feeling that I could heel my patients because I understood what they were going through. Naturally I  Ã‚   have a liking for life on earth be it for animals or humans; and I would do anything to protect it. I believe that I can make important contributions towards improving the health and medical services of other people in the society. Secondly my personal experiences have also provided impetus in my desire to pursue a medical profession. My own blood brother suffered severe migraines that really affected his early life. He was forced to spend weeks in a darkened room and almost gave up with education. This particular experience really broke my heart as I just wished to bring him back to his normal life. Personal touch with babies in hospitals during medical tours and other events have really influenced my attitude towards sick babies. I have had a baby cousin who suffered from neuroblastoma cancer during infantry and it really broke my heart. The problem started as a lump in her spine that was later diagnosed as a cancer. The cancer culminated into a paralysis on the lower waist. The paralysis had a great impact on her   as evidenced by the walking difficulties she encountered later on. The picture of her on the hospital bed with artificial tubes touched my life and triggered my passion to assist such cases. At local and national hospitals I have participated in future Doctor programs. The tours in these facilities have provided hand-on experience with operations and equipments that have shaped my curiosity to learn more. Successful Doctors have also encouraged me to follow the medical path in the course of our interactions in the hospitals. A terrible first encounter as an ob/gyn has always motivated me into making a difference in the medical profession. This particularly concerns Doctors who had weak skills and showed no empathy to patients. In light of this unfortunate incidence, I have vowed to be different and make good connections with people in the course of helping to address their medical challenges. In my professional career I have a desire to bring significant changes in the provision of medicare for pregnant women and babies. As already indicated these people are delicate and deserve the best care. Reducing mortality rates of infants in my country would be part of my strategy in my medical profession. Cases of negligence and lack of empathy amongst some doctors have really disheartened me and I am really determined to be more caring compassionate in bringing great care to mothers and babies. I have a strong conviction that such an accomplishment would bring meaning not only to me but to other people in the society. By recognizing the innocence in babies and participating in welcoming them to the world I would make important contributions to our future generations. Skills and knowledge acquired in the course of studying medicine would eventually trickle down to the entire society with the practice of the profession in various health facilities. Given the opportunity I would put in all my efforts and leave a legacy that would remain in the minds of many for the rest of their lives. Finally it is important to re affirm that I have a strong calling to pursue this cause so as to help other people and bring change in the society in terms of infant and maternity care. This dream can only be actualized if I am granted the opportunity to study for the course in your institution.