Pest Analysis Of The United Arab Emirates Economics Essay

Pest Analysis Of The United Arab Emirates Economics Essay 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: POLITICAL: 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). ECONOMIC: 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). SOCIAL: 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). TECHNOLOGICAL: 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: POLITICAL: 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) ECONOMIC: 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). SOCIAL: 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). TECHNOLOGICAL: 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).

A Mission or Personal Vision Statement (VV1) Essay

We begin this seminar with the development of a personal mission or vision statement. We use this statement in this seminar to emphasize that your time at the UW begins with dreams and visions you hold for the life that is still ahead of you. We ask you to write a mission statement that is reflective of who you are and what your sense of calling, purpose, vocation, or meaning of life. Mission statements are helpful for many reasons, but primarily they are used as a tool to encourage you to consciously reflect on who you are and what you are doing at the UW. As you progress through your educational experience here, you will find that you will take many side roads, you will wander off the path, hurry ahead of yourself, and even become unsure and hidden in the brambles. We have found that a personal mission statement is helpful when the way becomes cloudy; to return to a written statement of your essence and purpose in life can often help you forge your chosen path. Definitions[1]: †¢ â€Å"Values: ‘Concepts, principles, or standards that drive one’s decisions and actions. ’ Examples of values are honesty, persistence, dependability, self-sufficiency, and faith. † †¢ A vision statement: ‘A statement of three or four sentences describing a desired future – not a predicted future. ’ Here is an example of a vision statement (stated as if the vision has already been achieved, so that it is positive and powerful): ‘I am a person who is peaceful and an example to others of that peace, which comes from faith in God. I am considered to be an inspirational teacher of great integrity. I lead a simple life style that includes plenty of time for myself, my family, and my friends as well as service to others. ’ †¢ A mission statement: ‘A succinct, easy-to-remember statement that provides direction for one’s life. ’ Here is an example of a very short mission statement developed from the sample vision statement quoted above: ‘I am committed to living in accordance with my faith in God, maintaining a happy marriage, and being a loving and supportive parent. In my professional life, I seek to empower high school students by providing quality teaching while adhering to my religious principles. I want to live a simple life style. ’ Note that a mission statement may be lengthier if desired, but brevity is important. During this process it is critical to ensure consistency between values, the vision statement, and the mission statement. If these three components are not consistent, it is not possible to devise a workable plan. † To get you thinking about the development of your mission statement, please spend some time thinking about the following questions: Why are you here today? What are the life values that you hold most near to your heart? What is it you are most passionate about? What hopes do you have for your UW experience? What hopes do you have for your life beyond the UW? The answers you develop through these activities and exercises will be the basis of your personal mission and vision statement. Most are 1 page or less in length. We also see this mission statement as highly fluid. As you continue your education, we hope that some of your initial ideas and longings remain the same and we also hope that you will be changed. To this end, the personal mission statement is a malleable document that begins today, will be submitted formally at the end of the seminar, and will continue to represent you and your becoming while at the UW. The following worksheets are a guide to help you answer some of those significant questions in an organized format. Creating or Revising Your Personal Vision[2] by Dr. Linda Phillips-Jones It’s good to create or revise the â€Å"personal vision† you have for your life. A compelling vision can help you succeed, be more satisfied with your life, and get the most out of your all relationships and experiences. Following is a tool for doing that. Importance of Having a Personal Vision Numerous experts on leadership and personal development emphasize how vital it is for you to craft your own personal vision for your life. Warren Bennis, Stephen Covey, Peter Senge, and others point out that a powerful vision can help you succeed far beyond where you’d be without one. That vision can propel you and inspire those around you to reach their own dreams. I’ve learned in my own life and in working as a psychologist that if you don’t identify your vision, others will plan and direct your life for you. I’ve worked with too many individuals who late in their lives said, â€Å"If only. . . .† You don’t have to be one of them. Senge defines vision as what you want to create of yourself and the world around you. What does your vision include? Making a vital change in an area such as health, technology, or the environment? Raising happy, well-adjusted children? Writing a book? Owning your own business? Living on a beach? Being very fit and healthy? Visiting every continent? Helping others with their spiritual development? What are you good at? What do you love to do? What aren’t you good at now, but you’d like to be? All of these important questions are part of identifying your personal vision. |Things I Really Enjoy Doing |What Brings Me Happiness/Joy |The Two Best Moments of My Past |Three Things I’d Do If I Won | | | |Week |the Lottery | | | | | | | | | | | | | |. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |Issues or Causes I Care Deeply |My Most Important Values |Things I Can Do at the |What I’d Like to Stop Doing or | |About |(Circle) |Good-to-Excellent Level |Do as Little as Possible | | |Having integrity | | | | | | | | | |Serving/pleasing a higher being| | | | |or calling | | | | | | | | | |Being fit and healthy | | | | | | | | | |Having a nice home | | | | |and belongings | | | | | | | | | |Leaving the world a better || | | |place | | | | | | | | | |Having fun | | | | | | | | | |Learning and improving myself | | | | | | | | | |Making others’ lives easier or | | | | |more pleasant | | | | | | | | | |Enjoying my family | | | | |Others? (Add) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ———————– [1] The 1995 Annual – Volume 1 Training, Pfeiffer & Company, Sand Diego, CA, p. 63. [2] Printed by permissions from: http://www. mentoringgroup. com/html/articles/mentee_1. html CCC/THE MENTORING GROUP, www. mentoringgroup. com, 13560 Mesa Drive, Grass Valley, CA 95949, USA, Phone: 530. 268. 1146 Fax: 530. 268. 3636 e-mail: info@mentoringgroup. com.

The Foolproof Cbest Test Essay Topics Strategy

The Foolproof Cbest Test Essay Topics Strategy The Secret to Cbest Test Essay Topics The most effective argumentative essay writing service on the web is an organization that gives good quality and very affordable help on argumentative essay and argumentative essay topics. Then the very best approach is place a request I will need to acquire essay papers written. Occasionally, selecting an excellent argumentative essay topics will be quite tough. Choosing excellent essay topics for middle school must be a careful procedure, where a balance needs to be struck between topics that could be too simplistic, more fit for the key school, and choosing argumentative essay topics that might be too elaborate or controversial. Essay examples would vary based on the form of essay you want to write. Presenting The Research Paper Research papers must be presented well to make the best impact. New Ideas Into Cbest Test Essay Topics Never Before Revealed The score report will also have the maximum score obtained. The next FSA ELA Writing Practice Tests are on the FSA portal as. Scores are offered around six weeks following your test date. The Cbest Test Essay Topics Cover Up The free CBEST Writing practice test is especially designed to make sure that the test-taker is knowledgeable about the CBEST and has the ability to understand what things to expect when now is the time to take the Writing part of the CBEST. Our study guide has fun and fast video lessons and quizzes that you may use to prepare for the exam. The use of the on-line practice test is to help familiarize students with the on-line functionalities. All the material in the analysis guide, including every practice question, is intended to engage the important thinking skills which are needed to pass the CBEST Test. 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F. Scott Fitzgerald s The Great Gatsby - 1484 Words

F. Scott Fitzgerald’s the Great Gatsby is a detailed and attentively structured book outlining a tragic love story that revolves around Jay Gatsby, a wealthy yet mysterious man, and the dainty and fragile woman of his dreams, Daisy Buchanan. The story is revealed through the eyes of the narrator, Nick Carraway, who significantly becomes a part of Gatsby s life due to the fact he was harshly involved by him. Throughout the book, it becomes evidentially clear that obsession takes over the personality of Gatsby turning his relationship towards Daisy all the more toxic. Moreover, the obsession that Gatsby accumulates towards Daisy causes severe consequences towards his own life ultimately leading to his own downfall. Overall, Fitzgerald’s†¦show more content†¦He tries to recreate the past in the present and create the once thriving relationship he had with Daisy once again. Throughout the book, it is significantly clear that Gatsby’s obsession for Daisy con trolled his actions. He did everything he possibly could to be noticed by her and to connect with her once more. The first example of this lies within the location of his house itself. Gatsby even states that the reason for purchase of this specific house was to be closer to his one true love, Daisy. On page 83, Jordan Baker says, â€Å"It was a strange coincidence, I said. But it wasn t a coincidence at all. Why not? Gatsby bought that house so that Daisy would be just across the bay.† This quote shows the obsession that Gatsby had for Daisy because of the fact he would move to a certain location just to be that much closer to her. Secondly, the huge and gigantic parties that Gatsby had were no coincidence either. It becomes apparent that the reason Gatsby had those enormous and elaborate parties was in hope of the arrival of Daisy. Jordan Baker even says, â€Å"I think he half expected her to wander into one of his parties, some night,† Ultimately, we see this obsess ive pattern having a restriction on Gatsby s life. He never gave himself the opportunity to socialize because of the craze he had over Daisy, and that s why he is developed as this mysterious and unspoken character.