Literature Review Examining the Impact of Oil Resources Availability Essay

Literature Review Examining the Impact of Oil Resources Availability on Economic Growth in An Oil-Based Economy with reference to Saudi Arabia - Essay Example the case of Saudi Arabia, the availability of rich oil resources has brought untold affluence to this tiny nation, however despite this, economic growth has been slow since the eighties and there has been increasing unemployment, with the unemployment rate among young Saudis estimated to be between 8 to 13 percent. The question of how such a situation could have developed in a country rich in natural oil resources is examined below. The Petroleum Sector in Saudi Arabia comprises roughly 75% of budget revenues, 45% of its GDP and 90% of its export earnings (www.e.wikipedia.org). Saudi oil reserves are estimated to be the largest in the world – about 260 billion barrels - and the country is the world’s largest exporter, with oil comprising 95% of the country’s exports and almost 75% of government revenues (www.en.wikipedia.org). In view of the country’s heavy dependence on oil, the Government has recently begun to encourage more development in the private sector, including in the power generation and telecom sectors. Saudi Arabia has also joined the WTO in 2005, in order to enhance its trading, diversify its economy and attract a higher proportion of foreign investment. The Government has also been spending larger amounts on infrastructure development, job training and education. Oil was first discovered in Saudi Arabia in the 1930’s, by U.S. geologists. Oil production in Saudi Arabia soared in the 60s and gave rise to a period of strong economic development which continued into the 1970s.(www.en.wikipedia.org). During the Seventies, there was an oil boom and the Gross Domestic Product per capita of Saudi Arabia soared, reaching a figure of 1,858%, however such growth was unsustainable and shrank to 58% in the eighties, although it has registered a 20% increase in the nineties.(www.earthtrends.wri.org) Most of the oil in the country is produced on behalf of the Saudi Government by a single Company, Saudi ARAMCO. After the 1973 Arab Israeli war, there

Critical analysis of the process of deconstructing an organisation in Essay

Critical analysis of the process of deconstructing an organisation in such a way as to be able to identify the organisations strategy and policy - Essay Example In the first one, the literature published by the organization in the form of reports and analysis is deconstructed to find out the emphasis and to interpret what it excludes. In addition to the texts of the organization, the symbols can also be deconstructed to find the inner meaning. The second approach is that the deconstruction enables us to write the organizational analysis. The main motive is to understand the theme of the context and how these are employed to understand the inner meanings of the texts. The texts interpret what the organizations do not want to talk about. The deconstruction process helps in the evaluation of the motives of the company. The process of deconstruction has not assumed popularity because it puts in question the integrity of the management and its publications. (Thorpe & Holt, 2008; Pp 71-72) However, the efficiency of the process cannot be questioned in the analysis of the company. The paper will discuss the process of deconstruction in the understa nding of the strategy and policy of the organization. As stated earlier, deconstruction as a process or an analytical tool has not assumed the popularity like the other analytical tools. This is because the deconstruction process emphasizes on the analysis of the inner meanings. Deconstruction as a process is based on the texts and the symbols of the organization. The texts and the symbols are analyzed to reveal the inner meaning. The deconstruction analysis is based on the observation of the organizations as bodies of texts. The organizations are not viewed as static entities and they are viewed as some structure, which have some inherent meaning. True to the deconstruction theory of philosophy, the texts of the organizations have inner meaning that reveals some important information about the organizations. The base of the deconstruction process is based on the observation of the texts of the

The growth of China 2008 to 2013 impact on the U.S. economy Research Paper

The growth of China 2008 to 2013 impact on the U.S. economy - Research Paper Example With the main aim of ensuring recovery after the recession of 2008, the country has managed to record tremendous growth, particularly in the gross domestic product (GDP), which is used by its leaders in the benchmarking of the economy’s performance. In this study, I seek to address the concept of economic growth in China from a macroeconomic point of view, and how the same impacts on the US economy from a macroeconomic point of view (Chuang & Thomas, 2010; Morrison, 2013). The economy of China has been considered as one of the fastest growing economies in the world taking into consideration its real annual gross domestic product (GDP) that has averagely grown to 10% in the year 2013. As such, China is regarded as a main global power in trade. The other economic achievements in China that make its economy to be growing faster is that fact that it is the largest manufacturer, the largest trading economy, the second-largest foreign direct investment (FDI) destination and the only country holding the largest number of foreign exchange reserves (Calhoun & Derluguian, 2011). Within a span of only three decades beginning the year 1979, the rapidness in the economic rise of China can be considered as one of the major and the greatest success stories economically. However, this rating cannot be merited to that of the U.S.A considering that it has a lower per capita value as compared to the US (Gordon, 2008). However, in the year 2008, China’s economic growth was adversely affected by the recession considering that significant declines were noted in its exports, FDI inflows and imports. Consequently, there was a slowed growth in the country’s GDP and a large number of the working population lost their jobs through forced retrenchments and early retirements. From the angle of macroeconomics, it can be said that the recession affected households, businesses and the public

Two high school teachers Essay Example | Topics and Well Written Essays - 750 words

Two high school teachers - Essay Example gh school teachers is the same that is guiding and educating the students; despite of this, their way of teaching, giving instructions and their relationship with the students is very different. Both the teachers are excellent at their job but their methodologies of teaching differ from each other. My Maths teacher places greater emphasis on class work and ensures that all students complete the work taught in class there and then. She does not burden the students with homework. Instead, her stress is more on regularly testing the students and she conducts class tests every week. This is a method used by her to make sure that the students study at home and practice for the tests. She does not overburden the students by giving them too much of homework and conducting tests at the same time. On the other hand, my English teacher tries to spend greater time in class to explain and teach the students and answer their queries. He does not provide much work in class. But he ensures that the students are given regular homework. He does not conduct regular class tests but rather he takes monthly tests. He follows this pattern so that the students gain the maximum in class and revise the subject while doing the homework. Both the teachers try that their students gain the maximal knowledge, but their instructional goals are different; such as the student’s grade, what they would like their students to learn, and what a successful future is for the students. It is the goal of every teacher to make their students learn new things and to enhance their knowledge but their approaches vary. My English teacher focuses on helping the students improve in their weak points rather than only focusing on their strengths. He wants us to improve ourselves not just in a particular sector but to be all-rounders. According to him, our successful future depends on not just being book-worms or getting high grades but also being intellectual and smart. He expects us to have clear concepts

Business and economy of contemporary china Essay

Business and economy of contemporary china - Essay Example During the 1950s to 1970s, the government seemed to be in control of the matter but in the early 80s, there was an increase in the number of missing women. Moreover, most institutions and government bodies linked this with the introduction of the one-child policy that is still there today. Naturally, the implementation of this initiative is an effort to control the increased population growth. People that get more than one-child face the set penalties of reduced salaries and limited access to social facilities; however, this takes place after the children are born. In the 1980s, the one-child policy did not work of well because the ratio of male to female was not proportionate leading to the allowance of a second child for families that lived in rural areas. However, this was only if the first-born child was a girl. The government supported this policy for a while but in the late 1990’s the World Health Organization intervened due to a significant number of missing women because of abandonment (Lehmann 2013). Generally, the current abandonment of girls and disabled children has its history with the only difference being the causes and implications for the different periods (Milson 2014). All the same, it has a been an economic and social problem for over fifty years and the different tactics implemented to counter this always end up failing. Significantly, China is in record for having the biggest imbalance between men and women in its population because of the abandonment of infant females that fairly contributes to the increased mortality rate. On the other hand, there are more men in China than any other state in the world, creating more gender issues for the nation. Some of the implications of female and disabled children abandonment include the popular abduction and slave trade market (Young 2014). Today, people refer to the different venues as

Analysis Of The Activity Of Louis Vuitton Company Essay - 4

Analysis Of The Activity Of Louis Vuitton Company - Essay Example PESTEL stands for factors which may affect the operations of the business such as political, economic, social, technological, environmental as well as legal factors (Lancaster & Reynolds 1999). These are explained in detail below and Appendix 1 shows a summary of the major points noted. This is a very useful tool for analyzing the environment in which an organization operates. It can be noted that there are various factors that affect the operations of any given organization and these have to be taken into consideration by an organization that is serious about its viability so as to achieve competitive advantage (Kottler 1999). Any given organization is guided by certain factors that so as to ensure that it does not violate the needs and interests of the consumers as well as the other stakeholders. Political In the UK, there are policies that govern the operations of all organizations that are involved in the manufacturing of different products so as to meet the expected standards. Consumer law in the UK is effective and under the EU law, every big organization like Louis Vuitton is expected to protect the needs and interests of the customers. It can be noted that the current political environment prevailing in the EU is not exploitative which is seen as the reason why exclusive manufactures like Louis Vuitton continue enjoying growth and expansion since inception to the present day. Economic factors The organization has not been spared by the impacts of the recent global economic recession though it managed to bounce back in the first half of 2010. By virtue of specializing in producing only exclusive products with premium prices, the operations of the organization are likely to be affected during turbulent times given that premium prices charged are specifically meant for a few people who can shift their buying behavior which negatively impacts on the operations of the organization as a whole. However, LVMH- Louis Vuitton harnesses on its resilience and responsiveness even during the most difficult trying times.

Self-Assessment Essay Example for Free

Self-Assessment Essay This document contains the template you will use to complete this assignment. Save the file by adding your last name to the filename (e.g. Week2_Self_Assessment_Template_Smith.docx). Be sure to proofread and spell check your work before you submit it. A grading rubric is also available at the end of this document. There are FOUR parts to the Self-Assessment. Part 1: Reflect on your results from the self-assessment exercises you’ve done from the textbook, as well as others you might have done in the past, and complete the table below. Review current or past jobs to identify your transferable skills. Develop an inventory of your most marketable career-related skills (minimum 15), instances where you have demonstrated these skills (minimum three), and the core values you want your work to reflect (minimum five). Take into consideration the traits employers are seeking, including technical and transferable skills and general abilities. (30 POINTS) SELF-ASSESSMENT EXERCISES MY RESULTS I completed the following assessments/inventories as part of my self-assessment activities: 1.Marketing Readiness Quiz 2.Self-Awareness Checklist 3.Ability Assessment 4.Personality Check 5.Transferable Skills Checklist 6.Work Environment and Preferences My most marketable career-related skills are . . . (minimum 15) (Remember to include technical and transferable skills on this list!) 1.Microsoft Word proficiency 2.Social Skills 3.Organization 4.Ability to delegate 5. Microsoft Excel proficiency 6.Ability to lead and motivate peers 7.Responsibility 8.Hard working nature and perseverance 9.Technical abilities 10.Fast ability to learn 11.Ability to handle high stress situation 12.Timeliness 13.Efficiency at completing task at hand 14.Neatness 15.Ability to interact positively with many people Examples of instances where I have demonstrated these skills include . . . (minimum 3) 1.past jobs involving computer skills 2.past jobs involving social interactions 3.past jobs in which I have had leadership responsibilities Core values I want my work to reflect are . . . (minimum 5) 1.Honesty 2.Integrity 3.Reliability 4.Dependability 5.Trustworthiness Part 2: Describe your ideal job. (20 POINTS) MY IDEAL JOB In my ideal job, I would be . . . (state what you see yourself doing as part of your ideal job) In a position in which I hold a leadership position so I could use my skills in a positive way to lead and manage other employees to motivate them to produce the best work possible. I am not particular concerned about the specific industry in which I would be working, as long as I have the ability to use all of my technical skills in a productive way. All in all, my ideal job is one in which I feel productive and making a positive difference on the organization because I want my skills and talents to be put to a productive use. Part 3: Identify your one-, two-, and five-year career goals, create a list of possible employers of choice in your career field (minimum 3), possible job titles for your one-, two-, and five-year goals (one for each goal), and current salary ranges for those job  titles. (30 POINTS) CAREER GOALS Career Goals Potential Employers (minimum 3) Possible Job Titles (minimum 3) Current Salary Ranges (for each job title) My one-year career goal is . . . (state your goal here) 1. Cameron 2. Hewlett-Packard 3. HCL Technologies 1.Network Engineer 2.Network Technician 3.Network Administrator 1.$48-70k 2.$40-55k 3.$42-66k My two-year career goal is . . . (state your goal here) 1. Exelon Corporation 2. Rockwell Automation 3. Marathon Oil 1.Network Analyst 2.Electronics Technician 3.Production Engineer 1.$40-90k 2.$31-53k 3.$48-71k My five-year career goal is . . . (state your goal here) 1.FMC Technologies 2.Emerson 3.G.E 1. Electrical Engineer 2. Senior Engineering Technician 3. Controls Engineer 1.$51-100k 2.$47-83k 3.$76-123k Part 4: Provide a summary of what you have learned about yourself and the characteristics of your dream job as a result of the reflection and research you have done as part of this assignment (minimum 100 words). (20 POINTS) MY LEARNINGS I have learned a great deal about myself and the characteristics of my dream job as a result of the reflection and research that I have done as part of this assignment. I have realized that the most important thing to me is the ability to make difference in whatever field I choose to engage. I used to think that I had an interest in a particular industry, but I have realized that my ability to adapt to new situations would make me a viable employee in numerous fields. Therefore, my dream job is not very specific but can be in a variety fields, as long as I can have a positive impact on my employees and the organization. Grading Rubric: Self-Assessment Component Points Part 1: Award full credit if all sections meet minimum requirements. Deduct up to 20 points depending on how incomplete the responses are. No points awarded if the section is not completed. Deduct up to 5 points for spelling and grammatical errors. 30 Part 2: Award full credit if the ideal job is described sufficiently. Deduct up to 10 points for incomplete responses. No points awarded if the section is not completed. Deduct up to 5 points for spelling and grammatical errors. 20 Part 3: Award full credit if all sections meet minimum requirements. Deduct up to 20 points depending on how incomplete the responses are. No points  awarded if the section is not completed. Deduct up to 5 points for spelling and grammatical errors. 30 Part 4: Award full credit if the student has provided a reflective summary of their learnings. Deduct up to 10 points if the response is incomplete. No points awarded if the section is not completed. Deduct up to 5 points for spelling and grammatical errors. 20