Verified Document

Evolution Of The Saudi Arabian Term Paper

This situation, combined with the fact that countries from the former Soviet Union produced less oil, made the Western countries to consider Saudi Arabia their main oil supplier. Saudi Arabia responded to the increased interest showed by the West by expanding its capacity plan for the oil industry. As a consequence, the largest Saudi Arabian companies in the industry increased their domestic crude oil capacity. These companies also invested in quality, not just in quantity. Although the country's economic relationships with the West significantly intensified, Saudi Arabia improved its regional trade sector by addressing markets like Iran, Central Asia, South Asia, and Kuwait.

However, the country was significantly affected by the Persian Gulf War. As a result of the war, the country's government finances were reduced. Not even the substantial revenues...

The country was forced to borrow money from international organizations and to reduce subventions to government companies.
The price of the oil affects companies as much as it affects individuals. This is because the increase in the price of oil is likely to attract price increases in most categories of products, because of increased transportation costs. The solution to this problem is represented by alternative sources of energy. But their high cost determines individuals to avoid such sources of energy, which means that countries like Saudi Arabia are likely to continue to benefit from their strategic position as important oil suppliers.

Reference list:

1. The Economy (2010). U.S. Library of Congress. Retrieved January 21, 2011 from http://countrystudies.us/saudi-arabia/34.htm.

Sources used in this document:
Reference list:

1. The Economy (2010). U.S. Library of Congress. Retrieved January 21, 2011 from http://countrystudies.us/saudi-arabia/34.htm.
Cite this Document:
Copy Bibliography Citation

Related Documents

History Sama Saudi Arabian Monetary Agency
Words: 837 Length: 3 Document Type: Essay

SAMA Historical evolution of functional responsibilities of SAMA History of SAMA (Saudi Arabian Monetary Agency) The Saudi Arabian Monetary Agency (SAMA) was established on October 4th, 1952 and is headquartered at Riyadh, Saudi Arabia. SAMA operates as the central bank of the Kingdom of Saudi Arabia (KSA). Before setting up the Saudi Arabian Monetary Agency, KSA utilized the service of Saudi Hollandi Bank as the central agency to keep the governments gold reserves.

Context of Saudi Street Art
Words: 3679 Length: 13 Document Type: Research Paper

Indeed, the national flag was the British Union Jack with a swastika in the middle of it. The story is that V, a prior victim of the plague, seeks to usurp the government through a combined effort of eliciting the people's help (which happens at the end of the movie), the assassination of the leader (known as the Chancellor) and the destruction of the Parliament building by using a

Social Commerce in Saudi Arabia
Words: 4858 Length: 14 Document Type: Research Proposal

Social Commerce in Saudi Arabia: How the Social Media Affect the E-Commerce in Saudi Arabia SOCIAL COMMERCE IN SAUDI ARABIA Conceptual Framework Model Social Media Psychological Aspect and Theories Administration Digital Divide in Saudi Arabia Ethos, Religious conviction, and Government in E-commerce Adoption The Rise of the PR Industry in Saudi Arabia Conceptual Model and Research Hypothesis (Drawing) Research Contribution Social Commerce in Saudi Arabia Modern Saudi Arabia today actually represents an exceptional and convergent mixture of social conservatism and technological ability,

Healthcare in Saudi Arabia Project
Words: 13191 Length: 40 Document Type: Research Proposal

Lack of accountability, transparency and integrity, ineffectiveness, inefficiency and unresponsiveness to human development remain problematic (UNDP). Poverty remains endemic in most Gulf States with health care and opportunities for quality education poor or unavailable, degraded habitats including urban pollution and poor soil conditions from inappropriate farming practices. Social safety nets are also entirely inadequate and all form part of the nexus of poverty that is widely prevalent in Gulf countries.

Baseline Tectonics of the Arabian Plate
Words: 1813 Length: 6 Document Type: Term Paper

Pan-African Cratonization (about 800 to 680 Ma) Nehlig et al. (2002) conducted a study to review the Pan-African evolution of the Arabian Shield on the premise that new perspectives on the geologic history and structural evolution on the Arabian Shield had emerged. These new perspectives were brought by the extensive fieldwork as well as synthesis and review of structural, aeromagnetic, geochemical, geologic, and geochronological data. The geologic evolution of the Arabian

Consumer Behavior Toward E-Banking Applied
Words: 5831 Length: 21 Document Type: Dissertation

" (Al-Ghaith, Sanzogni, and Sandhu, 2010) With a focus on Saudi Arabia it is reported that there is "no reliable local production in the fields of software or the hardware. The increased demand for ICTs is met by acquiring overseas technologies. The trend towards increased reliance on ICTs by the Saudi people, in particular computers and internet services, is one of the highest when compared with other developing countries; however it is

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now