Essay on Comparison between Panama and the United Arab Emirates

Egypt uses the Nile as the main water source to grow crops and to have irrigation systems. With large irrigation systems, it is economically advanced and very important since Egypt is mostly a desert. The Nile is not only used for trade routes it is also used for caravans or transporting animals. Animals can rest along the river with the people and drink the water without having to go out of their way. The Aral sea is used for irrigation of crops which is very economically friendly. The Panama Canal is very important in economics because there are two lands that are very close and the Panama Canal connects them. This means an easy trade route and it is even thought that more easy and efficient trade route patterns were started there because of the close lands. Straits, in general, are very economically useful. They create easy and cost-efficient trade routes to nearby land. Like the strait of Malacca. This strait was one of the first large-scale trade routes using a strait. This helped developed more routes and the economy was positively affected by

Panama’s exchange rate regime is fixed to the US Dollar (Exhibit 6). The fixed exchange rate to the US dollar has influenced the success of Panamas economy. For this, Panama is one of the world’s top retirement countries, since there is no exchange risk for US dollars. As far as Panama using the dollar as its currency, it also contributes to Panamas low inflation rate 2.6% (Panamas Economy) and its status as one of the most stable economies in Latin America. Panama is

Historically, slaves brought from Africa became prominent actors in colonial Panama society. They took the place of indigenous people in almost all the rigorous labor, particularly, in the Zona de Tránsito. They became the dominant group demographically, and aided Spaniard in the construction of colonial buildings, complying and obeying to the European culture, and carrying out various jobs (Calvo, 3).

Seven different Muslim nations decided to join under one banner. While they retain their names, together they call themselves the United Arab Emirates (UAE). A nation of approximately 5,927,482 people, and the size of the state of Indiana, it is no wonder why they are comprised of many nationalities. Investigating this nation’s culture has been an enlightening experience. Furthermore, understanding this sovereign states government, culture, and its rich ties to the United States of America, helps to define why both nations come together to defeat terrorism with combined air defense.

Resources such as copper, coal, mahogany forests, shrimp, and hydropower are easily found in Panama. The country needs more sanitary actions as there is not much clean water for people to use and drink. The Panama Canal, banks, insurance, tourism, etc. helps to allow their economy to grow. About 5.5% of the population are unemployed as of 2017. The Colón Free Trade Zone is where goods can be imported, exported, and made. This is about 10% of how much money the economy earns. Panama mostly trades with the United States, Venezuela, and Ecuador. The amount of poverty is decreasing but about a quarter of the population lives in poverty. Panama City flourishes well. The Panama Canal is planning to have the largest sized ships to use the waterway. Ships that are about 8 feet wider will be allowed to sail through the canal starting on June 1. This allows all of the ships to become larger and carry more containers. More than 2 billion dollars will be spent on the project of satisfying the needs of the newer ships being built and the ones that are going through the canal

The earth has seven continents, which are Africa, Asia, Europe, Antarctica, Australia, South America and North America. Today, some people prefer to spend their vacation abroad. Those people think for a month or two weeks about a country that they would to visit because almost all countries are unique. Some people try to get enough information about a country before they are going to travel to avoid problems. Furthermore, each country has its special aspects for instance, customs and traditions. Some countries around the world share some similarities between them. Even though the United States shares some similarities with the United Arab Emirates, there are many differences that completely differ

In order to further understand the previously stated economic growth factors, let’s compare and analyse Panama and Nicaragua’s economic growth indicators for the period comprehended between 1990 and 2010. According to World Bank’s World Development Indicators (WDI), in terms of research and development expenditure (% of GDP), Panama accounts with an average annual level of 0.29%, while Nicaragua accounts with an embarrassing 0.065%. Nicaragua’s low expenditure in research and development has potentially harmed the spread of technology across its markets. The average annual exports of goods and services (% of GDP) for Panama is 81.12% and for Nicaragua 26.56. Consernign the net inflows of

For Massimiliano Cali (2016) Lebanese exports increases since the beginning of the Syrian war which increases economic development because of:

Kuwait is a small Arab country in western Asia; compose of about 4.09 million inhabitants. Even though it is a small country, it is the 8th richest country in the world per capita. The country is a constitutional monarchy, governed by the al-Sabah family. Kuwait offers an open competitive and wealthy market for consumer goods and project exports. We will be examining the country’s major imports and exports and its changes over the decade, trade barriers, and trade agreements their in.

The economy in the United Arab Emirates has experienced substantial increases in the last 40 years. The UAE’s capabilities with the pearling and oil industries have given the region its necessary budgets to expand so rapidly. The economic policies in the UAE have gone through stages, since the birth of the region in 1971. Changes in economic welfare of the markets, and privatization policies are also key aspects in understanding the UAE’s economic liberalization and growth. In order to understand the UAE’s economic standard, economic liberalization must be analyzed. The argument of this paper will discuss how economic liberalization has occurred in the United Arab Emirates and is continuing to grow.

Before finding oil, the United Arab Emirates was a poor nation and their economy relied heavily on fishing and a declining pearl industry (BBC, 2015). After offshore petroleum was discovered in 1966, the oil industry’s

This positioned the country to have bordering countries such as Saudi Arabia to the southwest, Qatar and Iran in the north, and Oman in the east. This enhances the United Arab Emirates trading with neighboring countries which led to a positive effect on the economy. Yet, the sandy and barren city strives to improve their economic standing each and every day.

The purpose of this assignment is designed on analysing macroeconomic indicators of two countries: Italy and United Arab Emirates. Considering contribution made by the oil and gas industry to the economic performance of an economy; assessing the role of both domestic and foreign factors/policies influencing the economic situation, analysing the fluctuations made in the economic performance over time period reflecting from 2010 to 2014, depending on the data available in Thomson Reuters Database. Considering the indicators such as inflation rates and balance of payments, with a particular attention made to the oil and gas markets and impacts, considering all reviewed economic indicators.

For well over a century, due to a need for protection against piracy, the British controlled a majority of what was the Trucial States; a pact between these countries was to become the Treaty of Peace. However, in the 1950s one of the Trucial States, the United Arab Emirates (UAE), discovered oil on their lands. The UAE is a Middle Eastern country located in the Arabian Peninsula, which borders Oman and Saudi Arabia. In recent years, they have become one of the world leaders in exports, entertainment and military development. Nevertheless, the British pulled out of the region in 1971 due to the inability to afford such a prolonged stint at sea against the wishes of the UAE needing continued protection. Despite the British departing

To sum up, the UAE exports to KSA are increasing dramatically, while the UAE imports from KSA starts showing a decrease pattern. Thus, it is expected that the trade balance is heading toward a surplus in the near future. To reach this trade surplus, the UAE economics decision maker should consider the factors affecting the trade balance. The exchange rates are one of those factors. Therefore, the UAE should observe the dollar performance in the market. If the dollar keeps going down, they should reconsider pegging the dollar to the emirate dirham.  It is suggested that they change from fixed pegging to move pegging like China. Another factor is the trade agreement and trade barriers. It is suggested that both KSA and UAE agree on reducing the barriers of entry to the market. However, at immature industries such as the petrochemical and plastic industry, it is better to keep entering Saudi 's firms into UAE market restricted because UAE is new to the plastic industry "Borouge established in 1998" . This restriction will protect domestic producers. On the other hand, UAE should convince the Saudis to open their market for UAE firms that are well experienced like communication firms such as