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Globalization Of Qussia

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YEMEN
Introducing Yemen
The modern Republic of Yemen is a relatively new state, it was created after communist South Yemen and traditional North Yemen merged in 1990. The Human Development Index ranked Yemen 154th out of 187 countries in 2014. The poor ranking is a result of low average years of schooling, low per capita income and high population growth. Yemen is currently facing a civil war that started in 2015. The current war is split between those loyal to the internationally recognized government of President Abdrabbuh Mansour Hadi and those allied to the Houthi rebel movement. Since March 2015, more than 7,600 people have been killed and 42,000 injured, the majority in airstrikes by a Saudi-led multinational coalition that backs …show more content…

Formally it was a multi-part system yet in reality it was dominated by one party, the General People’s Congress.

Economic Environment
Currently, Yemen is one of the poorest countries in the Arab World. Yemen has a GDP per capita of US$990 and a population of 28 million. Civil conflict and political turmoil have caused an extreme economic downturn. The continual conflict has increased the banking system’s instability and fragility. The Yemen’s economy values trade, imports and exports together add up to 60% of the country's GDP. The average tariff applied is about 4.1%. The ongoing war however has halted the Yemen’s exports, pressured the currency’s exchange rate, and severely limited food and fuel imports. Before the start of the current conflict, Yemen was severely dependent on declining oil and gas resources for revenue. Oil and gas revenues totaled about 255 of GDP and 65% of government revenue. The low-income country now faces difficult long-term challenges to stabilize their economy.

Investing Climate
Yemen welcomes foreign direct investment in all sectors. Yemen’s qualified workforce and strategic position in the south of the Arabian Peninsula make it an attractive place for investment. Yemen has a natural advantage to attract investments, the tourism sector. Yemen’s diverse topography, varied climates and beautiful

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