LEARN MORE...

Access Millions of academic & study documents

Saudi Arabia and Globalization Essay

Content type
User Generated
Subject
Global Studies
Type
Essay
Showing Page:
1/2
Running Head: SAUDI ARABIA AND GLOBALIZATION 1
Saudi Arabia and Globalization
Globalization has excellent benefits to economies of individual countries around the
world by facilitating large and efficient markets, increasing competition, sharing of wealth
more equally and reducing military conflicts around the world. Saudi Arabia’s economy has
experienced high growth as the world interconnects and integrates into a global village by the
connectivity of communication, transport, and trade. Since Saudi Arabia was opened to the
worldwide market, the economy of the country has since ever been growing rapidly.
After the discovery of oil in Saudi Arabia, the country was opened to the global
market as they searched for consumers to their products. As the oil market increased globally,
it has as well facilitated economic development which was not experienced before (Kandil,
2017). Modern buildings for both residential and commercial functions such as industries and
other businesses started coming up which also led to necessity for the development of good
transport systems. Foreign investors in the country have led to increased gross domestic
products in the country as well as providing competition for produced goods leading to a fast-
growing economy. However, foreign investors and multinational companies have made it
difficult for small companies to grow in the country (Bremmer, 2014).
Conclusively, globalization has led to the growth of Saudi’s economy through
exposure to foreign investors and the global market for the oil products. The kingdoms vision
2030 has influenced the development of companies by reducing their economies depend on
oil and boosting private sector investment. Moreover, it aims at social liberalization to enable

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/2

Sign up to view the full document!

lock_open Sign Up
Unformatted Attachment Preview
Running Head: SAUDI ARABIA AND GLOBALIZATION 1 Saudi Arabia and Globalization Globalization has excellent benefits to economies of individual countries around the world by facilitating large and efficient markets, increasing competition, sharing of wealth more equally and reducing military conflicts around the world. Saudi Arabia’s economy has experienced high growth as the world interconnects and integrates into a global village by the connectivity of communication, transport, and trade. Since Saudi Arabia was opened to the worldwide market, the economy of the country has since ever been ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Similar Documents

Capella University Antecedents Discussion
Indirect assessments derive from recollections, reconstructions or subjective ratings of events. Examples of indirect asse...
Korean movie reflection combine with certain thoughts
Watch Korean movie Spring, Summer, Fall, Winter... and SpringTaking into account what we have learnt about Korean cinema t...
University of Southern Mississippi Policy About Cyberbullying Discussion
You have been hired to write a policy to address the cyberbullying that has taken place in your town. Watch the video bel...
The Nadir of Race Relations Analysis
E-Reader Assignment The student will select any 5  Primary Articles or Documents and 5 Secondary Articles or Document...
SSDA 320A Norwich University Information Operations Questions
Question: Part 1: Defensive IO consists of what elements and capabilities? What is the Defensive IO Process and how...
Descartess Claim I Can Doubt All Sensory Impressions Discussion
Engage in an extended argument (for or against) with one of Descartes's claims.   For instance: engage his claim that...
Need A Paper Written On Screenplay Oedipus The King
Fate is the development of events in one’s life beyond his or her control. Often, fate is used in mythical stories to pr...
Introduction To History.edited
I will settle on Black Lives Matter protests for my final project, which basically is a movement that protests against pol...
State Of Political Reality
State of political reality refers to the deviation between actual state of politics and ideal state of politics. Assuming ...