Economic development of the countries after SAP Essay

Economic culture of the countries after SAP - Essay ExampleThe base describes economical reform in some countries. Oman, which is also an crude based deliverance, opened itself to world shift during 1970. Economic reforms implemented in Oman focused on increasing public expense by spending on health, education and welfare provision. Reforms based on development and modernizations were also implemented. These included developing the economys infrastructure by building roads, providing low cost housing and building hospitals. Though Omans main economic strength has been oil production, it started focusing on other things like tourism and development of natural gas reserves after the oil price slump adversely affected its economy. The oecumenical trends of the economic reforms implemented in Oman has been geared towards making the country better off in name of economic and financial stability, increasing the skill level of their labor force and diversifying its income sources by investing in avenues other than oil production to decrease singular dependency on oil production. The UAE has gained a warm amount of economic progress due to the economic reforms implemented in the country as pull up stakes of SAP. However, economic trends in the UAE ache been erratic to a large extent with regard to its economic cycles of booms and recessions, wealth, preference reserves, international relations and its struggle to meet challenges that came up over the years. Some particular struggles that the UAE faced have been to do with issues of governance, relating particularly to the adequate management of resources, socioeconomic stability etc., implementation of democracy, domestic and foreign telephone circuit and overall economic stability and security. The UAE has been particularly interested in working to overcome these challenges by implementing economic policies and taking on measures of economic development. The economy has allowed for immense expenditure on developing its infrastructure, its real landed estate market and its leisure and tourism sectors. Kuwait is an economy that also has oil reserves that it manages on its own. anoint production in Kuwait is expected to increase and the economy is, therefore, spending big money on upgrading and expanding its oil refineries. Kuwait also has a sophisticated financial market and a well highly-developed banking system to its added advantage thus, areas of development in Kuwait apart from the money spent to manage oil resources are centered around the financial industry, most particularly concerning the financial system itself, securities traded, stability of the market and introducing innovative measures to maintain a competitive edge over other financial markets. South Korea has non done as well as the other countries mentioned as a result of the implementation of SAPs. It make huge investments