Kuwait Sample

Summary of Kuwait's macroeconomic performance

Kuwait much like most of the developed world has undergone significant change. This change has occurred in both social and economic matters. Aspects that once plagued the nation are now being abated by policies that increase productivity and enhance economic activity. Much work still remains for the nation however, as disparate views often conflict with proper policy. After Kuwait gained independence from the United Kingdom in 1961, the state's oil industry saw unprecedented economic growth. Oil production during the following decades nearly doubled. Oil during these periods, was primarily exported to other developed nations including the United States and Japan. As time passed, Kuwait gained a strong competitive advantage in oil and petroleum-based products. This advantage, ultimately allowed the country to flourish during the 1980's and 90's. However, as will be discussed later in the document, economic concentration of petroleum-based products created a...
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