Oil was discovered early in the Middle East and has been a leading cause of economic growth for the region. In countries, such as Syria, where oil is not as important they depend on agriculture. Other countries, facing the prospect of oil depletion also depend on agriculture. The economies of Algeria, Bahrain, and Syria depend on oil and agriculture, as well as mining and manufacturing for survival.
While Algeria is one of the wealthiest nations of Africa, declining oil prices reduced the annual income per capita to $1,550 in 1999, down from $2,360 in 1988. Agriculture plays a declining but still important role in the Algerian economy, while mineral production accounts for the largest part of the gross domestic product. Since the late 1960s the government has instituted major industrialization programs. The estimated annual national budget in the early 1990s included $14.4 billion in revenues and $14.6 billion in expenditures. Gross domestic product, which measures the total value of goods and services produced, was $47.9 billion in 1999.
Algeria ranks fifth in natural gases in 14th in oil reserves for the whole world. In Algeria the export of oil and gas began in 1958. The hydrocarbons sector of the industry is the main source of government revenue. This also accounts for 90% of the country's exports. .
During President Boumedienne's period in office the 1976 National Charter established government control over all sectors of the economy as a form of socialism. Nonetheless, the charter was scrapped due to economic difficulties. This has led to excessive borrowing from international lenders in order to keep the industry afloat. .
In 1992 the government initiated an austerity program. They prohibited the import of luxury items and introduced many new taxes. This program was approved by Algeria's main source for external financing, the International Monetary Fund. .
In 1995 the IMF loaned $1.
The US economy is definitely struggling, currently. ... This means that there will be some changes in the US economic outlook for American families. ... Looking at the big picture, the economy is slowly improving. ... For most Americans, the outlook is generally positive. ... There are many factors playing roles in the status of our US economy. ...
A token economy is a technique used by therapists to reward patients. ... Some of the disadvantages of token economies are: they have only short-term goals, it can get costly, potential for abusing the system, and it's hard to modify an already established token economy. Tolman High School should implement token economies for its at-risk students. ... It would be beneficial for Tolman High School's at-risk students because this might change their outlook on themselves and on learning in general. Token economies work well as a behavior modification tool. ...
World TRADE OUTLOOK FOR 2002 On the stage of world trade, it is necessary to mention the negative effects of the September 11th attacks on the inter-global economy. ... Overall economists are predicting a slow-down in economy, worldwide. ... The fate of the world's economy rests in the consumers" hands. ... This changeover from a completely controlled foreign-trade economy to a free-market, capitalist economy is nothing short of drastic. ... However, I believe that the world economy is no state of crisis. ...
Abstract: There are mixed views as to the current state of our economy. ... While the economic outlook may be bleak for some, the Federal Reserve sees a brighter picture toward our economy's long-term growth. ... It is amazing that a company such as Enron can stir such commotion within our economy. ... If it weren't for very low consumer confidence levels, our economy's outlook would be much brighter. ... This is due to the FOMC's positive outlook of our economy's long-term health, as well as its uncertainty as to exactly when our economy will reach a desired...
The Federal Reserve acknowledges that the U.S. economy is improving but they are making no efforts to raise interest rates at this time. ... Analysts explain that the Fed kept the interest rates low because "the gap between the economy's actual performance and its potential is so large that short-term interest rates should be extremely low," and after time it will take up the slack in the economy. ... Some analyst expected the committee to be more positive of the economic outlook and because of the recent improvement in labor market, some argue that the outlook is strong enough for the ...
This led to a great change in the economy. ... Running on the basis that he would clean up the economy, he has been met with many naysayers. ... Also in 1994, the government moved away from the state based economy that had been used for years in favor of a market oriented economy through a series of constitutional reforms. ... The economy was most hurt when neighboring countries began to suffer economic setbacks. ... The law was designed to boost the economy out of the large amount of debt it had accrued over the years. ...
The 2003 World Energy Investment Outlook report, which explores the need for enormous energy capital by the year 2030, demonstrates the laws of supply and demand. The laws of supply and demand demonstrate how the free market economy works. The law of supply demonstrates that in a free market economy, an increase in prices will increase the quantity demanded; the law of demand demonstrates that in a free market economy, an increase in prices will decrease the quantity demanded. ... The World Energy Investment Outlook report predicts that because of increasing reliance on conventional energy, ...
While students are struggling to get a degree, one big factor that plays into finding a job is the economy. If the economy is not doing so well then there will probably be a decline in the job outlook. ... Whereas the social science degree doesn't pay much in my opinion, and if the economy is down then your really in trouble. So with getting a degree a student must also worry about how the economy will effect their job outlook. ...
