Comparative Economic Research Paper Example | Topics and Well Written Essays - 1250 words

Relative Economic - Research Paper Example The effect of progress in oil costs is legitimately connected to all nations on the planet and since the chose nations are significant players in the market, their monetary conditions direct oil costs in universal markets, subsequently indirectly affect the whole world. The reason for this examination is to consider the general financial and ecological states of different nations in a particular district having comparative land limits, so as to recognize and analyze the impacts of comparative monetary variables on these nations. 'The Sultanate of Oman is arranged on the southeast corner of the Arabian Peninsula and is situated between Latitudes 16 40' and 26 20' North and Longitudes 51 50' and 59 40' East' (Oman Ministry of Tourism, n.d.). Oman controls a little territory on Musandam Peninsula which is connected to Strait of Hormuz. Because of its situation at the mouth of Guld, the nation has a critical key significance (ArabNet, n.d.). Oman's coastline is just about 1,300 miles in length. Absolute zone is 212,460 km2. The atmosphere is hot and dry with normal temperature from 64 to 93 degrees Fahrenheit. Increment in soil saltiness and absence of new water are the stressing factors for government. Saudi Arabia is the biggest nation on the Arabian Peninsula having fringes with Iraq, Jordan, Kuwait, Qatar, Bahrain, Oman, UAE and Yemen. It has Persian Gulf to its upper east and Red Sea to its west. The complete region of Saudi Arabia is 2,149,690 km2, which is very nearly multiple times more noteworthy than Oman. The vast majority of the region is desert, consequently outrageous temperatures are watched. Desertification, consumption of water assets, and waterfront contamination from oil slicks are significant worries for the nation. Desalination plants have been introduced to deal with water lack issue (CIA World Fact Book, 2007). UAE is arranged in the southeast of Arabian Peninsula and has an absolute territory of 83,600 km2, least of the three nations. Like Saudi Arabia, most piece of the nation is desert, thus outrageous temperatures are seen. Absence of common new water assets, desertification, and sea shore contamination from oil slicks are a portion of the significant issues that the nation faces, like Saudi Arabia. 4. People According to July 2006 appraisals, the all out populace of Oman is 3,102,229 with right around 577,000 exiles functioning as non-nationals. As opposed to this, the joined populace of the seven conditions of UAE is 2,602,713, according to 2006 assessments. This shows UAE is all the more thickly populated when contrasted with Oman, because of moderately higher populace living in lesser absolute territory. Saudi Arabia is the most vigorously populated of the three with all out populace of 27,019,273 according to 2006 appraisals (CIA Fact Book, 2007). The populace development rate is most elevated for Oman, and is 3.28%. UAE has the least development pace of the gathering with just 1.52% expansion in populace every year. Populace development rate for Saudi Arabia is 2.18%. In Oman, 75% of the populace in Ibadhi Muslims, and the remainder of 25% incorporate Sunni Muslims, Shi'a Muslims and Hindus. So also, UAE has 96% Muslim occupants (counting 16% Shi'a Muslims), others incorporate Hindus and Christians. Saudi Arabia is the main nation on the planet that has 100% Muslim populace. The official language of Oman is Arabic, yet Eglish, Baluchi, Urdu and Hindi is likewise spoken. The national language of UAE is likewise Arabic however since an enormous bit of populace is non-Arabic, thus English, Persian, Urdu and Hindi