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How Can Political Factors Affect Finance In Kuwait?
Finance & Accounting
Pages 15 (3765 words)
How Can Political Factors Affect Finance In Kuwait? Kuwait has a long-term tradition in its parliamentary system. This is because political disputes are not only centered in the government and the royal family but also in the extent of its citizens. …
The wave of democracy in this country is based on the decision to control oil companies. This is because over 35 percent of the world’s energy consumption is based oil fuels. It is believed that the pivotal factor affecting democratization in Kuwait is the production of oil. This is because the entire economy of Kuwait revolves around oil and other hydrocarbons investments. In addition, the government provides security and employment of people because of acceptance in the recent political order. However, it is also clear that royal Al-Sabah family has ruled the country with an iron fist without detaching themselves from the society and its people due to their vast wealth. The factors of democratization engage in recreation, an essential responsibility in the society of Kuwait. This means that the stronger these institutional factors are entrenched into Kuwaiti’s society the more democracy is achieved. Due to these democratic elements, Kuwait is the chosen country of research on how political factors affect finance in Kuwait. The investigative factors in Kuwait go beyond state model. This is because oil factor in this country together with other extreme generous welfares gives the basic reasons why the current state of Kuwait is not developed into a democracy nation. In this research paper, I will investigate how the political system in Kuwait has affected its finance and economy. ...
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