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Saudi Arabia and United States Multinationals: A Partnership in Economic Development

Description: This study has been primarily concerned with the pattern of economic development and the role of the multinational corporations (MNC's) in that process in the Kingdom of Saudi Arabia. Two contrasting theoretical frameworks were adopted to assess the pattern of economic development followed in the Kingdom of Saudi Arabia from 1970 through 1983. The first theoretical perspective is the neoclassical approach to economic development which postulates that the productive resources at the disposal of a country and the institutions developed to guide the prudent use of them are paramount to a balanced development. On the other hand, Hymer's contrasting perspective is based on the Law of Uneven Development. Essentially, Hymer claimed that inequality is built into the growth mechanisms of the present day world capitalist economic system that shapes the international economy through the agency of the multinational corporations. Therefore, any involvement by the MNC's is necessarily hierarchical, and characterized by dominance and dependence as well as wealth and poverty, particularly between the industrial countries of Western Europe and North America and the less developed countries in the Third World societies. Ironically, the Saudi Arabian case shows that Hymer's Law of Uneven Development is questionable. First, instead of the location of a country in the international economic system as the determinant of high standards and even development, the natural endowment translated into surplus capital must be viewed as the key to that process. Second, Saudi Arabian surplus capital was aided by foreign technologies, especially from multinationals based in the United States. In this connection, the MNC's played a positive role through their supplies of skilled manpower and efficient technologies to transform the desert of Saudi Arabia into a world class center of modern infrastructures and industrial complexes. Thus, the intervention of the multinationals in Saudi Arabian economic development has led ...
Date: August 1986
Creator: Al-Babtein, Ahmed
Partner: UNT Libraries

The Relationship Between Domestic Savings and Other Economic Indicators in Korea

Description: This study is an analysis of the relationship between domestic savings and three economic indicators in the Republic of Korea during the 1950s through 1980s. While domestic saving is affected by many economic phenomena, the analysis is confined to national income, exports, and inflation. The study is divided into five chapters. These are entitled (1) Introduction, (2) Domestic Savings, (3) Income and Domestic Savings, (4) Exports and Domestic Savings, (5) Inflation and Domestic Savings. In chapter I, Korea and the Korean economy are introduced, and the scope of the study is stated. Chapter II reviews the related realm of domestic savings: definition, kinds, and determinants of domestic savings. Chapter III presents the relationship between different incomes and domestic savings, and shows non-labor income contributes more powerfully to the formation of domestic savings than labor income. Chapter IV contains effects of exports, and hypothesis testing. The effect of exports suggests that export expansion affects domestic savings positively via an increase in gross national product. Chapter V deals with the correlation between inflation and domestic savings, and its testing. The correlation between inflation and domestic savings is not generally clear except for some specific cases.
Date: August 1986
Creator: Kim, Sunghoo
Partner: UNT Libraries

OPEC: A Sustained Cartel?

Description: The problem with which this paper is concerned is that of examining some ideas and predictions of some American economists about the survival of the Organization of Petroleum Exporting Countries (OPEC). This paper is divided into three parts; the first part includes the introduction, examines the importance of oil, and analyzes the history of the oil industry. This part is composed of Chapters I and II. Part two examines OPEC's formation and objectives and the cartel theory with concentration on OPEC. This part is composed of Chapters III and IV. Part three analyzes some economists' ideas regarding OPEC survival. It examines the economic and political realities of OPEC during the last two decades and discusses its present problems. This paper concludes that OPEC is a strong and sustained cartel.
Date: May 1984
Creator: Zaher, Ghazi
Partner: UNT Libraries

Indigenous Private Enterprise in Nigeria

Description: This study is directed towards the relationship between the economic environment in Nigeria and its indigenous private sector from 1960 to 1980. Nigeria practices mixed capitalism aided by the national government, foreign governments and international agencies. The 1972 and 1977 Indigenization Decrees were passed to eliminate foreigners from certain economic fields to be replaced by Nigerian citizens. The economic environment of Nigeria is less than suitable for the operation of modern business. Roads, telephones, telex services, electricity services, law and order and a few other critical underpinnings of business are inefficiently provided for in the economic system of the country. Despite the unfortunate economic environment Nigerian Entrepreneurs, especially the Ibos, have been particularly industrious. However, indigenous private enterprise in the country has not been especially successful.
Date: May 1984
Creator: Shitah, Chapi Martin
Partner: UNT Libraries

A General Economic Study of Patterns of Government Expenditures in Thailand

Description: An analysis of Thai government expenditures demonstrates that they expanded rapidly between 1900 and 1969, due primarily to rising prices and the extension of government functions, particularly during the post-war period. In contrast, the war effect had little influence on the growth of expenditures. During the period under study, Thai government expenditures were devoted largely to general, social, and economic services, with emphasis on transportation and communication, defense, agriculture, and education. Current expenditures (for defense, education, etc.) represented a higher percentage of total government expenditures than did capital expenditures (for public construction, social services, etc.). In general, the case of Thailand indicates that levels of government expenditure were higher in conjunction with greater emphasis on economic and social development.
Date: August 1984
Creator: Chandraprasert, Poch
Partner: UNT Libraries

The Harambee Movement and its Effects on Kenya's Economic Development

Description: This paper examines the Harambee Movement and how it affected Kenya's economic development. Before 1963 Kenya was a British colony and economic development favored the colonial government. At Independence the new government tried to restructure the economy for the Kenyan people. Recognizing the lack of adequate capital and a rural development program, the movement became a means by which people could provide services for themselves. These services included schools, technical training, water supply and health facilities. Sources of data were books, articles, government publications and papers published by the Institute of Development Studies, Nairobi University. The Harambee Movement flourished in the provision of educational opportunities, clean water supply and health facilities. Problems included planning, coordinating and duplication of services.
Date: May 1984
Creator: Moga, Mary M.
Partner: UNT Libraries

Government Involvement in the Economies of Developed and Developing Countries

Description: Although the government role in the economy has extended to include various sectors of the economy, there are still problems of the causes of government involvement and how such involvement is related to the structure and function of the industrial government. The purpose of this study is to test the government involvement phenomenon both theoretically and empirically. The study compares two approaches to the government theories. The first approach deals with theories of capitalism and focuses on the function of the government methods as they are observed. The second approach deals with theories of the capitalist government and focuses on the functions and the form of the government as deducted from the historical analysis.
Date: December 1982
Creator: Alkhafaji, Abbass F. (Abbass Fadel)
Partner: UNT Libraries

Issues Involving the African Development Bank and its Activities to 1979

Description: This paper examines the economic impact of the African Development Bank on the African continent and compares its resources and those of its counterparts, the Inter-American Development Bank and the Asian Development Bank. The first chapter of the paper discusses the evolution of regional development banks and presents the statements of the problem and the hypothesis of the study. The second chapter analyses the history of the African Development Bank Group, and the .third discusses its lending operations to 1979. The fourth chapter compares the lending activities and resources of the three regional development banks (African, Inter-American, and Asian), and the final chapter presents the paper's conclusions and recommendations.
Date: August 1981
Creator: Agumadu, Lawrence
Partner: UNT Libraries

The Chilean Experience, 1970-1981

Description: The election of a coalition of socialists and communists in 1970 and three years later, the assumption of a military government have led to much controversy around the world. This study attempts to analyze the economic conditions prevailing in Chile from 1970 to 1981. It examines the gradual deterioration of the nation's economy under the Unidad Popular government and the recovery that has taken place with the Junta Militar de Gobierno. The implementation of a market system in 1973 has been effective in bringing the nation out of economic chaos. The balance of payments is under control, inflation has been reduced, and since 1977 the nation's GNP has had an average annual growth of 7.7 per cent.
Date: August 1981
Creator: Mackenna, Leslie R.
Partner: UNT Libraries

The Realities of the Informal Sector in Kenya and its Economic Implications

Description: This thesis is focused on informal sector establishments in Kenya and how they contributes to employment creation, income generation and economic development. The research examines how the informal sector has developed between the years 1986-1989. The study indicates that the informal sector can absorb those people who are unemployed and cannot find jobs in the formal sector. The first chapter describes the definition and interpretation of the informal sector. The discussion of the related .literature, development of the informal sector, politics of the urban informal sector and controversies are described in chapter II. Chapter III describes the regional and sectoral analysis in employment generation. Chapter IV focuses on projections and promotion policies. Concluding remarks and the importance of the informal sector are represented in chapter V.
Date: August 1992
Creator: Onchwari, Erastus O. (Erastus Ondieki)
Partner: UNT Libraries

A Cross-National Study of the Effects of Direct Foreign Investment on the Developmental Process of Developing Countries

Description: Using the assumptions of various schools of thought on development as the theoretical framework, an attempt is made to examine the effects of foreign investment on the socioeconomic growth of 50 developing countries by means of multiple regression models that utilize some external and internal variables assumed to affect the growth rate of GNP. Results from these models indicate that new inflows of foreign investments and amounts of domestic investments are positively related to growth while accumulated stocks of foreign investments have no effect on growth. This suggests that development funds, designed specifically for increased domestic investments, would be the most effective way to increase GNP.
Date: December 1992
Creator: Inyang, Ambrose
Partner: UNT Libraries

A Study on the Successful Self-Employed in Malaysia

Description: In a dualistic labor market, self-employment is classified as the informal sector because its members are usually unable to find formal jobs. In big cities throughout the world it has been reported that the urban self-employed are often faced with highly restrictive government regulations in the belief that they do not contribute very much to the output. This thesis studies the factors that can explain the successes of these self-employed such as the extent of their capital, entrepreneurial experience, and education. The discriminant analysis is used throughout the study.
Date: December 1989
Creator: Kayat, Kalsom
Partner: UNT Libraries

Do Predictions of Professional Business Economists Conform to the Rational Expectations Hypothesis?: Tests on a Set of Survey Data

Description: A set of forecast survey data is analyzed in this paper for properties consistent with the Rational Expectations Hypothesis. Standard statistical tests for "rational expectations" are employed utilizing consensus forecasts generated by an interest rate newsletter. Four selected variables (Fed Funds rate, M1 rate of growth, rate of change in CPI, and real GNP growth rate) are analyzed over multiple time horizons. Results tend to reject "rational expectations" for most variables and time horizons. Forecasts are more likely to meet "rationality" criteria the shorter the forecast horizon, with the notable exception of forecasts of real GNP growth.
Date: August 1989
Creator: Dabbs, Russell Edward
Partner: UNT Libraries

A Study of the Interdependence of Four Major Stock Markets Using a Vector Autoregression

Description: The question for this thesis is whether the four major stock markets--the United States, Great Britain, West Germany, and Japan are interdependent or segmented. The study period runs from February 1979 to June 1987, with the Wall Street Journal as a source of data. The Granger causality test is used to test for relationships among the four major stock markets. The thesis is divided into five chapters-- 1) statement of the problem; 2) survey of literature; 3) methodology; 4) results and 5) conclusions. The overall findings of this thesis indicate that there are few or no comovement similarities among all the four stock markets. However, the findings do point out the significant influence of the United States stock market on the other three stock markets.
Date: August 1989
Creator: Cheong, Onn Kee
Partner: UNT Libraries

A Macroeconomic Approach to the Growth of the Bolivian Informal Sector

Description: This thesis attempts to measure the growth of the Bolivian informal sector. The study estimates the growth of the informal sector by defining it as the difference between the formal sector's reported real gross national product (GNP) and forecasted values of real GNP. The first chapter describes the Bolivian economy, defines its informal sector, and presents reasons for this sector's growth. Related research in informal activity, theoretical discussions, and perspectives are presented in the second chapter. Chapter III describes methodological research used in the analysis of the data. Chapter IV describes the results of the investigation. Conclusions and recommendations for the informal sector are provided in chapter V. The results show that it is possible to measure informal activity in a macro setting
Date: August 1989
Creator: Albarracin, Tania
Partner: UNT Libraries