I need a research paper about the existence of capitalism in the Arabian golf without Democracy. The paper is 7 pages double-spaced in APA format. Please include the following in the research:
-Abstract
-Intro
-The history of the Saudi Arabian economy
-The current state of the Saudi economy
-The effects of The coronavirus pandemic on it’s economy.
-The history of UAE economy
-The current state of UAE economy
-The effects of The coronavirus pandemic on it’s economy.
-The history of Qatar’s economy
-The current state of Qatar economy
-The effects of The coronavirus pandemic on it’s economy.
– conclusion
Answer preview
Saudi Arabia’s economy is still dependent on oil, and the government still controls the oil industry. Saudi Arabia has 16% petroleum reserves in the world, and it is the largest exporter of crude oil. Saudi Arabia has started to diversify its economy by encouraging the private sector to venture into the oil and service sectors. In 2019, oil refinery facilities in Saudi Arabia faced drone attacks, and oil production was scaled down (Nordea, 2020b). Saudi Arabia has diversified its economy to include the agricultural and industrial sectors. The agricultural industry comprises 2.2% of its GDP, and it employs 4.8% of its citizens. Agricultura productivity in the country has received limited public investments, and therefore, it is not developed. Climatic and geographical conditions are limiting agricultural productivity in the country, and therefore, Saudi Arabia imports the majority of its foods. The cultivation of wheat has had negative impacts on water availability in the country since wheat consumes a lot of water, which threatens to deplete water for farming. The industrial sector currently represents 49.5% of Saudi Arabia’s GDP, and industries employ 24.4 % of Saudi Arabians. Oil drilling dominates the country’s industrial sector since the nation is a main oil exporter in the world. The service industry is another
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