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Essay / Research Paper Abstract
This 10 page report discusses a number of factors associated with the changing demographics of the nation of Jordan and their impact on development issues. Jordan is a small country that has had to creatively make the most of its limited resources and markets. Most international economic analysts believe Jordan’s economy may be, in the most significant of arenas, experiencing a recession. Nonetheless, the potential remains for a true fiscal renaissance for Jordan and its people. The theory of “demographic transition” serves as a baseline for greater understanding of the economic phenomenon being faced by Jordan. Bibliography lists 10 sources.
Page Count:
10 pages (~225 words per page)
File: D0_BWKingoJ.rtf
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the world moves into the new millennium. For example, Jordans economy was primarily dependent on external sources of income such as grants-in-aid and on inter-Arab trade throughout the 1970s and
1980s. Jordans role as an important transit point in trade routes in the Middle East region have also influenced economic factors that have been the result of the late King
Husseins foreign policy decisions of initial alliance with Syria and proximity to Iraq (Brand 393). Fundamentally, The Kingdom of Jordan is a small
country that has had to creatively make the most of its limited resources and markets. Despite the substantial development which took place in the private sector during the 1970s, Jordan
became heavily dependent upon Arab aid to the public sector in order to finance investment. Workers remittances and the export of heavy commodities, chiefly phosphates and potash, are the other
primary sources of foreign exchange. Additional sources of income include exports of agricultural products and the provision of transport and other services to neighboring countries (Sams 27). For the past
ten years, the government has supported a variety of efforts to invigorate the domestic economy, including expansionary fiscal policies, advocating foreign investment, subsidies and price support schemes for agriculture and
manufacturing, and tariff protection for local industry. Most international economic analysts believe Jordans economy may be, in the most significant of arenas, experiencing
a recession. Nonetheless, the potential remains for a true fiscal renaissance for Jordan and its people. For the past several years, tight monetary policies and high interest rates
have been the main concerns for Jordans financial and investment communities. For example, the clear trend as recently as 1995 was for the larger commercial banks to show improved
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