Multinational Business of Kuwait Case Study Example | Topics and Well Written Essays - 2500 words

Multinational Business of Kuwait - sideslip Study ExampleEconomic standing of Kuwait has been progressing well in the recent past disrespect various environmental and internal challenges that threaten its GDP. Currently, the nations income per capita has increased by 1% opus the GDP level has also recorded a development of 7%. Kuwait is a considerable land that has the authorisation for growth if proper economic modalities be put in place by the authorities. The countrys resource base can sustain its citizens. This is evident in the immense potential in the rustic sector, the business field and its rising labor force (Ghemawat, 2001). The initiation of viable trade, political, companionable and cultural policies has enabled the country to record remarkable growth in its per capita income levels and GDP standards. The policies are to eradicate the exceed dimensions or factors that influence death penalty. Kuwaits economic geography is bound to record an upward growth trend or expansion especially with the mitigation plans that are under formulation to avert the effectuate of the dimensional factors. The dimensions that include cultural practices, economic implications, social and political issues must be addressed by an scrimping that seeks to meet its target (Ghemawat, 2001). The countrys Dimensions of Distance Economic growth in Kuwait is dependent on the major factors that influence performance and production. The factors that hold the capacity of stalling or propelling economic performance are integral in enhancing per capita income in the country (Khanna & Sinha, 2005). Authorities in Kuwait recognize the enquire for the development of viable performance measures to trade barriers and unwarranted economic bottlenecks that seek to impede the flow of production. Modalities are being crafted to streamline economic activities that include agriculture and business operations. This is critical because the countrys economy is financed by agricultural activities and international business. The policies are to help in eradicating trade barriers and other distant factors that put on growth in the nation. The dimensions that include cultural practices, economic implications, social and political issues hold far-reaching effects on the economy. According to Khanna and Sinha (2005), the countrys international business operations have been affected by the constitute implications and risks that result from barriers that are created by distant factors. He stated that the distant factors do not expressly refer to the geographical difference but they are the major dimensions that influence economic growth. Economic piece is a dimension that affects business operations and various income-generating activities in Kuwait. The nation is described as a small economy with two major GDP financiers that are under-exploited. The under exploitation is due to deficient resource capacity that hinders the adoption of modern technological setups fo r production. Although the nations GDP has recorded significant percentage growth, the increase is not adequate to steer the expansion plans that are expected in the agricultural and business sectors (Khanna & Sinha, 2005). This may further harm the nations performance if amicable solutions are not realized.