Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Economic Interdependence between Oil Producing and Labor Exporting Countries

Economic Interdependence between Oil Producing and Labor Exporting Countries

Alkhathlan, Khalid

Paperback

Business General

ISBN10: 3639064186
ISBN13: 9783639064186
Publisher: Blues Kids Of Amer
Published: Aug 4 2008
Pages: 140
Weight: 0.43
Height: 0.30 Width: 6.00 Depth: 9.00
Language: English
Oil and workers' remittances play an important role in the international economy. Only a few articles have been trying to investigate the effects of oil price fluctuations on both oil producing and labor exporting countries. For oil producing countries, the concentration in production might be the main reason for the fluctuation in export earnings that lead to large changes in export revenues. Because of the lack of skilled labor in oil producing countries, they are heavily dependant on the skilled workers from labor exporting countries such as Pakistan, India, Bangladesh, Egypt, the Philippines, and other countries. So, any oil shock is expected to harm labor exporting countries by influencing the workers' remittances. This book is expected to enrich the international library with the importance of workers' remittances to labor exporting countries. I hope that this book will help the international community to realize how negatively the oil price fluctuations would influence poor countries (labor exporting countries) through affecting workers' remittances which are important to macroeconomic variables such as investment, consumption and thus gross domestic product (GDP).

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