In: Economics
Discuss the economic and social implications of globalization on The State of Qatar with the positive and negative What are the measures taken by the state to enhance the positive effects and reduce the negative effects?(five positive and five negative
Qatar a peninsular country bordered by South Arabia and its GDP is world’s 3rd largest because of its reserve of oil and gas. As the world go for the globalization, the impact is seen on the world
Impact of globalization on Qatar
Positive effects-
1. As the Qatar is going to host the world cup of 2022, the world will know about their cultural activities.
2. Increase in number of migrants will help to improve Qatar’s GDP
3. Many governmental and non-governmental organisations are coming there and helping in development.
4. Education is also improved and most pioneering within the middle east.
5. Health sector also improved.
Negative effects-
1. As the number of migrants increased it could lead to insecurity, terrorism.
2. Local people could face job insecurity.
3. Currency fluctuations
4. Price instability within the country.
5. Traditional belief may be erased.
How to reduce the negative impact of Globalization-
1. Need to act in partnership- As the Qatar maintaining strategic relationship with China and relation with China improved in last two decades.
2. Need to focus on technological advancement- 5G technology is already available in Qatar.
3. Bank, telecommunication services helps to improve regional and economic field in Qatar
4. Increase in foreign Investment and export could be helpful.