Oil Is Hindering Development In the Middle East Region Essay

Oil Is Hindering Development In the Middle East Region - Essay Example This essay stresses that over a long time since the discovery of oil, politics has assumed central place in the exploration, drilling and trade in oil products. This has been due to great economic significance of oil and its being the most depended source of energy. The focus on oil has been immense and concentrated to the extent that deaths and destruction of properties result. This has been to the struggles witnessed between groups of personalities or organizations to exercise exclusive rights of over oil. Efforts by politicians, autocrats and scientists to explore and find other sources of energy with specific intention of decentralize focus and dependence on oil has proved futile. Oil is too important and sweet to ignore in favour of other sources of energy. This paper makes a conclusion that the Middle East region has a great history of endowment with huge reserves of crude oil and natural gas. Oil is in its simple form a black gold that can make a country achieve quick and advanced development. Unfortunately, oil in Middle East equals resource curse that results to negative development despite plenty of natural resources with huge potential to raise big revenues. Various theories contribute to the dwindled development that most of the Middle East countries including Yemen, Syria and Iraq among others are facing. The theories include but not limited to authoritarianism, Islamism, rentier states, dependency, regional and global power politics on oil.

Suvey DB 5 Essay Example | Topics and Well Written Essays - 500 words

Suvey DB 5 - Essay Example This can come in the form of training and perpetual retooling to keep the employee updated in the latest method available that will increase productivity. Employee development enhances productivity not only in terms of making employee effective and efficient in doing their jobs. It also develops loyalty among employees in addition to motivating them to do better with their jobs. Thus, the immediate benefit of employee development is having employees who are motivated and competent who are loyal to the company and therefore likely to stay in the company. The benefits of having competent and motivated employees are in multitude. The most obvious benefit is efficiency and efficacy in doing their jobs. Materials turnover will decline, overhead expenses will lessen and new process will be discovered that will further enhance productivity. In short, expenses will be lessened and output will be optimized by a highly trained workforce wrought by employee development programs (Hameed and Waheed, 2011). The benefit of having a loyal workforce which is a result of an effective employee development program cannot be discounted. While their benefits may not be obvious, their effect can be felt in the organization. Without employee development that will foster company loyalty, there will be high turnover and attrition rate that is not only costly but time consuming as well. Employee recruitment is costly and could be avoided if employees are loyal to the company. The money spent for recruiting new employee could instead be used somewhere else. The lost productivity of an employee who left can also be counted as a cost to the company. In addition, a company has also to spend more resources in training a new hire. After training, a new hire cannot be expected to have the same productivity of the old employee as he or she is still has to learn the ropes of the new job. It takes