Investing in Jordan
In an idealistic economy, society would have an educated population, scarce poverty, low unemployment rates, and many would utilize resources in an efficient manner. In this utopia, corruption would not subside, resulting in an outcome that would be in the best interest to the entire population. In contrast, this utopia is non-existent and we do not live in a perfect world. For our society, it is close to impossible to achieve these characteristics. Presently, we live in a world where some countries have yet to develop and grow to their potential, which is mainly caused by aspects of: scarce resources, unemployment, and degradation. One example remains the Middle East. The Middle East is said to be the second least developed region of the world. With that said, some Middle Eastern countries such as Jordan are diligently working to change. These efforts are mainly fueled by the thought of one day having high economic growth, social welfare and human development. Jordan is working hard to change their economic conditions with the anticipation of having investors such as myself to invest in their country.
When planning to invest in Jordan, one must gain knowledge in many key factors. Such as the current economic circumstances, trends in key indicators, human development indicators and any other factors that significantly impact the economy. After gathering knowledge and data, recommendations regarding the improvement of the country to improve economic performance would be given.
Economic development in Jordan started in 1948 when Israel took over Palestine. The occupancy of Palestinian territories led to Palestinian refugees to migrate to Jordan, causing a high demand for services, goods, and housing. Jord ...