1. #1 Galactic Emperor on May 16, 2010 at 8:58 pm

   Jordan is a small country with limited natural resources, but has improved much since its inception as a country. Its current GDP per capita soared by 351% in the Seventies. But this growth proved unsustainable and consequently shrank by 30% in the Eighties. But it rebounded with growth of 36% in the Nineties. Just over 10% of its land is arable, and even that is subject to the vagaries of a limited water supply. Rainfall is low and highly variable, and much of Jordan’s available ground water is not renewable. Jordan’s economic resource base centers on phosphates, potash, and their fertilizer derivatives; tourism; overseas remittances; and foreign aid. These are its principal sources of hard currency earnings. Lacking forests, coal reserves, hydroelectric power, or commercially viable oil deposits, Jordan relies on natural gas for 10% of its domestic energy needs. Jordan used to depend on Iraq for oil until the Iraq invasion in 2003 by the United States. Jordan is also classified as an emerging market.

   Since King Abdullah II’s accession to the throne in 1999, liberal economic policies have been introduced which has resulted in a boom lasting for a decade continuing even through 2009. Jordan is now one of the freest and most competitive economies in the Middle East scoring higher than the United Arab Emirates and Lebanon. Jordan’s developed and modern banking sector is becoming the investment destination of choice due to its conservative bank policies that helped Jordan escape the worst of the global financial crisis of 2009. With instability across the region in Iraq and Lebanon, Jordan is emerging as the “business capital of the Levant” and the “the next Beirut”. Jordan’s economy has been growing at an annual rate of 7% for a decade.

   Jordan has more free trade agreements than any other Arab country. Jordan has FTA’s with the United States, Canada, Singapore, Malaysia, the European Union, Tunisia, Algeria, Libya, Algeria, and Syria. More FTA’s are planned with Iraq, the Palestinian Authority, the GCC, Lebanon, and Pakistan. Jordan is a member of the Greater Arab Free Trade Agreement, the Euro-Mediterranean free trade agreement, and the Agadir Agreement.

   Jordan can point to its strong leadership from the royal family and the government as well as its highly skilled workforce as the major catalysts for this great economic growth. Increased investment and exports are the main sources of Jordan’s growth.

   Jordan is an emerging knowledge economy. Education reform, continued privatization and economic liberalization, and economic restructuring are ensuring the path to a knowledge-based economy.

   Rapid privatization of previously state-controlled industries and liberalization of the economy is spurring unprecedented growth in Jordan’s urban centers like Amman and especially Aqaba. Jordan has six special economic zones that attract significant amountS of investment amounting in the billions: Aqaba, Mafraq, Ma’an, Ajloun, the Dead Sea, and Irbid. Jordan also has a plethora of industrial zones producing goods in the textile, aerospace, defense, ICT, pharmaceutical, and cosmetic sectors.

   Jordan is pinning its hopes on tourism, future uranium and oil shale exports, trade, and ICT for future economic growth.

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2. #2 numandina on May 16, 2010 at 9:33 pm

   Haha, Galactic Emperor copies Wikipedia articles.

   I’d say it would be good to choose one area and concentrate on it. For example Nuclear efforts, oil gas or phosphate dependancy, or the effect of the surrounding wars on the economy and the population (too much immigration, rising oil prices, etc.

   If you want, send me something and I’ll give tips if I can be of help.

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3. #3 A m on May 16, 2010 at 10:08 pm

   75% of the people live in Jordan are Palestinian root . Jordan is the only country in the middle east who get hart more after the war financial.
   before golf war there was 4 million people live in Jordan after golf war most of the Jordanian people who is most with Palestinian root moved to Jordan and this make the prices in lands . house . food . to go up and more people from Iraq left and went to live in Jordan . this in 1991
   and there is more to tell you but is my bed time now 1:00 am
   if you need any more information email me . oh and there is the deepest point in earth which the lowest point under the sea level is between Jordan and Israel is the dead sea . and Patra or Batra .which big city build in side the mountain ,

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