Cross-Cultural Interview Essay Example | Topics and Well Written Essays - 1250 words

Cross-Cultural Interview - Essay Example Besides, Locke introduced an innovative model which consists of 10 elements to have deeper understanding on multiculturalism. Thesis statement: Can one prove the predictability of Don C Locke’s model through a structured interview with a member of minority population in the United States. The structured interview with a member from minority population pointed out by Locke in the text proves the credibility of the theory. Besides, the interviewee selected for the interview was a member of African American community. Don C. Locke opines that: â€Å"The African American population has undergone significant changes† (Locke, 1998) the African American minorities consists of a well knit community with growth and development. The questionnaire (see appendix-1) prepared for the interview consists of the model pointed out by Locke. The findings derived from the interview exposes the past of African Americans and their present condition in American society. In addition, the findings are to be evaluated with a futuristic outlook. The main findings of the interview are pointed out below. The first question asked was related to Acculturation and the multicultural characteristics of African Americans. The answer proves that the African Americans are capable to assimilate themselves into the American society. As the American society is an amalgam of multiracial, multicultural and multilingual factors, there is high chance for a minority race to accept the same as the part of their culture. The second question was related to the poverty and economic concerns. The interviewee made clear that he and his family face problems related to housing, employment and educational opportunities. The African American community faces certain economic and social problems especially on employment and higher education. The third question was related to the history of oppression which chained the African American community for centuries in the

Do Oil Prices influence Non-Oil Sector Stocks in Saudi Arabia Research Paper - 1

Do Oil Prices influence Non-Oil Sector Stocks in Saudi Arabia - Research Paper Example Oil is one of the most important economic resources in global economy today. Fluctuations and shocks in oil prices have been studied extensively by many leading economists. Several economic theories point to the impact of changes in oil price on other commodities as well as in the world economies. The context of oil is even more important in the Saudi Arabian economy as it is has one of the biggest reserves of oil (one-fifth of world’s total) and is the second largest producer (behind Russia) of oil in the world. Saudi Arabia has proven oil reserves of 264.52 billion barrels of oil and recently surpassed by Venezuela who claimed their oil reserves had risen to 269.5 billion barrels of oil. In terms of oil production, Saudi Arabia has a quota allocation of just over 30% of production among Organisation of the Petroleum Exporting Countries (OPEC) countries. The Saudi Arabian oil production in 2010 was 9.1 million barrels per day which accounted for 13% of world’s total oi l production. Oil is the major driver of economic activity in Saudi Arabia. Oil related activities accounted for 47% of the GDP in 2010, and petroleum products exports amounted to $193 billion and accounted for 84% (by value) of total exports in Saudi Arabia. Therefore, oil prices play a vital role in the Saudi Arabian economy. However, from the perspective of an investor or an enterprise in Saudi Arabian market, it is also important to know whether oil prices have a major role to play in stock prices of non-oil sector companies too. ... Fluctuations and shocks in oil prices have been studied extensively by many leading economists. Several economic theories point to the impact of changes in oil price on other commodities as well as in the world economies. The context of oil is even more important in the Saudi Arabian economy as it is has one of the biggest reserves of oil (one-fifth of world’s total) and is the second largest producer (behind Russia) of oil in the world. Saudi Arabia has proven oil reserves of 264.52 billion barrels of oil (OPEC, 2011) and recently surpassed by Venezuela who claimed their oil reserves had risen to 269.5 billion barrels of oil. In terms of oil production, Saudi Arabia has a quota allocation of just over 30% of production among Organisation of the Petroleum Exporting Countries (OPEC) countries. The Saudi Arabian oil production in 2010 was 9.1 million barrels per day which accounted for 13% of world’s total oil production. Oil is the major driver of economic activity in Sa udi Arabia. Oil related activities accounted for 47% of the GDP in 2010 (MoF, 2011), and petroleum products exports amounted to $193 billion and accounted for 84% (by value) of total exports in Saudi Arabia (OPEC, 2011). Therefore, oil prices play a vital role in the Saudi Arabian economy. However, from the perspective of an investor or an enterprise in Saudi Arabian market, it is also important to know whether oil prices have a major role to play in stock prices of non-oil sector companies too. If there is a high positive correlation between oil prices and non-oil sector stocks, an investor can use these stocks to hedge on their investments in oil. The outcome of this study could therefore be very useful for foreign investors and enterprises already present or planning to enter the Saudi