domingo, 20 de setembro de 2015

Kuwait (دولة الكويت‎) in Western Asia is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, sharing borders with Saudi Arabia and Iraq. In 2014, it had a population of 4.1 million; 1.2 million are locals, 2.8 million are expatriates. In the 1800th & 1900th centuries, Kuwait was a prosperous trade port. Starting in the early 20th century, its regional economic importance declined; by 1934 it had lost its prominence in long-distance trade and its economy was devastated by trade blockades, starting with the British Empire’s blockade during WW1. Following the Kuwait-Najd War of 1919-20, Saudi Arabia imposed a trade blockade from 1923-1937. Oil was discovered in 1938. From 1946-1982, the country underwent large-scale modernization. In the 1980s, Kuwait experienced a period of geopolitical instability along with an economic crisis following a stock market crash. In 1990, it was invaded by Iraq; Iraqi occupation came to an end in 1991 after military intervention by U.S.-led forces. At the end of the war, there were extensive efforts to revive the economy and rebuild infrastructure. Kuwait is a constitutional emirate. It has a high income economy backed by the world’s 6th-largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world. In recent years, political instability has hindered the country’s economic diversification.
Kuwait
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