The Kingdom of Saudi Arabia has announced the vision 2030 in 2016. This explained vision was a long-term economic blueprint to transform the Kingdom’s economy aimed at minimizing the country’s reliance on oil. The petroleum sector accounts for roughly 85% of Saudi budget revenues. However, why the Kingdom wants to cut down of oil revenue rate in national budget? The economy of Saudi Arabia is dependent on oil cause Saudi oil reserves are the second largest in the world. Also it is the world’s leading oil exporter and second largest producer. Meanwhile, the total export and petroleum revenues have been decreasing franctionally since 2012 due to starting to decline of OPEC crude oil price. As you can see on the above graphic, the total export of Kingdom had gone down from $387 billion in 2012 to $207 billion in 2016. As for oil export had decreased from $336 billion to $163 billion in the same period. The reason of this decline, the average annual OPEC crude oil pri
On January,2018, Steven Levitsky and Daniel Ziblatt,two Harvard political scientists, published their new book is called “How Democracies Die”. Steven levitsky and Daniel Ziblatt try to give an answer that democracies are in danger or not in today’s world. During and after 2016 election, they realized that Donald Trump is a treat to democracy. Cause Trump acted like a demagogue to the other candidate. As many people watched on the TV show, Donald Trump threatened to lock up hic political rival, Hillary Clinton, if elected. It was the first time that a president rival behaving like this. In last decade, many candidates who became authoritarian leaders elsewhere in the world behave like this way such as Vladimir Putin, Tayyip Erdogan, Trump, Emmanuel Macron. But why did they adopted this act? In recent years, people believed that the world is so close to a new war. The middle east problem is on one side and the huge immigrant problem is on the other side. Unemployment has b