Achieving Food Security in Saudi Arabia with Sustainable Foreign Research Paper

Achieving Food Security in Saudi Arabia with Sustainable Foreign Direct Investment - Research Paper Example The climate of the country is very hot dry in summer and mild cold in winter. The country is blessed to have the biggest oil reserve in on earth, offering its citizens high living standards to enjoy a comfortable living. Nevertheless, the water resources in the country are insignificant making it very hard to the government to be independent in agriculture particularly with the fast population increase. As Saudi Arabia was always relies on imported food, it is untrustworthy particularly with today’s politics between laws and countries. In addition, Saudi Arabia cannot spend in local agriculture because of water shortages. Therefore, Saudi Arabia sought to put their funds in foreign nations for agriculture. A lot of these investments in deprived nations are not sustainable because of extreme poverty, bad infrastructure and political unsteadiness in some nations particularly in Africa which can put Saudi’s agricultural investment at a high risk. This study is rooted in pr evious analysis and studies, which were carried out in the field of food security in Saudi Arabia through looking at significant academic resources on the topic of FDI, and some cases concerning agricultural investments in deprived nations, which specified on the matter of neo-colonialism and land grabbing. This article investigates agricultural investments overseas and its objective to make agricultural investments further sustainable. It can be used by agricultural bodies and investors to evaluate the risk of FDI in agriculture and also give solutions concerning sustainability to grant food security. This article is split into eight parts. First, it will talk about the global food crisis. Secondly, it will talk about the food security in Saudi Arabia. Thirdly, it will talk about the concept of FDI and its uses on agriculture. Fourthly, it will talk about the challenges of FDIs. Fifth, it will discuss Neocoloniasm and then the Negative aspects of FDI. Finally, it will give the reco mmendations as per the findings along with the conclusion. Global Food Security Over one billion individuals, almost a sixth of the globe’s populace, suffer from chronic (severe) hunger (Heady & Fan, 2010). It is a disaster with devastating and extensive effects. Lack of food weakens the immune system and also slows down a child’s development. 50% of all cases of children’s death are caused by hunger (Heady & Fan, 2010). Under nutrition, as well as chronic hunger, mainly arises from widespread poverty. Individuals who are poor cannot afford to buy food. Hungry households use more than half of their income to purchase the food they require to survive with. Food cannot travel from excess to shortage areas across and within a country due to barriers at the border, poor roads, as well as checkpoints along the way (Heady & Fan, 2010). Without adequate food, grownups struggle to work and children, on the other hand, endeavor to learn, making sustainable financial deve lopment tough to attain. The global society normally uses the phrase "food security" to explain not just the availability of food, but also the capability of purchasing food. Food security refers to having a dependable source of food and adequate resources to buy it. A family is regarded to be food-secured when its members do not live in fear of starvation or hunger. Guarantying worldwide food security will only become more complex in the future as the need for food is projected to go up by 50% over the next two decades (Heady &

FINANCIAL ACCOUNTING 3 Essay Example | Topics and Well Written Essays - 1250 words

FINANCIAL ACCOUNTING 3 - Essay Example Due to the intervention of numerous regulatory bodies and the outbreak of various accounting standards which guide the management in their financial reporting and disclosure requirements, the length of the financial statements has drastically increased. The accounting policies, treatments and disclosures are being formulated in order to meet the requirements of modern accounting and to provide the shareholder and other users a better understanding. (Li, 2005) It has been observed that the public companies, as compared to private companies, extend the size of the annual reports beyond the regulatory and other standard requirements as the standards do not provide the maximum limit for any particular disclosure. The annual report includes certain areas which are purely judgmental and are left for the directors to comment such as the area of â€Å"Going Concern assumption†. The directors use this are to comment on the going concern of the company and illustrate the going concern by shedding light on numerous reasons why they assume the company is a going concern. (Holmes 2008) One of the foremost causes of the detailed and lengthy annual report is the demand for detailed and lengthy information set forth by the requirements of the Accounting standards and the regulatory bodies. These disclosures include the detailed disclosure of the remuneration of directors, pattern of shareholding and structure of committees. International Accounting Standard I requires a disclosure of the summary of significant accounting policies. These disclosures usually remain untouched year after year, including the copying of policies from the IFRS or descriptive financial statements. These disclosures easily take up to eight pages or even more. There is a regulatory requirement for the company to include a directors’ report based on their view on the financial statements of the company. This report is used by the directors to shed some light on the