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Volume :18 Issue : 71 1993      Add To Cart                                                                    Download

ECONOMIC INDICATORS IN THE KUWAITI MANUFACTURING INDUSTRY TWO YEARS AFTER AUGUST 1990:A FIELD COMPARATIVE STUDY

Auther : Dr. Abbas Al-Mejren

 

         The Iraqi occupation of Kuwait caused a major disruption in the Kuwait economy in general and on the petroleum and manufacturing sectors in particular.  Due to their capital intensive, sizeable assets and voluminous inventories, industrial establishments in these sectors were hit hardly.

         Considerable quantities of heavy machinery, equipments, raw materials, spare parts, semi-manufactured and finished products were stolen.  Workshop equipments, office furnitures, safety vaults, files and documents,…. in several major, medium-sized and small plants were either vandalized, damaged, smashed or torned.

        Following the expulsion of the Iraqi army, few efforts were made to specifically assess the damage inflicted on the manufacturing sector.  The present field study, however, represents an additional attempt of this direction.  Its main intention is to compare the present manufacturing condition to the one prevailed on the eve of the invasion.

       The first part of the paper is concerned with the survey of the previous efforts while the second part demonstrates the results of the field study that was carried out by the author.  The results indicate a remarkable increase in product prices that has mainly resulted from the rising costs of inputs and reconstruction burdens.

       Due to three demand-side factors, namely: recession, population decline and increasing competition, manufacturing production and sales have shrinked considerably.  However, the number of employees decreased while Kuwaiti labor recorded an increase in some industries.

      Moreover, labor partial productivity measured in terms of real output has increased on the average by almost 20%.  On the other hand, utilization ratios of production capacities indicated a further decline while foreign competition has mounted.

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