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Compose a 2500 words assignment on the economic and political situation in jordan. Needs to be plagiarism free!

Compose a 2500 words assignment on the economic and political situation in jordan. Needs to be plagiarism free! In 2010 UN Human Development Report, Jordon was recognized as a country of high human development. It is the founder member of the Arab League and Organization of Islamic Countries (OIC). Jordan is the Arab and Middle Eastern country that joined International Criminal court (Ryan, p87).

Over the years Jordon has evolved as an emerging market by adopting the principles of a free market economy. The economic conditions of the country are going through transformational phases due to different economic reforms introduced during different time periods. It has now evolved as an upper-middle-income economy of the world. In order to facilitate international trading operations within the country, Jordan has signed a free trade agreement with the United States in 2001 due to which the import and export duties on many goods and services are reduced between these two countries. Jordan went into the highest number of free trade agreement as compared with all the countries of its region that indicate the commitment of the country to take an active part in the trade liberalization process (Piro, p14).

The parliamentary monarchy decides the political progression in Jordon. Prime Minister is the head of the government and multi-party system in the country. The king and his cabinet possess the executive authority for all the decision making processes. The king has the authority to sign, accept or veto all the laws. He could also suspend and dissolve the parliament whereas the session of the parliament could also be extended on the orders of the king. The legislative power and authorities are held by the bicameral national assembly also called Majlis al-Ummah. The two chambers of the national assembly are a chamber of deputies Majlis al Nawaab and the assembly of senators called Majlis al Aayan (Knowles, p43).

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