B300 TMA06 Essay Example | Topics and Well Written Essays - 1750 words

B300 TMA06 - Essay fountIran, Saudi Arabia, and the United Arab Emirates (UAE), which compose the bulk of the population of the Persian Gulf states, have a cursorily growing export base, as evidenced by a 12 percent increase in exports between 1990 and 1994.The lands worldwide airports--Tehran ball-shaped, Dubai, Jeddah, and Riyadh International--experienced more than a 50 percent increase in external air passengers between 1988 and 1994. The number of weekly world(prenominal) flights at Tehran International, Dubai International Airport, and Riyadh International increase by 6.3 percent from 1983 to 1993 (Withiam, 1994). In addition, the number of international markets served by Tehran, Dubai, and Riyadh has increased from twenty-two to 102 destinations in more than fifty-seven countries around the world (Journal of Commerce, 1994). Between 1983 and 1993, the region accounted for a 2.1 percent global market share in air passengers, and for 2.3 percent of the worlds revenue pass enger-kilometers in 1991, In 1992 the port of Sharja in the UAE handled 37,400 ton-equivalent units (TEU), a 146 percent increase over 1991, and about fifty-five thousand TEU in 1993.There is an increased inflow of international investment in this region. The regions major international strengths include oil and natural gas, major international airports, ports along the Persian Gulf, extravagantly disposable income per household, an educated labor force, a growing high technology industrial base, and world-class financial centers. In addition, the region is home to many international and regional organizations. In the aftermath of the Arab-Israeli peace accord, people feel more confident about the stability of the region.The region has many weaknesses. These weaknesses include a lack of positive image, a serious need for surface expatriation reformments, a lack of efficient and speedy bureaucracies, a perceived high cost of doing business, inadequacies in the workforce, and the absence seizure of a single entity to promote the region internationally. The Persian Gulf region has neither the competitive international reputation nor the economic-development tenseness of other competing regions. As such, it is not a priority location choice for American and Western European investors. The region possesses the basic assets and intellectual talents to compete with any region on the globe. However, it moldiness operate, harmonize, and engage its combined resources to move forward in a deliberate effort to improve its international competitiveness ( Porter, 1986). The Middle East must have a regional business policy which willing be crafted by a regional international business council. This business council will be make up of public and private sector representatives. The business council needs to make a long-term freight to increase the Middle East regions international competitiveness and to develop an integrated strategy for marketing it more effectively. In order to reduce uncertainty and provide greater economic stability, the Gulf countries must mix and develop a business policy that will diversify their economies. For this business policy to work, they need to focus on foreign investment and technology, subsequently enhancing the countries ability to attract, absorb, and become globally competitive. There are one-third pending urgent actions that the Gulf countries need to undertake. One, develop a spirit of public and private partnership. Two, improve the regions internat