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

B300 TMA06 - Essay ExampleIran, Saudi Arabia, and the United Arab Emirates (UAE), which compose the bulk of the population of the Persian disjuncture states, have a rapidly growing export base, as evidenced by a 12 percent increase in exports between 1990 and 1994.The regions supranational airports--capital of Iran International, Dubai, Jeddah, and Riyadh International--experienced to a greater extent than a 50 percent increase in foreign air passengers between 1988 and 1994. The number of weekly international flights at Tehran International, Dubai International Airport, and Riyadh International increased 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 per cent of the worlds revenue passenger-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, high disposable income per household, an educated get 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 moment 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 solid need for surface transportation improvements, a lack of efficient and speedy bureaucracies, a perceived high cost of doing business, inadequacies in the wo rkforce, and the absence of a whizz entity to promote the region internationally. The Persian Gulf region has neither the competitive international reputation nor the economic-development focus of other competing regions. As such, it is not a precedency 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 must operate, harmonize, and engage its combine 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 will be crafted by a regional international business council. This business council will be made up of habitual and private sector representatives. The business council needs to make a long-term commitment to increase the Middle East regions international competitiveness and to develop an incorporate strategy for marketing it more effectivel y. In order to reduce uncertainty and provide greater economic stability, the Gulf countries must unite 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 three pending urgent actions that the Gulf countries need to undertake. One, develop a spirit of public and private partnership. Two, improve the regions internat