The requirement is very simple, It is hard to deal with international suppliers
ID: 1109262 • Letter: T
Question
The requirement is very simple,
It is hard to deal with international suppliers without them comparing the Middle East market to European or American market.
Based on the links supplied below, I would like to prove to them that the market here is incomparable to the US/EU.
For example; Demographic, lifestyle, loans, e-commerce penetration, retail market....etc.
You can talk about the Middle East in general then you can be more detailed with your answer by sampling two countries (UAE & Saudi)
You can use the below links as the main points but you can also backup your research with other external references if you wish to do so:
https://en.wikipedia.org/wiki/List_of_largest_consumer_markets
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
Thanks
Explanation / Answer
On the off chance that the Arab League were a solitary nation, its 2011 GDP would have been more than $2.3 trillion, making it the world's eighth-biggest economy—greater than India or Russia. Its per capita wage would have been around $6,700—higher than that of China and India. (See the display "Per Capita GDP in the Arab World.") More than a large portion of the populace is under 25 years old, making it one of the world's most young markets. The Arab countries are from numerous points of view the same as Brazil, India, and China two decades back: They're enormous, complex—and barely noticeable. In any case, what influences the Arab to showcase more confused, notwithstanding undermining, is that Islam and Arab culture are interwoven. The religion is fundamental to society and business, overseeing most aspects of the commercial center. Its impact isn't blurring; similar Arab customers who long for advance, innovation, and incorporation don't wish to surrender their religious and social conventions. Therefore, Arabs like and regard Western brands—yet just as long as those brands don't struggle with their qualities. Organizations that bypass the interaction amongst culture and religion, trusting them to be totally unrelated, overlook a basic factor for achievement in the district.
In nowadays of recharged agony about the fate of Europe, a brisk test is all together. Who has the world's greatest economy? A) The United States B) China/Asia C) Europe? Who has the most Fortune 500 organizations? A) The United States B) China C) Europe. Who pulls in many U.S. venture? An) Europe B) China C) Asia. The right answer for each situation is Europe, short for the 27-part European Union (EU), an area with 500 million natives. They create an economy nearly as expansive as the United States and China joined however have, up until this point, to a great extent neglected to make a big deal about a gouge in American recognitions that theirs is a gathering of support to-grave caretaker states destined to be deserted in a 21st century that will have a place with China.
The most recent negative articulations about Europe were started by an obligation emergency in Greece which raised worry over the wellbeing of the euro, the regular cash of 16 EU individuals. Besides U.S. President Barack Obama's choice to avoid a U.S.- EU summit booked for May in Madrid, with another EU authority structure that ought to have made it simpler to answer then U.S. Secretary of State Henry Kissinger's celebrated inquiry: "Who do I call when I need to converse with Europe?"
Intellectuals who see the European method for getting things done as a model for the United States (and others) to take after are rare, not slightest, says one of them, Steven Hill, in light of the fact that most Americans are willfully ignorant of European accomplishments and, as he puts it, "hesitant to look somewhere else on the grounds that 'we are the best.'" As nonnative’s going through the United States once in a while take note of, the expressions "we are the best" and "America is No.1 are regularly articulated with profound conviction by nationals who have never set foot outside their nation and along these lines do not have an immediate method for correlation. (They are in the lion's share: just a single in five Americans has identification).
It marshals a great armed force of certainties and relative insights to demonstrate that the United States is behind Europe in about each financial classification that can be measured and that neither one of the Americas’ stream down, Wall Street-driven private enterprise nor China's state free enterprise hold the keys to what's to come. U.S. organizations making a bigger number of benefits in Europe than anyplace else, 20 times more than in China? 179 of the world's best organizations are European contrasted and 140 American? That does not fit the predispositions." Such previously established inclinations exist, to some extent, on the grounds that U.S. media have depicted Europe as an area in interminable emergency, its economies sclerotic, its assessments a disincentive to individual activity, its ways of life lower than America's, its all inclusive medicinal services, ensured benefits, long excursions and extensively shorter working hours a formula for low development and stagnation. "In the transmission of news over the Atlantic, myth has been substituted for reality."
The relative rankings of nations have a tendency to be characterized by total national output per capita yet this won't not be the best measuring stick since it doesn't separate between exchanges that add to the prosperity of a nation and those that decrease it. A dollar spent on sending an adolescent to jail adds as much to GDP as a dollar spent on sending him to school. On a not insignificant rundown of personal satisfaction records that measure things past the GDP measuring stick — from wage disparity and access to social insurance to future, newborn child mortality and destitution levels — the United States does not rank close to the best.
So where is the best place to live? For as far back as 30 years, a U.S.- based magazine, International Living, has aggregated a personal satisfaction file in view of average cost for basic items, culture and relaxation, economy, condition, flexibility, wellbeing, framework, security and atmosphere. France tops the rundown for the fifth year running. The United States comes in seventh.