LEBANON - A MODEL FOR BUSINESS IN THE MIDDLE EAST
|
|
- Ethel Hardy
- 6 years ago
- Views:
Transcription
1 LEBANON LEBANON - A MODEL FOR BUSINESS IN THE MIDDLE EAST Intervention by Rolf Holmboe, Ambassador to Lebanon, Syria and Jordan
2 Topics The Danish Embassy and the role of it s Trade Council The Lebanese business context and its importance for attracting business BWSC Case Lebanon Some lessons and recommendations
3 The Embassy of Denmark and the promotion of business relations The Danish Embassy is regional and covers since August 2013 Lebanon, Syria and Jordan: Activities within Diplomatic relations, Culture, Public Affairs, Consular Services and Trade Promotion The Embassy s Trade Council develops knowledge of local markets, bureaucratic rules and procedures develops local networks in the public and business sectors identifies potential business cooperation opportunities strives to establish partnerships between Danish and local companies helps companies to overcome non-commercial difficulties natural link of cooperation to Chambers of Commerce etc. Website: Facebook Page: the Danish Embassy in Beirut
4 Lebanese Economy Developed, Service-based Economy: Banks, Insurance, Tourism Services and trade: 75% Industry: 20% Agriculture: 5%
5 Challenging, but Sustainable Economic Situation Lebanon is the only Middle East oil importer state not to have asked the IMF for support in the last two years, and the only state to have increased foreign exchange reserves since the Arab Spring (HSBC REPORT 2013) Real GDP growth: 2011: 3%, 2012: 1.8%, 2013: 1.5%, 2014: 0->3% Large reserves in banks and BNL (huge gold reserves) Inflation under control/bnl monetary policies prudent Public debt still high (120% of GDP), but decreasing Stagnating real estate market, but still stable
6 An Impressive Competitive Economy Ranked as 35th strongest in intensity of competition and in buyer sophistication out of 144 countries Ranked as the 29th most feasible out of 144 countries in terms of procedures to start a business Ranked as 12th out of 144 countries on "the soundness of banks" (sub-index in 2013)
7 Why Such a Strong and Persistent Lebanese Economy? Free Market Regime Strong laissez-faire commercial tradition Few bureaucratic restrictions very permissive environment No restrictions on foreign exchange or capital movement Very strong private sector Many well-positioned Lebanese work abroad, import knowledge and provide huge remittances
8 BWSC Case: A Successful Business Story From Lebanon Partnership adventure between Danish BWSC and Lebanese HETC in enlarging capacity at two power plants Three years of tug of war with a happy end Contract award worth USD 350 million in 2013 Support needed to understanding the players, the market and the unwritten rules and procedures was of paramount importance Results and benefits: Profiting two economies Positive spillover effects (jobs, increased energy supply, environmental improvements etc.)
9 BWSC Case: Challenges and Differences in Business Cultures The Lebanese time commitment: bukhra could be next week or next month or? Bureaucracy emerges in all its forms and shapes Heavy and non-transparent administration Personal interests can be showstopper Outdated laws impede flexibility and mobility Corruption is a showstopper Political blockages
10 BWSC Case: Lessons Learned Need for: Better cultural understanding Better market knowledge and expertise Involvement of local partners Understanding the Middle East way of doing business Local communicative tools Sharing knowledge of previous experiences Network Network Network is key!
11 Lebanon: Challenges Ahead Need for continued prudent macroeconomic policy Fiscal discipline (dilemma: need for investments) Monetary policies (keep balance between protection reserves and investments) Structural reform challenges (ref. Paris III): action, action, action Transport Energy Water Telecom Waste Management Infrastructure and IT (digitalization)
12 Reform Initiatives Consumer protection law Simplified custom structures Access to WTO under way Privatization and PPPs
13 Sectors in need = Opportunities Energy deficit = BWSC example Transportation infrastructure = Pihl & Son example Water in abundance Inefficient usage = Water management Waste in abundance Inefficient management = Waste management
14 Recommendations From Danish Established Businesses The window is open now, but not in five years move first and you will be successful. Find a local partner (Arla-general manager) It is possible to operate under Lebanese conditions and obtain good results (previous Pihl & Søn s chief engineer) We have had our best year ever in Lebanon and the Middle East (Bestsellers regional CEO, 2011) We managed to sign a huge contract worth USD 350 million (BWSC s general sales manager)
15 Networking in the Middle East Networks is an essential tool to operate the Middle East Business Associations are a perfect forum to exchange knowledge and to finding partners Potential for joint ventures and partnerships Utilize others strengths and networks in different aspects A membership at a chamber of commerce and other recognized business organisations can be very beneficial in terms of preserving diverse support to SMEs
16 Thank you!
Doing Business in Lebanon
Doing Business in Lebanon Country Facts Capital Beirut Area 10452 km2 Population 4,4 million Language Arabic (official), French, English. Currency Lebanese Pound LP GDP per capita USD 10,707 GDP Growth
More informationReducing Poverty in the Arab World Successes and Limits of the Moroccan. Lahcen Achy. Beirut, Lebanon July 29, 2010
Reducing Poverty in the Arab World Successes and Limits of the Moroccan Experience Lahcen Achy Beirut, Lebanon July 29, 2010 Starting point Morocco recorded an impressive decline in monetary poverty over
More informationCircumstances and Prospects for Economic Cooperation Between Israel and its Neighbors
Circumstances and Prospects for Economic Cooperation Between Israel and its Neighbors Presented by: David Boas Netanyah College, June 29th, 2004 Presentation Structure Selected data Principal economic
More informationCOUNTRY OUTLOOK: THE PHILIPPINES. JAMES M. McCARTHY Commercial Counselor U.S. Commercial Service Manila, Philippines
COUNTRY OUTLOOK: THE PHILIPPINES JAMES M. McCARTHY Commercial Counselor U.S. Commercial Service Manila, Philippines GEOGRAPHY AND PEOPLE 7,107 islands size of New England 100 million people (12 th largest
More informationRegional prospects: Western Asia Project LINK Meeting Yasuhisa Yamamoto October 20, 2016
Regional prospects: Western Asia Project LINK Meeting 2016 Yasuhisa Yamamoto October 20, 2016 Western Asia: Major influencing factors Continuing armed violence/conflicts in the region Low oil prices Fed
More informationTHE BARCELONA PARTNER COUNTRIES AND THEIR RELATIONS WITH THE EURO AREA
THE BARCELONA PARTNER COUNTRIES AND THEIR RELATIONS WITH THE EURO AREA On 15 January 24 the Eurosystem held its first high-level seminar with the central banks of the 12 partner countries of the Barcelona
More informationWest Asia Regional Economic Outlook UN DESA Expert Group Meeting. October 2015 Jose A. Pedrosa-Garcia ESCWA
West Asia Regional Economic Outlook 2015 UN DESA Expert Group Meeting United Nations Economic and Social Commission for Western Asia October 2015 Jose A. Pedrosa-Garcia ESCWA The views expressed in this
More informationAN OVERVIEW OF JORDANIAN MANUFACTURING SECTOR IN LIGHT OF CURRENT REGIONAL POLITICAL SITUATION
International Journal of Economics, Commerce and Management United Kingdom Vol. VI, Issue 5, May 2018 http://ijecm.co.uk/ ISSN 2348 0386 AN OVERVIEW OF JORDANIAN MANUFACTURING SECTOR IN LIGHT OF CURRENT
More informationLuiz Augusto de CASTRO NEVES Ambassador of Brazil
Luiz Augusto de CASTRO NEVES Ambassador of Brazil Opening Speech " A Perspective on the Brazilian Economy and the Future of the Economic Bilateral Relationship with Japan." July 9, 2010 Japan National
More informationOn the Surge of Inequality in the Mediterranean Region. Chahir Zaki Cairo University and Economic Research Forum
On the Surge of Inequality in the Mediterranean Region Chahir Zaki chahir.zaki@feps.edu.eg Cairo University and Economic Research Forum A tale of three regions Resource poor countries Djibouti, Egypt,
More informationSR: Has the unfolding of the Dubai World debt problem in the UAE hampered broader growth prospects for the region?
Interview with Dr Georges Corm Al Jazeera Centre for Studies Tel: +974-4930181 Fax: +974-4831346 jcforstudies@aljazeera.net www.aljazeera.net/studies April 2010 Dr. Georges Corm is a globally distinguished
More informationThe Syrian refugees in Lebanon and the EU-Lebanon. Partnership Compact new strategies, old agendas. Peter Seeberg
News Analysis June 2017 The Syrian refugees in Lebanon and the EU-Lebanon News Partnership Compact Peter Seeberg UNHCR spokesman Andrej Mahecic told at a news briefing 6 June 2017 in Geneva that the current
More informationTell us about your role within the Syrian Opposition Coalition (SOC).
An Interview with Osama Kadi Tell us about your role within the Syrian Opposition Coalition (SOC). Kadi: I am not a Coalition member, but I was nominated to head the Friends of Syria (FoS) platform addressing
More informationENHANCING DOMESTIC RESOURCES MOBILIZATION THROUGH FISCAL POLICY
UNITED NATIONS ECONOMIC COMMISSION FOR AFRICA SUBREGIONAL OFFICE FOR EASTERN AFRICA ECA/SROEA/ICE/2009/ Original: English SROEA 13 th Meeting of the Intergovernmental Committee of Experts (ICE) Mahe, Seychelles,
More informationPakistan s Economy: Opportunities and Challenges I have been asked to speak today on the subject of Opportunities and Challenges for Pakistan s
Pakistan s Economy: Opportunities and Challenges I have been asked to speak today on the subject of Opportunities and Challenges for Pakistan s Economy. I have a very simple take on this. The current economic
More informationCOMPROMISE AMENDMENTS 1-15
ASAMBLEA PARLAMTARIA EURO-LATINOAMERICANA EURO-LATIN AMERICAN PARLIAMTARY ASSEMBLY ASSEMBLEIA PARLAMTAR EURO-LATINO-AMERICANA ASSEMBLÉE PARLEMTAIRE EURO-LATINO- AMÉRICAINE PARLAMTARISCHE VERSAMMLUNG EUROPA-LATEINAMERIKA
More informationGlobalization and its Impact on Poverty in Pakistan. Sohail J. Malik Ph.D. Islamabad May 10, 2006
Globalization and its Impact on Poverty in Pakistan Sohail J. Malik Ph.D. Islamabad May 10, 2006 The globalization phenomenon Globalization is multidimensional and impacts all aspects of life economic
More informationSummary of Democratic Commissioners Views
Summary of Democratic Commissioners' Views and Recommendations The six Democratic Commissioners, representing half of the Commission, greatly appreciate the painstaking efforts of the Chairman to find
More informationGertrude Tumpel-Gugerell: The euro benefits and challenges
Gertrude Tumpel-Gugerell: The euro benefits and challenges Speech by Ms Gertrude Tumpel-Gugerell, Member of the Executive Board of the European Central Bank, at the Conference Poland and the EURO, Warsaw,
More informationPromoting Diaspora Linkages: The Role of Embassies
Promoting Diaspora Linkages: The Role of Embassies July 14, 2009 Sonia Plaza, The World Bank International Conference on Diaspora for Development: World Bank, Washington DC Outline Background Role of Diaspora
More informationNew Zealand Stability and Security
New Zealand Stability and Security If you are going to dedicate time and resources to an offshore investment, you need confidence that your commitment is going to be secure. New Zealand is a world leader
More information2015/SOM3/CONF/011 Services Trade and Investment: The Philippine Experience
2015/SOM3/CONF/011 Services Trade and Investment: The Philippine Experience Submitted by: Philippine Chamber of Commerce and Industry Regional Conference of Services Coalitions Cebu, Philippines 7 September
More informationJordan in the GCC. Our Initial Thoughts. Economic Research Jordan. Initial Opinion. The Invitation. The Gulf Cooperation Council: A Brief History
Economic Research Jordan Initial Opinion 6 September 211 Jordan in the GCC Our Initial Thoughts The Invitation The Gulf Cooperation Council s (GCC) announcement during the Heads of State summit held last
More informationROUNDTABLE THE CAMBODIAN ECONOMY AND NATIONAL BUDGET IN For Distinguished Members of the National Assembly and Senate
Cambodia-Canada Legislative Support Project ROUNDTABLE On THE CAMBODIAN ECONOMY AND NATIONAL BUDGET IN 2005 For Distinguished Members of the National Assembly and Senate December 09, 2004 from 08h30 to
More information"The European Union and its Expanding Economy"
"The European Union and its Expanding Economy" Bernhard Zepter Ambassador and Head of Delegation Speech 2005/06/04 2 Dear Ladies and Gentlemen, I am delighted to have the opportunity today to talk to you
More informationMinistry of Trade and Industry Republic of Trinidad and Tobago SMALL STATES IN TRANSITION FROM VULNERABILITY TO COMPETITIVENESS SAMOA
Ministry of Trade and Industry Republic of Trinidad and Tobago Commonwealth Secretariat SMALL STATES IN TRANSITION FROM VULNERABILITY TO COMPETITIVENESS SAMOA DEVELOPING COMPETITIVE ADVANTAGE THROUGH SERVICES
More informationLatin America and the Caribbean
Regional Outlook Latin America and the Caribbean Sebastián Vergara M. Development Policy and Analysis Division Department of Economic and Social Affairs United Nations UN DESA Expert Group Meeting on the
More informationTrade Policy Project Benefits of the WTO Trade Facilitation Agreement for Ukraine
Benefits of the WTO Trade Facilitation Agreement for Ukraine Viktor Dovgan Legal Advisor The USAID Trade Policy Project vdovhan@ukrainetrade.com.ua Ukraine s position in international ratings OECD Trade
More informationThe Financial Crisis and International Migration in the Arab Region: Challenges and Opportunities.
Eighth Coordination Meeting on International Migration, New York, 16-17 Nov. 2009. The Financial Crisis and International Migration in the Arab Region: Challenges and Opportunities. By: Batool Shakoori,
More informationPUBLIC SECTOR TRANSFORMATION
PUBLIC SECTOR TRANSFORMATION Dr. Victor Koh KENYA VISION 2030 CHIEF EXECUTIVE OFFICERS FORUM Sarova Whitesands, Mombasa, Kenya 30 May 2018 1) 2017 KEY ECONOMIC INDICATORS FOR KENYA: Population = 50 million
More informationTable 1. Nepal: Monthly Data for Key Macroeconomic Indicators.
Table 1. : Monthly Data for Key Macroeconomic Indicators. 1 1 Year-on-year change, in percent Oct Nov Dec FY to date Oct Nov Dec FY to date Oct Nov Dec FY to date ( months) ( months) ( months) Inflation
More informationInterview. Austerity Is Useless. Interviewed by Mauro Lacentini. Epoca (Milan), 27 October 1976), pp English translation by Maria Torchio.
Interview. Austerity Is Useless. Interviewed by Mauro Lacentini. Epoca (Milan), 27 October 1976), pp. 28 30. English translation by Maria Torchio. Epoca: I have the feeling that Italy is no longer happy
More informationZOGBY INTERNATIONAL. Arab Gulf Business Leaders Look to the Future. Written by: James Zogby, Senior Analyst. January Zogby International
ZOGBY INTERNATIONAL Arab Gulf Business Leaders Look to the Future Written by: James Zogby, Senior Analyst January 2006 2006 Zogby International INTRODUCTION Significant developments are taking place in
More informationCelebrating 20 Years of the Bank of Mexico s Independence. Remarks by. Ben S. Bernanke. Chairman. Board of Governors of the Federal Reserve System
For release on delivery 9:00 p.m. EDT (8 p.m. local time) October 14, 2013 Celebrating 20 Years of the Bank of Mexico s Independence Remarks by Ben S. Bernanke Chairman Board of Governors of the Federal
More informationGovernor Agus D.W. Martowardojo At the High-Level International Seminar Global Economic Outlook in ASEAN Perspective Bank Indonesia April 28, 2017
Governor Agus D.W. Martowardojo At the High-Level International Seminar Global Economic Outlook in ASEAN Perspective Bank Indonesia April 28, 2017 Learn from the Past, Seize Opportunities, and Enhance
More informationCosts of war. The Syrian crisis and the economic consequences for Syria and its neighbours. Peter Seeberg
News Analysis December 2017 Costs of war. The Syrian crisis and the economic consequences for Syria and Peter Seeberg News International Monetary Fund (IMF) economists have recently (Dec. 2017) published
More informationBEYOND ELECTORAL DEMOCRACY: FOREIGN AID AND THE CHALLENGE OF DEEPENING DEMOCRACY IN BENIN. Mamoudou Gazibo
BEYOND ELECTORAL DEMOCRACY: FOREIGN AID AND THE CHALLENGE OF DEEPENING DEMOCRACY IN BENIN Mamoudou Gazibo 1 Main points 1- Background 2- Argument 3- Data & approach 4- Foreign aid s changing patterns in
More informationGlobal dilemmas and the need for cooperation at supranational, national, and local levels
POS 335 Spring 2004 Andreas Syz Paper #2 ID: 000005699 Due: March 9 Global dilemmas and the need for cooperation at supranational, national, and local levels Policymakers in the 21 st century find themselves
More informationARMENIA WORKSHOPS ON SUPPORTING ASIA PACIFIC LLDCS AND BHUTAN IN MOBILIZING RESOURCES FOR THE SDGS
ARMENIA WORKSHOPS ON SUPPORTING ASIA PACIFIC LLDCS AND BHUTAN IN MOBILIZING RESOURCES FOR THE SDGS 12 14 December 2018 Thimphu, Bhutan FACTS ABOUT ARMENIA BASIC FACTS Official name: Republic of Armenia
More informationInternational Monetary Fund Washington, D.C.
2005 International Monetary Fund August 2005 IMF Country Report No. 05/270 El Salvador: Selected Issues Background Notes This Selected Issues paper for El Salvador was prepared by a staff team of the International
More informationDEFINING ECONOMIC FREEDOM
CHAPTER 2 DEFINING ECONOMIC FREEDOM Ambassador Terry Miller and Anthony B. Kim Economic freedom is at its heart about individual autonomy, concerned chiefly with the freedom of choice enjoyed by individuals
More informationGENDER AWARE TRADE POLICY A SPRINGBOARD FOR WOMEN S ECONOMIC EMPOWERMENT
GENDER AWARE TRADE POLICY A SPRINGBOARD FOR WOMEN S ECONOMIC EMPOWERMENT 1 " Action is needed to better integrate women into the international trading system. All the evidence suggests that giving an equal
More informationThe financial and economic crisis: impact and response in the Arab States
The financial and economic crisis: impact and response in the Arab States Tariq A. Haq Research Economist Employment Analysis and Research Unit Economic and Labour Market Analysis Department October 2010
More informationCHAPTER 12: The Problem of Global Inequality
1. Self-interest is an important motive for countries who express concern that poverty may be linked to a rise in a. religious activity. b. environmental deterioration. c. terrorist events. d. capitalist
More informationIndia: Gains of Economic Reforms
Trade Policy Reform in India June 29, 2009 Kanhaiya Singh Structure Growth history Reforms Review of Trade Reform Trade Reform, Trade and Trade Balance Current Debate on Globalization Role of Behind the
More informationMEXICO: ECONOMIC COUNTRY REPORT
MEXICO: ECONOMIC COUNTRY REPORT 2018-2020 By Eduardo Loria 1 Center of Modeling and Economic Forecasting School of Economics National Autonomous University of Mexico (UNAM) Mexico Prepared for the Fall
More informationTRENDS AND PROSPECTS OF KOREAN ECONOMIC DEVELOPMENT: FROM AN INTELLECTUAL POINTS OF VIEW
TRENDS AND PROSPECTS OF KOREAN ECONOMIC DEVELOPMENT: FROM AN INTELLECTUAL POINTS OF VIEW FANOWEDY SAMARA (Seoul, South Korea) Comment on fanowedy@gmail.com On this article, I will share you the key factors
More informationTurkey Economic Outlook Snapshot of Macro Economic Indicators and Near Future. Mustafa Mente, Secretary General November 20, 2015
Turkey Economic Outlook Snapshot of Macro Economic Indicators and Near Future Mustafa Mente, Secretary General November 20, 2015 Agenda 1 DEIK & Turkey At a Glance 12 Global Economic Relations of Turkey
More informationA presentation by Dr. Jayant Dasgupta Former Ambassador of India to the WTO UNECWA Workshop October, Beirut
A presentation by Dr. Jayant Dasgupta Former Ambassador of India to the WTO UNECWA Workshop 18-19 October, Beirut Outline Different kinds of Trade Agreements Status of RTA commitments made by members of
More informationLEBANON WEEKLY REPORT
Lebanon ranks 16 th largest recipient of remittances worldwide, going down by a yearly 3.3% in 2015 The World Bank estimates expatriate remittances to Lebanon at USD 7,163 million in 2015. Remittances
More informationCAMBODIA S GARMENT INDUSTRY POST-ATC: Human Development Impact Assessment. CHAN Vuthy EIC Researcher
CAMBODIA S GARMENT INDUSTRY POST-ATC: Human Development Impact Assessment CHAN Vuthy EIC Researcher Project Launch Meeting: Addressing the Impact of ATC Expiration on Cambodia 1 Contents 1. Introduction
More informationHOW ECONOMIES GROW AND DEVELOP Macroeconomics In Context (Goodwin, et al.)
Chapter 17 HOW ECONOMIES GROW AND DEVELOP Macroeconomics In Context (Goodwin, et al.) Chapter Overview This chapter presents material on economic growth, such as the theory behind it, how it is calculated,
More informationCORRUPTION AND GOVERNMENT. Lessons for Portugal Susan Rose-Ackerman
1 CORRUPTION AND GOVERNMENT Lessons for Portugal Susan Rose-Ackerman PORTUGAL IN THE TRANSPARENCY INTERNATIONAL INDEX In Portugal corruption is a serious problem. TI ranks Portugal 29 th of 180 countries
More informationWorld Bank s Country Partnership Framework
BLOMINVEST BANK July 29, 2016 Contact Information Research Assistant: Lana Saadeh lana.saadeh@blominvestbank.com Head of Research: Marwan Mikhael marwan.mikhael@blominvestbank.com Research Department Tel:
More informationEXPORT-ORIENTED ECONOMY - A NEW MODEL OF DEVELOPMENT FOR THE REPUBLIC OF MOLDOVA
EXPORT-ORIENTED ECONOMY - A NEW MODEL OF DEVELOPMENT FOR THE REPUBLIC OF MOLDOVA Corina COLIBAVERDI Phd student, Academia de Studii Economice a Moldovei Boris CHISTRUGA Univ. Prof., dr.hab., Academia de
More informationCourtesies and Gratitude
STATEMENT BY H.E. DR. JOHN POMBE JOSEPH MAGUFULI, PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA ON THE OCCASION OF THE 6 TH DICOTA CONVENTION, HYATT REGENCY HOTEL, DALLAS, TEXAS, USA, 28 TH APRIL TO 1 ST
More informationThe Impact of Decline in Oil Prices on the Middle Eastern Countries
The Impact of Decline in Oil Prices on the Middle Eastern Countries Dr. Shah Mehrabi Professor of Economics Montgomery College Senior Economic Consultant and Member of the Supreme Council of the Central
More informationIntroduction. 1. Construction overview:
Introduction The construction sector in and is experiencing a boom fueled both by the demands of a growing population, and an increase of donor funds meant to support the influx of Syrian refugees. s construction
More informationVIETNAM FOCUS. The Next Growth Story In Asia?
The Next Growth Story In Asia? Vietnam s economic policy has dramatically transformed the nation since 9, spurring fast economic and social development. Consequently, Vietnam s economy took off booming
More informationMiracle of Estonia Entrepreneurship and Competitiveness Policy in Estonia
Miracle of Estonia Entrepreneurship and Competitiveness Policy in Estonia Signe Ratso Deputy Secretary General of EU and International Co-operation Ministry of Economic Affairs and Communications of Estonia
More informationAgri-Exports: What s holding Sri Lanka back? The impact of domestic barriers to trade
Agri-Exports: What s holding Sri Lanka back? The impact of domestic barriers to trade 18 th January 2017 Agri Exports: Heavy concentration in few products Composition of Agricultural Exports (2015) 10%
More informationSECTOR ANALYSIS. Turkey: Textile Sector in Turkey. Sector: Furniture, Clothing & Design. Prepared by The Trade Council of Denmark, Istanbul
SECTOR ANALYSIS Turkey: Textile Sector in Turkey 15-November-2010 Sector: Furniture, Clothing & Design Prepared by of Denmark, Istanbul Keywords: Turkey, Tyrkiet, of Denmark, Istanbul, Eksportrådet i Istanbul,
More informationDevelopment Strategy. for. Myanmar
Development Strategy for Myanmar Masahiko Ebashi Myat Thein Contents 1. Present Status of the Economy 2. Characteristics of Current Economic Policies of Myanmar 3. Key Issues to be tackled a. Rural development
More informationrespect to its external environment (Anton, 2015). Further, it undertakes the most crucial factors
PESTLE PESTLE analysis is considered to be most effective in knowing the real situation of country with respect to its external environment (Anton, 2015). Further, it undertakes the most crucial factors
More informationLecture II North Korean Economic Development: from 1950s to today
Lecture II North Korean Economic Development: from 1950s to today Lecture 2: North Korea s Economic Development from 1950s to present Introduction S. Korean Nurses in Germany S. Korean Mineworkers in Germany
More informationGREECE : Central Greece Region
An initiative of the national agency to promote regional investment opportunities Towards a more consistent and effective administrative map National IPA established in 1996 / Status: State-owned agency
More informationConflict THE COST OF. Middle East strife is exacting a heavy toll on regional economies. Phil de Imus, Gaëlle Pierre, and Björn Rother
Conflict THE COST OF Middle East strife is exacting a heavy toll on regional economies Phil de Imus, Gaëlle Pierre, and Björn Rother PHOTO: ISTOCK / JCARILLET 18 FINANCE & DEVELOPMENT December 2017 Atmeh,
More informationGCC Countries. Chapter 3. Development Economics GCC Dr. Mohammed Alwosabi. Dr. Mohammed Alwosabi. Characteristics of GCC States
Characteristics of GCC States Chapter 3 GCC Countries Dr. Mohammed Alwosabi The Arab Gulf States of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates are an integral part of the wider
More informationRetrospective of the Last Ten Years in Caucasus and Central Asia Countries 1. John Odling-Smee 2
Retrospective of the Last Ten Years in Caucasus and Central Asia Countries 1 John Odling-Smee 2 Ten years ago this month I attended a conference here in Bishkek to celebrate the tenth anniversary of the
More informationTHAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement
THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement March 2016 Contents 1. Objectives of the Engagement 2. Systematic Country Diagnostic (SCD) 3. Country Context 4. Growth Story 5. Poverty Story 6.
More informationRecent developments. Note: This section is prepared by Lei Sandy Ye. Research assistance is provided by Julia Roseman. 1
Growth in the Middle East and North Africa (MENA) region is projected to pick up to 3 percent in 2018 from 1.6 percent in 2017 as oil exporters ease fiscal adjustments amid firming oil prices. The region
More informationPolicy Memo. DATE: March 16, RE: Realistic Engagement With North Korea
Policy Memo DATE: March 16, 2007 RE: Realistic Engagement With North Korea As the countries in the six party talks work feverishly to turn the February 13 agreement into a concrete and workable plan that
More informationBalkans: Italy retains a competitive advantage
The events of the 1990s left very deep traces, but since 2000 Western Balkans economies showed a positive turnaround, experiencing a process of rapid integration into world trade. The Balkans: Italy retains
More informationโอกาสและความท าทายของประเทศไทยในอนาคต
โอกาสและความท าทายของประเทศไทยในอนาคต Thailand 22 Apirak Kosayodhin Apirak Kosayodhin Advisor to Prime Minister of Thailand Thailand has significantly changed in the past 2 years Improved quality of life
More informationElard Escala Ambassodor of Peru to Japan Presidency Pro Tempore of the Pacific Alliance 29 January, 2016
Elard Escala Ambassodor of Peru to Japan Presidency Pro Tempore of the Pacific Alliance 29 January, 2016 1 What is the Pacific Alliance? 2 The Pacific Alliance is an initiative of deeper integration to
More informationSection 1: Microeconomics. 1.1 Competitive Markets: Demand and Supply. IB Econ Syllabus Outline. Markets Ø The Nature of Markets
IB Economics Syllabus Outline Mr. R.S. Pyszczek Jr. Room 220 Rpyszczek@BuffaloSchools.org City Honors School at Fosdick- Masten Park 186 East North Street Buffalo, NY 14204 Phone: (7160 816-4230 Fax: (716)
More informationGCC An Overview on Economic Trends Dr. Nasser Saidi Chief Economist, DIFC Authority
GCC An Overview on Economic Trends Dr. Nasser Saidi Chief Economist, DIFC Authority 6 th Annual Conference on Trade Treasury and Cash Management in the Middle East Dubai, 12 March 2008 Sub-Prime Blues
More informationGoverning Body 310th Session, Geneva, March 2011
INTERNATIONAL LABOUR OFFICE Governing Body 310th Session, Geneva, March 2011 SIXTEENTH ITEM ON THE AGENDA Report of the Working Party on the Social Dimension of Globalization Oral report by the Chairperson
More informationEconomic Freedom Country Audit Serbia 2016
Libertarian Club Libek Economic Freedom Country Audit Serbia 2016 research education advocacy libek.org.rs Table of Contents Introduction 3 About Fraser Institute 4 Size of Government 5 Sound Money 6 Legal
More informationA Perspective on the Economy and Monetary Policy
A Perspective on the Economy and Monetary Policy Greater Philadelphia Chamber of Commerce Philadelphia, PA January 14, 2015 Charles I. Plosser President and CEO Federal Reserve Bank of Philadelphia The
More informationAlbania Building Competitiveness from the Ground Up
Albania Building Competitiveness from the Ground Up Camille Nuamah Country Manager, World Bank Office -Tirana The Economist 2 nd Business Roundtable with Government of Albania 31 October 2007 The Economist
More informationPerception of the Business Climate in Vietnam May 2015
Perception of the Business Climate in Vietnam May 2015 This year, the American Chamber of Commerce (AmCham) celebrates 21 years serving as the Voice of American Business in Vietnam and our members remain
More informationThe National Trade Support Network Trade promotion network in Mongolia- is it working?
The National Trade Support Network Trade promotion network in Mongolia- is it working? 1. Trade overview Mongolia is a country which is in the transition period from a centrally planned to a market oriented
More informationIMPACT OF GLOBALIZATION ON POVERTY: CASE STUDY OF PAKISTAN
Romain Pison Prof. Kamal NYU 03/20/06 NYU-G-RP-A1 IMPACT OF GLOBALIZATION ON POVERTY: CASE STUDY OF PAKISTAN INTRODUCTION The purpose of this paper is to examine the effect of globalization in Pakistan
More informationEXECUTIVE SUMMARY. Shuji Uchikawa
EXECUTIVE SUMMARY Shuji Uchikawa ASEAN member countries agreed to establish the ASEAN Economic Community by 2015 and transform ASEAN into a region with free movement of goods, services, investment, skilled
More informationCountry report LEBANON
Summary The largest country risks in Lebanon lie in the political sphere, as the conflicts between the coalition party and main opposition party are fierce and hinder any progress on economic reforms.
More informationSECURITY RISKS ADD TO ECONOMIC UNCERTAINTY IN LEBANON
N 46 July 2016 Page 3 Room rates tumble in Beirut as Gulf tourists keep away Page 4 Public debt sees slower growth, default risk rises Page 5 Trade deficit widens to $6.8bn through May on rising fuel imports
More informationSpillover Effects and National Development Goals in Jordan: The Challenges of a Neighborhood in Protracted Crises
Experts Group Meeting Paris Oct. 20 th -21 st 2014 Spillover Effects and National Development Goals in Jordan: The Challenges of a Neighborhood in Protracted Crises Experts Group Meeting On: Formal/Informal
More informationImpact of Global Crisis on attainment of MDGs
Impact of Global Crisis on attainment of MDGs FFF in the Arab Context Adib Nehmeh ESCWA 8 December 2009 Conceptual HD versus (economic Growth) paradigms Critique of neoliberal economy and globalization
More informationAl-Iktissad Wal-Aamal Beirut, december 15-16,2015
Al-Iktissad Wal-Aamal Beirut, december 15-16,2015 & LEBANESE BANKS AND EMIGRANTS DR. HASSAN OBEID Head of Finance Department at Ebs Paris CEO at SUG Financial Services France 16/12/15 Dr. Hassan Obeid
More information>r ""~ L1i'B'E RALS and EUROPEAN LIBERALS ARE THE FIRST TO ADOPT ELECTION MANIFESTO
.. "' >r ""~ L1i'B'E RALS and.-,,. DEMOCRATS for Europe PARTY EUROPEAN LIBERALS ARE THE FIRST TO ADOPT ELECTION MANIFESTO In 2014, we will have the opportunity to shape the future of Europe at a crucial
More informationMIDDLE EAST NORTH AFRICA
MIDDLE EAST NORTH AFRICA MIDDLE EAST AND NORTH AFRICA Stretching from Morocco s Atlantic shores to Iran and Yemen s beaches on the Arabian Sea, the Middle East and North Africa (MENA) region remains central
More informationHuman capital and employability in the 14 Partners of the Union for the Mediterranean (UfM) Euro-Med Employment High Level Group Meeting
Human capital and employability in the 14 Partners of the Union for the Mediterranean (UfM) Euro-Med Employment High Level Group Meeting Ummuhan Bardak, European Training Foundation (ETF) Brussels, 14
More informationThe outlook for the Gulf projects market
The outlook for the Gulf projects market The Confederation of Danish Industry s Middle East Day, Copenhagen 7 December, 2011 Angus Hindley, MEED Research Director MEED Insight MEED Insight is a bespoke
More information1. 60 Years of European Integration a success for Crafts and SMEs MAISON DE L'ECONOMIE EUROPEENNE - RUE JACQUES DE LALAINGSTRAAT 4 - B-1040 BRUXELLES
The Future of Europe The scenario of Crafts and SMEs The 60 th Anniversary of the Treaties of Rome, but also the decision of the people from the United Kingdom to leave the European Union, motivated a
More informationOverview of Main Policy Issues on Remittances
Overview of Main Policy Issues on Remittances Presentation at the WBI Conference on Capital Flows and Global Imbalances, Paris, April 6, 2006 Piroska M. Nagy Senior Banker and Adviser Main points I. Salient
More informationGLOBALIZATION, DEVELOPMENT AND POVERTY REDUCTION: THEIR SOCIAL AND GENDER DIMENSIONS
TALKING POINTS FOR THE EXECUTIVE SECRETARY ROUNDTABLE 1: GLOBALIZATION, DEVELOPMENT AND POVERTY REDUCTION: THEIR SOCIAL AND GENDER DIMENSIONS Distinguished delegates, Ladies and gentlemen: I am pleased
More informationPROGRAM-FOR-RESULTS INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.:PIDC Economic Opportunities for Jordanians and Syrian Refugees Region
PROGRAM-FOR-RESULTS INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.:PIDC0063426 Program Name Economic Opportunities for Jordanians and Syrian Refugees Region MENA Country Sector Trade and Competitiveness
More informationChina s Response to the Global Slowdown: The Best Macro is Good Micro
China s Response to the Global Slowdown: The Best Macro is Good Micro By Nicholas Stern (Senior Vice President and Chief Economist of the World Bank ) At the Global Economic Slowdown and China's Countermeasures
More informationFrom Inherit Challenges facing the Arab State to the Arab Uprising: The Governance Deficit vs. Development
From Inherit Challenges facing the Arab State to the Arab Uprising: The Governance Deficit vs. Development Break-out Group II: Stakeholders Accountability in Public Governance for Development Tarik Alami
More information