Economic Environment of Saudi Arabia Assignment - 1

Economic Environment of Saudi Arabia - Assignment Example However, the high share of consumption occurs in the high-income countries (Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises, 23). An estimate of 1 billion residents are accounted for more than 80% of the global consumption. In Saudi Arabia, an estimate of 4.5 percent of the global population benefits, although it accounts for more than 30% of the global consumption. It is worth noting that developing countries, exhibit accelerating growth and excellent market potentials. In sheer sizes, the developing countries home 80% for the entire world’s population. Based on the needs, 5.5 billion of the national citizens usually aspire to live improved lives. However, the consumptions increase drastically in developing countries, than in the already developed countries. This means that the consumption rate of Saudi Arabia has outpaced high and low income countries in many products groups. Their motor fuel, meat consumption has doubled, and fish consumption has increased drastically since the year 1990. The global credit crisis usually improves the differences ranges. The economies of the huge and low indebted developing nations such as China, and India in contrast to Saudi Arabia and they are improving strongly while developed countries usually struggle with a slow growth of their economic (Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises, 33). The gap between the emerging growth of Asian markets and Saudi Arabia has never increased. However, basing the experience from below the pyramid, the trend signals the developing opportunity for fulfilling the requirements and basic wants of many low-income consumers in the entire world. However, the economy of the Arabian Peninsula has been determined through various contributions of individuals living near the wells and oases. However, through such prospects, it is evident that the slight development is usually presented by the bottom region of the pyramid since it is minimal to be sufficiently profitable for most of the MNEs. The profits are usually constrained considering the need to design and develop low-cost products. These products usually require innovations that blend the old and new technology. The poor countries are the high developing, and they share global consumption that results to the countries occupying the small base. The country's economy dilemma is imposed on how accurately managers estimate the countries potential. The definite resources require that the companies’ invest markets with high potential for profitable performances. Understanding the risk-return tension of global investment option encourages the managers to refine the analysis of economic environments. Managers usually shift analysis from individual level to a collective involvement within the systematic context of the country’s economic environment. In this case, attention is averted from studying the features of individuals understanding of th eir configuration in terms of overall forest. The managers engage in diverse perspectives, and the first focuses on the level of economic systems of Saudi Arabia. This also emphasizes on current policies and practices shape activity (Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises, 38). The second perspective usually entails of dynamic

Essay Convsersion Example | Topics and Well Written Essays - 1000 words

Convsersion - Essay Example ngers to know the exact location of the city buses they intend to board, using GPS network, and thus to avoid longer waiting periods in the cold and rain. Our project idea won the competition and our professor for the marketing subject even went to the extent of advising us to propose the idea to the London Transport Authority. Personally, I was in complete agreement with him. Initially all the four of us were fired up with enthusiasm but eventually my colleagues lost interest in pursuing the idea, overcome by heavy school work and imagined bureaucratic hurdles. I followed the herd, killed my own instinct and dropped the idea altogether. In hindsight, as I see the proliferation of GPS applications now, I realize how I have lost a golden opportunity in not pursuing my own instincts – a lesson well learnt from a mistake. Coming to the second episode, after completing undergraduate degree, most of my fellow students were scrambling for jobs and accepting offers that came their way. On the other hand, I was watching with interest the globalization process and the emergence of China on the world economic scene and felt that in this changed scenario, familiarity with the Mandarin language would be of immense help in the coming days. At that time, I had the option either to accept an offer from an investment bank where I had successfully completed internship earlier or to go to Beijing to learn Mandarin, following my inner convictions. I chose the later option and do not regret it. It proved as one of my best self-improvement investments, as I had to deal with Chinese clients both in my earlier stint with a New York investment bank and after joining my family business here in Singapore. Aptly enough, this response follows upon the previously related incidents and has continuity with them. Before joining my present job, I worked for four years in a couple of comfortable jobs in international banking. They had all the fun of high profile jobs – lot of travelling