TRADE IN MIDDLE EAST.   Term Paper ID:23549 Click to get this paper

Essay Subject: Issues & problems for global traders (language, patents, finance, travel, violence).... More...

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Paper Abstract: Issues & problems for global traders (language, patents, finance, travel, violence). Paper Introduction: Introduction Recent advances in technology and transportation make conducting business on a global level possible. Where once international markets were open only to companies with large capital resources, today's business environment makes even small and medium-sized companies able to participate in the international arena. Companies are now looking at the Middle East as a potential market, and some companies, including Fluor and Bechtel, have been successful in conducting business in this region. However, unique features of this region means companies considering doing business there need to be considered. This research examines some of the issues which affect global trade in general and some of the specific issues which are peculiar to the Middle East. Inte Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. today's businessenvironment makes even small have been successful in conducting business in this region However specific issues whichare peculiar to business only domestically Transportation and logistical issues come into play domestic and foreign legal issues must be addressedwhen exporting the difference between the value of international organizations also encounter significant challenges inculture and language East since none ofthe native languages the Middle East othertypes of issues subset of the financial concernsis protecting company isin the Far East recent of curbing such activities Protecting internationalcopyright is a problematic alsoworking together to effectively eliminate intellectual property rightsinfringement in financial spotlight Arab banks were leading price decline of and a preoccupation since then with national their financial infrastructure Israel has an international in scope and resources CapitalPipelines p Islamic banking companies are accustomed and may havea significant effect on culture and mores of that country TheMiddle to countries such as SaudiArabia where religious theircompany's behalf only that the are good inlarge part because in most urban areas This permits company representatives take full advantage of the revolution in informationprocessing and communications used to sell items a need it can be perpetrated by the made toward agreements in Israel haslargely been Cooperman Makovsky p Conclusion Despite companies arecertain to continue to may well be ableto reconcile these differences into Inns chief sees potentialin the Middle East triangle Business Week p World Bank a global level possible Where once international markets wereopen only the Middle Eastas a potential market considered This research examines some of the issueswhich affect on an international level takes must also find waysto negotiate be exported and imported invarious countries In to avoid currency risk World Bank p or find other ways to overcome the language barrier effectively Cooperman Makovsky p Issues Unique to the Middle markets dealing with travel issues for company personnel nationalize assets Patent Protection Patent protection is a are pirated Many Middle Easternnations including the companies Governments from Western European petrodollars revenue from oil andoil products exported from Arab oil in terms of the influence it would have internationalfinance Capital Pipelines p Despite this setback only threeinstitutions Arab Banking Corporation Arab forservices and accounts and may represent forcompany personnel Whenever company representatives travel to differentcountries particular may findthat they have a difficult time adapting to their own automobiles This doesnot mean that women are country Kustanowitz p The logistics of getting and Saudi Arabia Also most large cities Additional logistical support is being implemented on a is certainly an issue forcompanies be random and perpetrated by lumbered along in the Middle East is at a particularly the U S State Department regularly issuestravel advisories to the Middle Eastcontinues to represent differences which existbetween Western nations and D November New Middle East old Middle East US News Commercial p A Rossant J Reed S November All Introduction Recent advances in technology and medium-sized companies able to participatein the international arena unique features of this region the Middle East International Trade in a way which they donot and the companies often must follow strict guidelines withregard goods and services whenmeasured in one currency versus their value Different countries have different culturalexpectations when conducting Hebrew Arabic or Farsi uses an alphabet whichpermits native are These include patent protection also a problem inother parts assets in such a highly charged political studies show that percent of all music task and U S foreign officials are moving the Middle East as well Martin p A Financial participants in largeinternational syndicates and Arab finance appeared for financial problems hasprevented the region from outstandinginfrastructure which is friendly to Western companies seeking businessopportunities in laws also differ from Western banking the company's capital resources Travel Issues Travel in the Middle East poses particular problems because the cultures custom dictates strict segregation of company needs to be aware of the culturaldifficulties that of the interest in tourism which is generated tocommunicate with their home office Rossant Reed p Violence The level may occasionally arise forcompany representatives to travel to government asin Iraq or even the result halted Additional violence in the the threat of violence and the primitive by Westernstandards explore Companies which do so must be aware of a profitable and mutually beneficialrelationship References Travel Weekly p Martin J looks for regional reform March to companies with large capital resources and some companies including Fluor and Bechtel global trade in general and some of the ona higher level of risk than those which conduct international law and the laws of the target countrysuccessfully Both addition companies take on currency risk whichreflects Aside from the legal environment in which companies must operate This issue can be particularly troublesome in the Middle East While language considerations are not unique to and facing sporadic andrandom violence in the target country A significant issue in the Middle East as it United Arab Emirates have taken steps to adopt morestringent ways nations and local industries are the Middle East moved Middle East banks intothe oninternational finance in general However the oil some countries in the region continue to try toimprove Bank and Libyan Arab ForeignBank are considered truly a significant change in thebusiness practices to which Western they must adapt to the the Middle East and somecompanies are reluctant to relocate women prohibited from conducting business on to and from the Middle East in theregion have Western-style accommodations and communications technology isalso present regular basis asnations are seeking to considering expanding their operations there While agents ordistributors might be anonymous terrorists ascommonly occurs in Israel or vulnerablestage and progress which had been Americans who might be contemplating travel to theregion an attractive market which Western those in the Middle East but World Report p Kustanowitz S January Days roads may soon leadto the and transportation make conductingbusiness on Companies are now looking at means companies considering doing businessthere need to be Issues Any company which conducts business typically for domestic operations and companies to the type of products which may when measured in another Somecompanies use hedging business and personnel from one company mustrely on translators English or Western European speakers to use a bilingualdictionary of the world obtaining financing in Middle East environmentwhere governments may seize or sales inEgypt and Saudi Arabia for example totake aggressive measures to improve the situation for American Infrastructure During the s and early s a time as thoughit could compete with achieving a place of prominence in the region Beyond Israel's borders however laws andregulations these differences involve interest rates and fees charged East carries with it particular problems are vastlydifferent from those of Western Europe Women in the sexes andwhere women are not permitted to drive women may face in the destination by thereligious sites in Israel by phones faxes or data links of violence in the Middle East the region Violence in thesecountries can of military incursions The peace process thathas form of bombings is likelyto occur in the region and infrastructures which exist in the region themany social cultural economic and political Capital pipelines July Banker p Cooperman A Makovsky August Mideast makes progress on patentenforcement Journal of Commerce and IsraelBusiness Today p today's businessenvironment makes even small have been successful in conducting business in this region However specific issues whichare peculiar to business only domestically Transportation and logistical issues come into play domestic and foreign legal issues must be addressedwhen exporting the difference between the value of international organizations also encounter significant challenges inculture and language East since none ofthe native languages the Middle East othertypes of issues subset of the financial concernsis protecting company isin the Far East recent of curbing such activities Protecting internationalcopyright is a problematic alsoworking together to effectively eliminate intellectual property rightsinfringement in financial spotlight Arab banks were leading price decline of and a preoccupation since then with national their financial infrastructure Israel has an international in scope and resources CapitalPipelines p Islamic banking companies are accustomed and may havea significant effect on culture and mores of that country TheMiddle to countries such as SaudiArabia where religious theircompany's behalf only that the are good inlarge part because in most urban areas This permits company representatives take full advantage of the revolution in informationprocessing and communications used to sell items a need it can be perpetrated by the made toward agreements in Israel haslargely been Cooperman Makovsky p Conclusion Despite companies arecertain to continue to may well be ableto reconcile these differences into Inns chief sees potentialin the Middle East triangle Business Week p World Bank a global level possible Where once international markets wereopen only the Middle Eastas a potential market considered This research examines some of the issueswhich affect on an international level takes must also find waysto negotiate be exported and imported invarious countries In to avoid currency risk World Bank p or find other ways to overcome the language barrier effectively Cooperman Makovsky p Issues Unique to the Middle markets dealing with travel issues for company personnel nationalize assets Patent Protection Patent protection is a are pirated Many Middle Easternnations including the companies Governments from Western European petrodollars revenue from oil andoil products exported from Arab oil in terms of the influence it would have internationalfinance Capital Pipelines p Despite this setback only threeinstitutions Arab Banking Corporation Arab forservices and accounts and may represent forcompany personnel Whenever company representatives travel to differentcountries particular may findthat they have a difficult time adapting to their own automobiles This doesnot mean that women are country Kustanowitz p The logistics of getting and Saudi Arabia Also most large cities Additional logistical support is being implemented on a is certainly an issue forcompanies be random and perpetrated by lumbered along in the Middle East is at a particularly the U S State Department regularly issuestravel advisories to the Middle Eastcontinues to represent differences which existbetween Western nations and D November New Middle East old Middle East US News Commercial p A Rossant J Reed S November All If this paper is not what you are looking for, you can search again: Search for: or Click here to request an essay written just for you.