Middle East: The Arab world and Israel
This week we studied the Middle East region, the presentation my classmates did, really gave a better sight of it and gave a better perspective regarding the economic, social and cultural aspects.
First, the group started giving us the general information of the region, including the Countries & Territories of the Middle East, Population, Economy, Statehood and International Disputes. Then they talked about the history of the region and then focused on the organizations In Israel and the Arab World.
Something that really caught my attention and made me question myself about, is the fact that even though, all cultures have stereotypes, since 9/11 Arabs have been extremely stereotyped and blamed as terrorists, in places like, the United States and Spain, many Arabs are living rejections and experiencing discrimination. The idea made me think and wonder about, since when I’m traveling and I recognize this people, I get to think the same of them, just stereotyping them as terrorists and bad people.
Furthermore, The IMF did a study a couple of years ago about the effect of some of the post-September 11 changes on the U.S. economy.The assumption is that it cost us around 1 percent of GDP growth. (Graham, E et Al . 2006)
During the last decade its been posible to note an increase in the Arab región finances, there’s an increasing number of financial products and services available that are compliant with Islamic finance. Rising petroleum prices, increased attention on the Middle East as a result of politics, and competition between Bahrain and Dubai for the title of Middle Eastern financial center are other factors contributing to the economic surge. (Di Meglio, F. 2007)
Culture and business organizations within the Arab World
Looking for the most relevant characteristics of the Arab culture I found out that Arabs feel loyalty to the places they come from and to the people they belong to, they are really attached to Generosity, Hospitality, Preoccupation about personal honour and dignity, they feel Respect for authority and Women are regulated and controlled.Taking more into the organizations context, I found out some business culture patterns, including Long term relationships, believing in people instead institutions and another important fact is Arabs don’t show their intimacy.
Business in islam
Business in islam
Man had to work for success and comforts not only for this world but also for the hereafter. Therefore, the Quran not only permitted and encouraged man to involve in all sorts of productive work (such as business), but also enjoined it as a duty upon Muslims. In Islamic business concept, Muslims should be very faithful and God-fearing in any kind of business or trade. Truthfulness, sincerity and honesty are basic ethical value of Islam. A businessman has to be honest, truthful and straightforward in all his business dealings. There is no scope of cheating, speaking lies, swearing too much and false advertising in Islamic framework of business. (Zainul, N et Al 2004)
Middle East Workshop
By: Maria Isabel Arango, Andrea Radi and Carolina Zapata.
1) Why do gulf economies rely on impatriation?
This question has many answers, but one of the most important one is because these gulf countries had a rapid growth in their economies, due to their main income, and the increasing on the price of the oil, mostly in 1970. This fact made the employment rate grow in especially in this period, and this is how an increase on the impatriates and their hiring is explained.
1) Why do gulf economies rely on impatriation?
This question has many answers, but one of the most important one is because these gulf countries had a rapid growth in their economies, due to their main income, and the increasing on the price of the oil, mostly in 1970. This fact made the employment rate grow in especially in this period, and this is how an increase on the impatriates and their hiring is explained.
2) Describe the main features of the policy saudisation.
The main features of the saudisation policy are:
· The private firms were asked to reduce their foreign labor force by 5% per year.· The opportunity to increase women’s participation in some jobs.· The jobs that were given to the impatriates in the public sector.· The Saudis were restricted from some jobs.
The main features of the saudisation policy are:
· The private firms were asked to reduce their foreign labor force by 5% per year.· The opportunity to increase women’s participation in some jobs.· The jobs that were given to the impatriates in the public sector.· The Saudis were restricted from some jobs.
2.1) Why this policy is considerate as key policy for national development?
This policy is considered key because it will help to decrease the unemployment rate. It will also help to stop the dependency of the impatriates for specific jobs.On the other hand, it will make a reinvestment and a recapture on the income, and this will generate human capitals, and know-how.
3) What roles should organizations and the state have to ensure the adaptation of foreign nationals to the Middle East environment?
The organizations should create a special training in language, culture, customs, legal advice and history. They need to adapt to the environment and not wait for the environment to adapt to their way of doing business. They also need to work on the interpersonal skills so they would not have problems on sharing the same knowledge as the Middle East people.They also need to think about having not only the impatriates happy, but also their family.
4) What is the main difference between impatriates and expatriates?
Impatriates The local company asks them to work for a specific amount of time.
Are hired for jobs with no skills needed, most of the times.
ExpatriatesThey are sent by a foreign company to a specific country.They have high positions on their companies and they have professional studies.
References
Arango, Maria Isabel. Organisations and Culture. Class notes. 2009
Are hired for jobs with no skills needed, most of the times.
ExpatriatesThey are sent by a foreign company to a specific country.They have high positions on their companies and they have professional studies.
References
Arango, Maria Isabel. Organisations and Culture. Class notes. 2009
Di Meglio, F. 2007. A Fresh Take on Islamic Finance. Business Week Online; 3/27/2007, p7-7, 1p. Available online at: http://web.ebscohost.com.libgate.library.nuigalway.ie/ehost/delivery?vid=15&hid=6&sid... Accessed on: octobre 23rd 2009
Graham, E & Lewis, J & De Marino, D & Reinsch, W. 2006. How can the US reopen for business to the Arab world. SYMPOSIUM: U.S.-ARAB BUSINESS. Middle East Policy Council.
Zainul, N & Osman, F & Mazlan, S 2004. E-Commerce from an Islamic perspective. Available at: http://www.sciencedirect.com/. Accessed on: October 14th 2009
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