Global Trade & Issues
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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.Any company which conducts business on an international level takes on a higher level of risk than those which conduct business only domestically. Transportation and logistical issues come into play in a way which they do not, typically, for domestic operations, and companies must also find ways to negotiate international law and the laws of the target country successfully. Both domestic and foreign legal issues must be addressed when exporting, and the companies often must follow strict guidelines with regard to the type of products which may be exported and imported in various countries. In addition, companies take on currency risk, which reflects the difference between the value of goods and servi
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U.S. foreign officials are moving to take aggressive measures to improve the situation for American companies. Governments from Western European nations and local industries are also working together to effectively eliminate intellectual property rights infringement in the Middle East, as well (Martin, 1996, p. 4A).
Financial Infrastructure
During the 1970s and early 1980s, petrodollars (revenue from oil and oil products exported from the Middle East) moved Middle East banks into the financial spotlight. Arab banks were leading participants in large international syndicates, and Arab finance appeared, for a time, as though it could compete with Arab oil in terms of the influence it would have on international finance in general. However, the oil price decline of 1986 and a preoccupation since then with national financial problems has prevented the region from achieving a place of prominence in international finance ("Capital Pipelines," 1995, p. 67).
Despite this setback, some countries in the region continue to try to improve their financial infrastructure. Israel has an outstanding infrastructure which is friendly to Western companies seeking business opportunities in the region. Beyond Israel's borders, however, only th
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Some common words found in the essay are:
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Approximate Word count = 1294
Approximate Pages = 5 (250 words per page)
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