The US and its Foreign Relations with the Middle East
The United States is one of the biggest nations when talking about the land density and also in terms of the number of people. The US has risen and re-emerged. It remains one of the quickest progressing economies in the globe and is transforming into one of the busiest and most productive countries in the globe. Motivated by international needs and aided by the emergence of the WTO, the US industries consistently emerge to prominence.
The US currently symbolizes the unbelievable marketing chances for other multinational organizations and companies with their huge and able workforces and growing markets. The US and its Foreign Relations with the Middle East Establishing and applying an integral marketing tactic in the economy of the Middle East countries necessitates a precise, thorough comprehension of the US regarding both the dangers and benefits. Hogan (1996) mentioned that most Middle East countries became members of the WTO just recently and at present is undergoing procedures of finishing a multi-year duration of adjustment.
In a general perspective, the market of Middle East countries has proven its dynamic economic progress over the recent years, intimately connected with the country’s improved merging with the world’s markets. Most people in the US have felt the advantages of the continued progress of Middle East countries’ economy, as proven by quick and controlled upsurge in American exportations to Middle East countries. American exportations to Middle East countries improved to about 25 % in the years prior to 2007.
In 2005, Middle East countries took over the place of the United Kingdom as one of the top countries in exportations. In the case of Middle East countries, Dobson (2000) mentioned that the application of the US foreign policies, which included a lot more than the enhancement of exportations of goods, established a significantly pleasant business and market setting for American business organizations. This enhancing setting led in important upsurge of international revenues for Middle East countries and the US, business opportunities and modernization as well as development in exportations.
Flexible forces released by the establishment of a setting that is very practical for global business functions have therefore played a significant responsibility in the procedures of quick economic progress and sustainability in Middle East countries. Schulzinger (2003) states that there are three major ideas behind the US’ enthusiasm to let Middle East businessmen to invest to their economy: cost-effective work, a progressive, fresh economy, and fair taxes.
According to Houghton (2001), the market of Middle East countries is driven significantly by the government and its institutions and limitations. And sue to the stable government leadership, the US must face the different polices that go with it. In majority of cases, the agreement between the Middle East and US government is essential prior to the start of an industry in Middle East countries. Houghton (2001) noted that one important limitation on the US has been the monetary unit of Middle East countries. It was hard to remove the currencies of Middle East countries out of them.
A US organization controlling industries in Middle East countries had to save its earnings within that nation. In the past years, limitations have been eased, and with various government agreements the currencies can be translated to other monetary units. Normally, US organizations are not allowed to have transactions or have exchange of goods or services directly in Middle East countries, unless these are goods that are also being produced in Middle East countries. This has led in the US organizations having transactions through other multinational connections.
Also, as Middle East countries’ ever growing number of people rises in a consistent basis, so will the economy for the US goods and services. For US organizations, precious goods, modernized services and goods not accessible in Middle East countries have excellent chances. It will be hard to fight on the grounds of prices; thus, US goods will have to set up their economy by other ways, which include modernized competence or by the un-accessibility in the markets of Middle East countries through inner manufacturing.
Based on societal aspects, Middle East organizations and laborers do not really like to reject anyone. In Middle East countries, the development of creative initiatives looks likely to be the result of the presence of modernization that is brought about by the US. Modernization in Middle East countries has significantly altered the industry and distribution statuses, from being motivated by deficits to being purchasers and rivalry motivated. To become progressive and successful in Middle East countries, the US companies need to emphasize on enhancing their quality of products and services.
They are slowly recognizing that the truthful source of market rivalry at present is in the creative aspects and the quick modernization developments that are happening all over the globe. Technology is now a major element of tactical developments in US organizations based in Middle East countries. Industrial progress based on innovative technological improvements is still an unrealized objective, but the ‘procedures’ of technology possession and integration is now under consideration for implementation, connected with the US organizations’ necessity to become stable (Pauly, 2004).
Modernization in Middle East countries has resulted into the dynamic development of creativity-motivated markets which include information technology (IT) and medicinal markets. This has resulted to a fresh kind of business named as the information business and a fresh group of the market named as the information market. This group is at present an important element of the local market of Middle East countries and is responsible for a great part of financial progress.
Modernization established rekindled desires in creative business management in Middle East countries as a major motive for the quick integration of creativity in the Middle East markets and economies. Business management makes up the core in the profit generation procedures in the information market of Middle East countries. The US Foreign Policies and their effects on Middle East In the previous years, as have been observed, Middle East countries have not been the top priorities of investment for the US companies.
Even at the midst of the upsurge decades, US organizations were initially experiencing difficult times to comprehend the progress potentials in Middle East countries, and later formulated weird assumptions. Their priority was on establishing a standard to maintain their competence with their rivals and implementing short-term earnings, rather than setting up an excellent batch of potential leaders with Middle East knowledge who have the capabilities to manage the enterprise for long-term progress and stable development.
Those leaders sent to Middle East countries often became surprised by the number of foreigners from the center of operations needing a discovery of Middle East desires. In the midst of the monetary problems in the late 1990s, the perspective of most US companies was to back out until the problems are solved, ideally leaving a single leader tat will handle simple functions (Paterson, 1991). Others viewed the problems as giving unequal possession chances at discounted prices. But as plenty of them at present recognize, having read it all the time in the newspapers, doing a possession of property is only the start of the journey.
If they are not to become failures in their bids to acquire assets, but attain significant revenues on these assets that their stockholders need, they will need to control their functions in Middle East countries much more efficiently than have ever done in previous years. The US is said to be on the cusp of transformation to become a financial monster in the year 2020 and it can have various impacts to Middle East countries. Various impacts can be experienced by the Middle East organizations.
These involve more intense rivalries, limited chances for them to get involved in the US economy, the reduction of probable consumers, and the lack of capacity to gain profits. When the US gains a financial dominance over Middle East markets this can lead to intense rivalries. The Middle East organizations can experience a difficult time in handling the US foreign policies so they need to produce excellent goods and products. When the US garners financial dominance over Middle East countries, these countries can experience difficult times in entering the US economy.
Not only the will Middle East countries experience intense and possibly greater rivals but they also will have a hard time to enter even the Asian economies. Instead of searching for mechanisms to attain their objectives in the Asian economies they have to initially think regarding the manner to enter their target country. Another impact of the US foreign relations to Middle East countries and the US’ expected financial dominance is the reduction of possible consumers. Middle East countries will have a hard time persuading investors from the US because there can be industries in there that also produces their goods and products.
Finally the US foreign policies provide Middle East countries reduced opportunities to generate profits. Reduced consumers, intense rivalry and failure to manage the economy will lead to reduced opportunities for Middle East countries to generate profits. In the latter years of the 20th century, Middle East companies immediately tried to make their way in the US economy, primarily because of the tremendous upsurge of the value of the US dollar and driven by the exciting possibility of reduced manpower expenses, with huge and quickly progressing industries.
Companies based in Middle East countries remain the biggest local source of international direct investment in the Asian region, a motivating mechanism under that of the continents quickly progressing exchange in products and goods and a major source there of modernization. By analyzing these scenarios, the exchange of goods and modernization is connected to inter-territorial channels, Middle East companies have simply reformed manufacturing across Asia . When the US foreign policies transforms into strict and stringent measures even financial powers Middle East countries will experience the effects.
The major impact to Middle East countries is its gradual decline of the dominance it possesses over the Asian economies. As stated Middle East countries are the biggest source of international direct investment. This is a source of advantage not only for Middle East countries but the entire Asian continent included. Middle East countries will then be the dominant countries in the continent and the power will be equally distributed between the two nations.
Meanwhile the primary impact to Middle East countries is it possessing or inheriting an intense rivalry regarding the manufacturing of technologies that are extremely. Middle East countries’ profits on the modern gadgets can be reduced. It may have no option but to search for fresh modern equipments or ideas to be parallel with the rivalry. Technology is a primary element necessary and given high importance by the consumers in most countries of the globe. This could all become very hard to attain when the US implements a tight and strict foreign relation policies to Middle East countries.
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