Dubai is one of the largest city of the seven Emirates, it has three great potential side of factors of benefits namely trade and hospitality. The important factors driving this benefit are construction, tourism and infrastructure industries. Starting from the earlier decades, use of available oil and gas reserves has made the seven emirates of the UAE to achieve drastic economic growth and positive business conditions. Intelligent investment decisions have led Dubai to become one of the Gulf’s most successful, powerful and rapidly growing economic environment. Since from the growth, Dubai is solemnly established as the business, financial and commercial spot in the Middle East region.
The development of the world’s largest airline terminal was an impeccable example. The Sheikh’s forceful strategies targeted at turning Dubai into a global business hub were almost yielding fruits by 1970s, as Dubai’s population has grown rapidly to make the city one of the most populous business hubs in the world. The city’s population grew rapidly from the 1960s to 1980s, thanks to Sheikh’s good economic development strategies that expanded the city. Applegate and Norris (2016) assert that by 2014 the city had over 2 million residents. A good population is favourable for the success of businesses, especially the type of businesses that depend on local customers.
In Dubai, a large percentage of economy comes from tourists . Dubai has both modern and old-style buildings which fascinate tourists. Some of the top tourists attractions in Dubai are Burj Khalifa, the tallest building in world, and Palm Jumeirah. Recently Dubai has been known as the ‘’ shopping capital of the middle east ‘’ due to the large number of shopping centers that they have various types of high quality goods, and the prices are reasonable. Global Village which is one of the famous shopping and entertainment destinations in Dubai, offers people the opportunity to become familiar with other countries’ cultures, and different
Our Location Guatemala The Business Process Outsourcing (BPO) sector of Guatemala one of the fast developing industries contributing a significant share to the country’s economy. Guatemala, which lies strategically in the heart of America, is renowned worldwide for its wide cultural diversity, friendly people and beautiful landscapes but it has more to offer as an excellent business destination. According to the 2014 Doing Business published by the World Bank, Guatemala ranks first in Central America and is on the top 10 countries of Latin America and the Caribbean due to the country's efforts in improving competitiveness and in facilitating the conduct of business. When it comes to outsourcing, business owners have found many advantages in
1. a) Agglomeration economies are a significant power that help distinguish the advantages of the "clustering effect" of enormous amount of activities varying from transport to retailing terminals. There are three chief categories of agglomeration economies: Urbanization economies involve the cost savings wired with manufacturing in a large city, more by reason of inexpensive and intermediate services, goods, extremely large labor pool and extensive knowledge spillovers. World-wide known Dubai is a great example of Urbanization. In United Kingdom can be noticed in Wiltshire, Swindon and Buckingham shire. These towns show of the rapidest growth rates in Europe.
2. Political factor The free trade policy has been used, which means Hong Kong maintains no barriers on trade. Therefore, Hong Kong does not charge tariff on importation or exportation of goods. 3. Economic factor Interest rate in Hong Kong was last recorded at 0.50 percent which is a significantly low interest rate that make audio-related market in Hong Kong attractive.
・Economic Singapore is one of the world’s least corrupt and most successful countries in terms of its economic welfare. Ex-president Lee Kuan Yew greatly contributed to the success. He did the strategy of accepting international trade and economic liberalization. Thanks to that, today Singapore is open business and efficient regulatory. They show the high trade freedom.
3 Ratio Analysis The following are the detailed Ratio Analysis of Cyient Company. RATIO CYIENT VALUE COMMENT REASON 2014 2013 CURRENT RATIO (%) 4.59 4.57 IDEALLY GOOD If a company is having 2:1 ratio then its value is said to be ideally good. Such that the value must be greater than 1.As a value is greater than 1 so it is said to be ideally good. DEBT-EQUITY RATIO (%) 0 0 - As our company is debt free company. There is no debt DEBTORS TURNOVER RATIO(DAYS) 87 95 GOOD As number of days got reduced it shows that company is doing its business Sales in less time period.
However with the introduction of tourism industry, which opened up the country to the outside world resulted in immense economic progression. From one of the lease developed countries, today Maldives enjoys the highest GDP per head in the region and has a stable economy. It is also considered as one of the most exclusive and expensive brands in the world of tourism. So, for Maldives to reach where it is today, globalization has played a direct role. From getting foreign investors to developing professionals for the field, globalization was a key aspect.
The rapid growth of urbanization is a continuing process in developing countries including Pakistan. Urbanization is highly effective for economic growth as cities are called engines of growth. Urbanization produces economies of scale for entrepreneurs and provides higher wages and dividends. It also plays its part in reducing rural poverty. Mathur (2013) says there is strong relationship between urbanization and increased GDP and migration to the city provides a route out of poverty for many people.