Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - Findings for the region  Join our daily free Newsletter

MENAFN - Arab Times - 21/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The GCC economies fall in the middle of the Index with respect to levels of e-friction, all the countries scoring higher than Turkey, Brazil, China, India and South Africa. In the MENA region, Qatar, the United Arab Emirates, Bahrain, KSA and Kuwait, respectively have the lowest levels of e-friction The digital economy accounts for a larger share of the overall economy in low-friction countries than it does in high-friction countries. The internet economy - as a percentage of GDP - in a country in the top quintile of the BCG e-Friction Index is more than twice as large, on average, as that of a country in the bottom quintile. Because the digital economy is growing quickly (often outpacing the offline economy), high e-friction countries are in danger of missing out on a high-impact propellant of growth and job creation

High- friction countries that address their sources of e-friction have the potential to add significant value to their economies The countries with the lowest e-friction tend to score well in all four components



Their infrastructures are strong, and their supportive businesses and regulatory environments have created vibrant internet economies. At the other end of the scale, problems related to basic access, price, and speed are widespread, as are shortcomings related to capital, labor, and consumers' ability to conduct business online. If e-friction is reduced, small and midsize enterprises (SMEs) will perform better in the digital economy. SMEs that are heavy Web users are almost 50 percent more likely to sell products and services outside of their immediate region and 63 percent more likely to source products and services from farther afield than are medium or light Web users. SMEs encounter friction from a range of sources that slow or prevent them from fully exploiting the internet's potential. The biggest single concern for SMEs is the protection of consumer data online - a prevalent issue for consumers as well



Good policy in a few key areas can have a significant impact on e-friction and can speed the development of internet use and individual countries' internet economies. Policies that promote investment, especially in infrastructure, are essential. Policy responses that fail to take into account how quickly technologies and the innovations they enable are evolving can be the source of more, rather than less, friction. A significant issue of trust with respect to the use of personal data inhibits online interaction in many markets. Since the internet is a global phenomenon, this is a global issue, and it cries out for a comprehensive, global solution. The continued growth of the digital economy depends on limiting internet friction and fragmentation. Most current sources of friction originate at the national or local level. Policymakers in some countries are debating the extent to which certain elements of digital infrastructure, commerce, discourse, and interaction should be brought under greater government control. Precisely because the internet is a global network of networks, the potential is significant for uncoordinated policy to add major new sources of friction




 


Arab Times




  MENA News Headlines
 Mar 30 2015 - '3' Movie-Centric Crime DramaArab Times
(MENAFN - Arab Times) The story of a hotly coveted unproduced screenplay that itself could use some drastic revisions, "3 Holes and a Smoking Gun" proves that there's a chasm-wide difference between ...

 Mar 30 2015 - Arnie's Back For High-Octane 'Terminator: GenisysArab Times
(MENAFN - Arab Times) As promised, the Terminator and the man who originated the steely machine - Arnold Schwarzenegger - are back this summer for another go in "Terminator: Genisys," and Paramount ...

 Mar 30 2015 - Special Chemistry In 'Duets'Arab Times
(MENAFN - Arab Times) Kevin Eubanks has gotten his jazz groove back since stepping down as "Tonight Show" band leader in 2010. On "Duets," he teams with fellow guitar virtuoso Stanley Jordan for an ...

 Mar 30 2015 - Lamar's 'Butterfly' Flutters To No. 1 On US Album ChartArab Times
(MENAFN - Arab Times) It's been a tumultuous week for fans of pop music. From the highs of the lineups announced for Lollapalooza and Outside Lands to the low of the announcement of Zayn Malik's ...

 Mar 30 2015 - AFA Macau Hosts Asian Film AwardsArab Times
(MENAFN - Arab Times) Chinese cinema's leading lights dominated the winners' podium at the starstudded Asian Film Awards on Wednesday, with local stars scooping three of the four top prizes in the ...

 Mar 30 2015 - Pyramide Takes Sales On 'Clash'Arab Times
(MENAFN - Arab Times) French sales company Pyramide International has taken world sales on Egyptian auteur Mohamed Diab's timely Islamic fundamentalism-themed thriller "Clash," now set to start ...

 Mar 30 2015 - CNOOC surprises with 6.6% gain in profitArab News
(MENAFN - Arab News) Cnooc Ltd., China's biggest offshore explorer, reported a 6.6 percent increase in full-year profit Friday, beating the plunge in crude prices that has hit explorers across the ...

 Mar 30 2015 - Pakistan Troops Kill 15 Militants In Gun BattleArab Times
(MENAFN - Arab Times) Pakistani troops killed 15 militants in a clash early Saturday in the Khyber tribal region near the Afghan border as part of a major anti-insurgent offensive, the military ...

 Mar 30 2015 - Fifteen Kuwaiti Jets Join Saudi-Led Airstrikes Against Yemen HouthisArab Times
(MENAFN - Arab Times) The air base, Al-Dailimi, located in the Yemeni capital Sanaa, was repeatedly struck by military aircraft of the GCC-Arab alliance and navigation via the air facility has ...

 Mar 30 2015 - Podolski Spares German Blushes Against AustraliaArab Times
(MENAFN - Arab Times) Substitute Lukas Podolski grabbed an 81st-minute equaliser to rescue a 2-2 draw for 2014 World Cup winners Germany in an entertaining friendly against Asian champions Australia ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help