Quotes: US 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
 Sep 15 2014 - Qatari-Turkish TalksQatar News Agency
(MENAFN - QNA) An official session of talks was held today at the Emiri Diwan between HH the Emir Sheikh Tamim bin Hamad Al-Thani and Turkish President Recep Tayyip Erodogan. During the session HH ...

 Sep 15 2014 - Qatar- HH the Emir Issues Laws /For Local Press/Qatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani issued today Law No. 14 of 2014 issuing law on combating cyber crime. HH the Emir issued Law No. 15 of 2014 regulating charitable ...

 Sep 15 2014 - Qatar- Economy Ministry Launches Three-Month Inspection CampaignQatar News Agency
(MENAFN - QNA) The Ministry of Economy and Commerce stressed the need to adhere to consumer protection act and guarantees given to customers after sales service in order to preserve their ...

 Sep 15 2014 - Peace and Security Conference Opens in ParisQatar News Agency
(MENAFN - QNA) the International Conference on the Peace and Security of Iraq opened here under the co-chairmanship of French President Francois Hollande and Iraqi Prime Minister Fuad ...

 Sep 15 2014 - Philippines braces for impact of powerful typhoonKhaleej Times
(MENAFN - Khaleej Times) The typhoon is expected to hit the northeastern side of the main island of Luzon around sundown with residents prepared for the worst.Manila — Philippine communities on ...

 Sep 15 2014 - Mayor sees red as law disallows beaconsKhaleej Times
(MENAFN - Khaleej Times) Mayors preside over meetings of the elected officials of the civic body.Mayors in Indian cities unlike in many other countries occupy largely ceremonial posts. In Mumbai the ...

 Sep 15 2014 - Returnee nurses gear up for agitationKhaleej Times
(MENAFN - Khaleej Times) A spokesman of the association said they will launch the agitation with a sit-in before the secretariat.Trivandrum - More than 200 nurses who returned to Kerala from the ...

 Sep 15 2014 - Andhra Pradesh seeks special category statusKhaleej Times
(MENAFN - Khaleej Times) The cash-starved residuary state of Andhra Pradesh has reiterated its demand for special category status and liberal grants from the centre for the next five years to boost ...

 Sep 15 2014 - North Korea sentences US man to 6 years of hard laborKhaleej Times
(MENAFN - Khaleej Times) North Koreas Supreme Court on Sunday sentenced a 24-year-old American man to six years of hard labor for entering the country illegally and trying to commit espionage.At a ...

 Sep 15 2014 - Death toll now 40 in Nigeria building collapse: rescuersKhaleej Times
(MENAFN - Khaleej Times) The two-storey building located in the sprawling compound of the vast church complex came down on Friday afternoon.Forty people have now died as a result of a building ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help