Doing Business in the Middle East : A Research-Based Practitioners' Guide.

The book explores the existing and emerging political and legal frameworks, socio-cultural patterns, national infrastructures, regulatory environment, and how to negotiate within them in the Middle East. Includes case studies, examples of effective and ineffective practices and clear take-aways.

Bibliographic Details
Main Author: Budhwar, Pawan.
Other Authors: Pereira, Vijay.
Format: eBook
Language:English
Published: Oxford : Taylor & Francis Group, 2023.
Edition:1st ed.
Subjects:
Online Access:Click to View
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505 0 |a Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- List of Figures -- List of Tables -- Contributors -- Preface -- Part I: The Middle East Business Context -- Chapter 1: The Middle East Context: An Introduction -- The Middle East Context -- Topics Covered in the Book -- Useful Websites -- References -- Chapter 2: Economic Environment in the Middle East: Facts and Initiatives -- Introduction -- GDP per Capita -- GDP Across Sectors of the Economy -- Unemployment -- Progress Toward Economic Diversification and Ease of Doing Business in the GCC Region -- Conclusions -- Notes -- References -- Chapter 3: The Political Environment in the Middle East: A Comparative Analysis of the UAE, Egypt, and Iraq -- Introduction -- Political and Economic Environment -- The UAE -- Advantages and Benefits of the UAE's Political and Economic Environment -- Constraints and Disadvantages of the UAE's Political and Economic Environment -- Egypt -- Advantages and Benefits of Egypt's Political and Economic Environment -- Constraints and Disadvantages of Egypt's Political and Economic Environment -- Iraq -- Advantages and Benefits of Iraq's Political and Economic Environment -- Constraints and Disadvantages of Iraq's Political and Economic Environment -- Regulations -- The UAE -- Advantages and Benefits of UAE's Regulations -- Constraints and Disadvantages of UAE's Regulations -- Egypt -- Advantages and Benefits of Egypt's Regulations -- Constraints and Disadvantages of Egypt's Regulations -- Iraq -- Advantages and Benefits of Iraq's Regulations -- Constraints and Disadvantages of Iraq's Regulations -- Conclusion -- Useful Websites -- References -- Chapter 4: Changing Legal Framework of the GCC Countries -- Introduction -- Economic Diversification, Ease of Doing Business and FDI Flows to GCC. 
505 8 |a Liberalization of FDI Law in GCC Allowing 100% FDI Participation -- UAE Changes Nominee Shareholder Arrangement -- Changing Commercial Company Law Structure to Host 100% FDI -- Improving Governance in Public Joint Stock Companies and Protecting Composition Scheme -- Extending Reform to Ownership Structure of Public Joint Stock Companies -- Concluding Remarks -- Challenges for Investment in the GCC and Broadly in the Middle East -- Key Takeaway -- Useful Websites -- Appendix I: Reform in the Legal Framework in GCC - at a Glance -- Appendix II -- Appendix III -- References -- Chapter 5: Wasta in the Middle East: A Corruption or an Opportunity -- Introduction -- Wasta and Business -- Scale Development (with 14 Items) - Phase 1 of Study -- Wasta Legitimacy -- Pragmatic legitimacy of Wasta -- Item 1: Wasta is offered to companies' clients to keep and enhance their relationships with them -- Item 2: Wasta is used to speed up certain processes especially when dealing with governmental institutions that suffer from ineffective bureaucracy -- Item 3: Wasta is used because it leads to recruit and hire well-connected employees in the market who bring business to the employing companies -- Item 4: Wasta is used in doing business and getting best offers and deals such as getting tenders -- Item 5: Wasta is used to hire family's members because their competences and experiences are well known by the recruiters -- Item 6: Wasta is used to hire family's members because they are more likely to be committed to their family business and give it a maximum effort -- Normative Legitimacy -- Item 1: Wasta is used to show the commitment and obligation to the families and their members -- Item 2: Wasta is used to meeting friendship expectations of supports -- Item 3: Wasta is used to practices Islamic principle "shafa'a" -- Item 4: Wasta is used as an act of charity. 
505 8 |a Cultural-Cognitive Legitimacy of Wasta -- Item 1: Wasta is exercised because it gives status and feeling of satisfaction to the Wasta person -- Item 2: People who have strong Wasta (supplicant) feel powerful and protected in the society -- Item 3: People use Wasta as a result of absence of the social justice -- Item 4: People use Wasta because they believe that nothing can be achieved or reached without Wasta in the labor market -- Discussion -- Phase 2: Scale Validation -- Expert Opinion -- Scale Testing -- Data Analysis -- Exploratory Factor Analysis (EFA) -- Confirmatory Factor Analysis (CFA) -- Takeaway -- Case Study -- References -- Part II: Conducting Business in the Middle East -- Chapter 6: Entry Modes to Middle East-GCC Markets: The Case of the UAE -- Introduction -- Legal Frameworks Governing Market Entry in the GCC -- Investment Promotion Policies in GCC Markets -- Free Trade Zones -- Foreign Direct Investment -- Trade Routes -- Human Capital -- Theoretical Lens -- Risk Mitigation in GCC Market Entry -- Promoting Responsible Conduct in GCC Markets -- Sector-Related Concerns for Investors -- Renewable Energy Sources -- Development of Smart Cities -- Outward Foreign Direct Investment (OFDI) -- Sovereign Wealth Funds (SWF) -- Property Ownership -- Conclusions -- References -- Chapter 7: Employment Relations in the Middle East and North Africa (MENA) -- Introduction -- Countries and Clusters -- Labour Markets and Regulation -- Management in Practice -- Collective Employee Relations -- Legislative Frameworks -- Freedom to Associate -- Collective Bargaining and Social Dialogue -- Right to Strike -- Labour Protection -- TU Membership -- Conclusions -- Websites -- References -- Chapter 8: Banking and Financial Institutions in the Gulf Cooperation Council Region -- Introduction -- Source of the Asymmetric Difference in Knowledge. 
505 8 |a Banking Regulatory Framework Is Universal and Not Unique to the GCC -- Different National Legal System Is Not Necessarily a Deal Breaker -- Example of the Usage of English Law in Dubai International Financial Centre (DIFC) -- Implications of the Difference in the Legal Systems -- Can History Provide the Strategic Advantage of Doing Business in the Middle East? -- The Role of Central Banks in the GCC Are Like Any Other Country Except for Islamic Banking and Possibly Fintech -- Types of Financial Institutions Supervised by the Central Banks in the GCC -- GCC Has the Characteristics of an Emerging Equity Market -- Like the Developed Countries the GCC Is Vulnerable to Crises -- Conclusions -- Note -- References -- Chapter 9: Accounting and Taxation Systems in the Middle East -- Introduction -- Taxation -- The Middle East and MENA Countries -- History of Taxes and Types of Taxation -- An Overview of the Current Taxes in the Middle East -- Challenges for Foreign Investors and MNCs -- Accounting -- Accounting Systems in Middle Eastern Countries -- Challenges Facing Governments and MNCs -- Conclusion -- Useful Websites -- References -- Chapter 10: Managing Human Resources in the Middle East -- Introduction -- Developments in HRM in the Middle East -- Case Study: UAE and Technology in HRM -- Challenges for HRM in the Middle East - Key Takeaway -- References -- Chapter 11: Conflict Management and Negotiation in the Middle Eastern Workplace -- Introduction -- Interests and Aspirations -- Sources of Power and Influence -- Informational Sources of Power -- Power Based on Position in an Organization -- Personality and Individual Differences -- Networks and Referent Power -- Contextual Sources of Power -- Conflict Resolution Styles -- Trust and Relationship in Negotiations -- Conclusion -- Recommendations: Way Forward -- Useful Links -- Note -- References. 
505 8 |a Chapter 12: Performance Management in the Middle East -- Introduction -- Factors and Sub-factors Affecting PM in the Middle East -- Impact of External Factors on PM in the Middle East -- Collectivism -- Wasta/Nepotism -- Power Distance -- Impact of Institutional Factors on PM in the Middle East -- State-Owned Enterprises (SOEs) -- Family-Owned Enterprises (FOEs) -- Foreign Invested Enterprises (FIEs) -- Impact of Internal Factors on PM in Middle East -- Technology -- Leadership -- Uses of Performance Appraisal -- Legal Uses of Performance Management in the Middle East -- Features of Performance Appraisal in the Middle East -- Conclusion -- Case Study -- FAHR -- Relevant Websites -- References -- Chapter 13: Expatriate Management in the Middle East -- Introduction -- Key Contextual Considerations for People Managers and Expats -- Sociocultural Context of Host Country -- Economic Context of Host Country -- Political Context of Host Country -- Recommendations for Excellence in the ME -- Recommendations for Human Resource Professionals -- Recommendations for Expats -- Conclusion -- References -- Part III: Emerging Themes -- Chapter 14: Gender Issues at the Workforce in the Middle East -- Introduction -- Women's Employment in the Middle East -- Social-institutional Challenges -- Visible and Invisible Inequalities within the Workplaces -- Country Context: Saudi Arabia's Structural and Institutional Changes -- Recommendations to Promote Gender Equality in Middle Eastern Workplaces -- Case Study - Saudi Aramco and the Gender Gap -- References -- Chapter 15: Innovation: The Unconventional Gateway to the Middle East -- Introduction -- Technology Transfer -- Technology Transfer Reality -- Indigenous Technological Capability -- Innovation -- Background -- The Global Innovation Index (GII) -- Egypt -- Saudi Arabia -- UAE -- Conclusion -- References. 
505 8 |a Chapter 16: Government e-Services and Reputation: Case of UAE. 
520 |a The book explores the existing and emerging political and legal frameworks, socio-cultural patterns, national infrastructures, regulatory environment, and how to negotiate within them in the Middle East. Includes case studies, examples of effective and ineffective practices and clear take-aways. 
588 |a Description based on publisher supplied metadata and other sources. 
590 |a Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.  
650 0 |a Investments, Foreign-Middle East. 
655 4 |a Electronic books. 
700 1 |a Pereira, Vijay. 
776 0 8 |i Print version:  |a Budhwar, Pawan  |t Doing Business in the Middle East  |d Oxford : Taylor & Francis Group,c2023  |z 9780367437824 
797 2 |a ProQuest (Firm) 
856 4 0 |u https://ebookcentral.proquest.com/lib/matrademy/detail.action?docID=7216521  |z Click to View