According to many studies as well as being consistently reported by the mainstream media of the MENA countries, Start-ups in the region do encounter a host of often debilitating obstacles, particularly in the field of advanced technology acquisition. The authors of these studies note that in other regions, techno entrepreneurs do not generally and / […]
In the MENA countries, the role and impact of the Social Media today have no need to be demonstrated; the so-called Arab Spring events have taken care of that. What followed, however, have sadly been outside its grips, all as reported in the regional media. Per AP Cairo, Egypt’s parliament has passed a bill targeting […]
Shadow economy or as labelled Informal Economy in the North African countries of the MENA region commands, according to the local media, some 30 to 50% of their respective economies. It has historically been taken for a long time as the main cause responsible for economic backwardness of the under-developed countries of the world. These countries’ government in a bid to reduce its importance, were at pains trying to draw sizable segments out of the informal sphere of their economies and insert them into economies that are very often stiffened by red tape and / or lacking capital fluidity.
Meanwhile, advances in technology and its increasing coverage would possibly be working the other way around, meaning towards informalizing further all economies by facilitating amongst many things the easy transfer and exchange of money, etc.
This article of the WEF by Charlotte Edmond, Formative Content is explicit about this phenomenon as witnessed in certain countries. This however would obviously apply all over the world but at varying degrees.
All economic activities are enterprise based and these are like any living body in need of renewal and maintenance, in other words, they go through a lifecycle like anybody else. This begins, to carry on the same analogy, with birth. According to the Cambridge Dictionary it means a small business that has just been started. […]
Is Digital Nomadism impacting all life ? Thanks to the recent ICT advances, it is becoming noticeable throughout the world for those successive waves of ‘intellectuals and nonintellectuals’ alike are found to be not required physically in any place of work; work which can be discharged as it were [ . . . ]
An article of The Guardian of July 12, 2015 by Shane Hickey elaborating on one particular business novelty in the shared economy goes on like this: Driving across Norway to take part in a ski-jumping event, Knut Bjerke looked around his car and realised how much spare space he had. “I thought about how much could be transported and would fit into these cars, saving the environment, reducing automotive and transport costs and ensuring rapid and precise deliveries,” said the Norwegian businessman. “As I thought more and more of this idea, I found many different scenarios which would benefit from such a service. . . . all things that could be easily brought on cars, vans, flights, trains and buses. But also, larger items which may be more cost effective to transport than with traditional services.” Read more at the address given above but in the meantime, BROOKINGS in a summary of an article on the shared economy highlighted that [. . .]