DHL’s third edition of Global Connectedness Index (GCI), a detailed analysis of the state of globalisation around the world, has revealed the UAE as the most connected country in the MENA region, ranked 12th out of 140 countries worldwide, jumping six places since 2013.
“The UAE is essentially a gateway to the rest of the world and a trade route that has grown immensely over the years. It is becoming one of the world’s busiest logistics hubs. Given its location between the east and west, we understand the importance of offering the best-in-class when it comes to logistics solutions, thereby continuing to invest in the UAE and across the rest of the GCC as part of our aggressive expansion plans,” says Frank-Uwe Ungerer, country manager, DHL Express UAE.
“In the aftermath of the financial crisis, globalisation has increasingly come under pressure and international trade negotiations face growing resistance,” observes Frank Appel, CEO Deutsche Post DHL. “In this environment of uncertainty, the DHL Global Connectedness Index offers a comprehensive, fact-based understanding of globalisation and demonstrates the huge potential for countries to further increase their connectedness. I am convinced that a prosperous world needs more, not less integration.”
The DHL Global Connectedness Index 2014 documents the substantial shift of economic activity to emerging economies that is pushing the world’s economic centre of gravity eastward. Emerging countries are now involved in the majority of international interactions whereas before 2010, the majority of international flows were from one advanced economy to another. Notably, the 10 countries where global connectedness increased the most from 2011-to-2013 are all emerging economies, with Burundi, Mozambique and Jamaica experiencing the largest gains.
Advanced economies have not kept up with this shift. This suggests that they may be missing out on growth opportunities in emerging markets. “Counteracting this trend would require more companies in advanced economies to boost their capacity to tap into faraway growth,” states Professor Pankaj Ghemawat, co-author of the report and internationally acclaimed globalisation expert and business strategist. “This is particularly evident in light of the fact that a decade-long trend towards trade regionalisation has gone into reverse.” In fact, the GCI 2014 reveals that every type of trade, capital, information and people flow measured has expanded over greater distances in 2013 than in 2005, the report’s baseline year.
The 2014 index results
In addition to a comprehensive overview on the state of globalization, the 2014 report also provides detailed insights into the connectedness of individual countries and regions. The Netherlands retained its top rank as the world’s most connected country and Europe is once again the world’s most connected region. All but one of the top 10 most globalised countries in the world is located in Europe, with Singapore as the one standout.
North America is the second most globally connected region and leads on the capital and information pillars, with the US as the most connected country in the Americas. Overall the US is ranked 23rd place out of the 140 countries measured by the GCI. The largest average increases in global connectedness from 2011-to-2013 were observed in countries in South and Central America and the Caribbean. MENA was the only region to experience a significant decline in connectedness.
With coffee being a preferred beverage, the GCC coffee industry has seenOctober 30, 2023 | By RetailME Bureau
Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour
BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by
The World Economic Forum, with support from the Government of the United
Food consumption in the GCC is set to grow at a CAGR
Carrefour, operated by Majid Al Futtaim in the UAE, has set up
GMG’s Everyday Goods – Retail division is now expanding into the country’s
Following a partnership deal between food and grocery retailer Spinneys Dubai and
Ask any entrepreneur worth their salt and they will tell you the
A regional food and beverage (F&B) major Agthia Group PJSC has signed
Amid constraints of current inflationary pressures leading to significant price hikes averaging
At a time when 1/3 of the world’s food is wasted, a
Global heavyweights from around the world are confirming their participation at InFlavour,
Brands For Less Group announces the forthcoming launch of its first Brands For
Amazon Saudi has opened a new fulfilment centre in Riyadh with a
UAE-based diversified family-owned business Al Khayyat Investments (AKI) has broken ground on
As mega shopping event Black Friday coincided with mega sporting event FIFA
Dubai Trade and Dubai Chamber of Commerce, one of three chambers operating
Integrated trade, logistics and industrial hub of Abu Dhabi and a fully-owned
Middle East’s online baby store Mumzworld expands operations to EZDubai, a fully
One of Amazon’s same-day site in Sacramento California, SCA5 is set to
Retailers around the world are under tremendous pressure due to supply chain
Delivery expenses, including returns and damages, are currently some of the major
Amazon has announced the opening of its largest delivery station in Abu
India’s leading retailer Reliance has called off its $3.4 billion deal with