UAE is the most connected country in MENA, says DHL Global Connectedness Index


July 2, 2015 | By RetailME Bureau

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.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B
BinDawood Holding Company earns Honorary Shield for Compliance Excellence

BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by 

Continue Reading

December 6, 2023 | By RetailME Bureau
First Movers Coalition for Food to create up to $20-bn value chain for sustainable farming

The World Economic Forum, with support from the Government of the United 

Continue Reading

December 5, 2023 | By RetailME Bureau
Food consumption in the GCC to grow at a steady pace

Food consumption in the GCC is set to grow at a CAGR 

Continue Reading

November 29, 2023 | By RetailME Bureau
Carrefour urges customers to ‘Choose Better’

Carrefour, operated by Majid Al Futtaim in the UAE, has set up 

Continue Reading

November 28, 2023 | By RetailME Bureau
GMG opens Monoprix outlet in Abu Dhabi

GMG’s Everyday Goods – Retail division is now expanding into the country’s 

Continue Reading

November 27, 2023 | By RetailME Bureau
Spinneys to open second store in Riyadh’s KAFD in partnership with Al-Hokair Group

Following a partnership deal between food and grocery retailer Spinneys Dubai and 

Continue Reading

November 22, 2023 | By RetailME Bureau
From a small home kitchen to becoming B Corp certified: The Hello Chef journey

Ask any entrepreneur worth their salt and they will tell you the 

Continue Reading

November 20, 2023 | By Rupkatha B
Agthia Group

A regional food and beverage (F&B) major Agthia Group PJSC has signed 

Continue Reading

November 2, 2023 | By RetailME Bureau
Double-digit e-commerce growth for UAE & KSA food industry amid inflationary pressures: NielsenIQ

Amid constraints of current inflationary pressures leading to significant price hikes averaging 

Continue Reading

October 25, 2023 | By RetailME Bureau
InFlavour to showcase diversity of KSA’s F&B sector

Global heavyweights from around the world are confirming their participation at InFlavour, 

Continue Reading

September 6, 2023 | By RetailME Bureau




Download Images RetailME Magazine