Multilateral Relations Between Africa And Africa - 1407 Words

Introduction Africa, once regarded as ‘good for nothing but exploitation’, however, the block has gradually gained modest relations, and aspiring to cultivate a multifaceted partnership with major global political players in all directions from Left-Right, East–West, North-South, and South-South. The two major partners forged their own cooperation are Peoples Republic of China and United States of America and the partnerships they created are known as Sino - Africa relations named ‘Forum on China-Africa Cooperation’ (FOCAC), and US – Africa which is dubbed ‘African Growth and Opportunity Act’ (AGOA) respectively. Some other multilateral relations with Africa are: Japan-Africa is known as the Tokyo International Conference on Africa’s†¦show more content†¦For example, China follows a dualist approach, meaning it aspires to secure good economic and political cooperation with African states as well as, try to emulate friendly relation with the African Union as a block. However, US maintained more tie with African states, with relatively less enthusiasm to strike meaningful cooperation with the Union (Nyang, 2005; Thrall, 2015). It is not to say that America is affected for following more traditionalist approach towards Africa but hopefully, African foreign policy makers and leaders make calculations how they are situated In US foreign policy not only today but also how they were treated historically taken into consideration. Apart from misinformation about Africa economic potential, the gap, especially between US and Africa in terms of political ideology and of stage of development continue to be the main reasons responsible for the kind policy priorities these partners pursue. However, despite scarce and inaccurate information concerning African economic performance at first, China has consistently involved in African investment venture, while US has been a distant player in real economic terms of engagement as they have not developed the kind of challenge- proof- skin to the African realities being limited to political sphere of influence. As a result of this, ChinaShow MoreRelatedThe Impact Of Chinas Foreign Policy In Africa974 Words   |  4 Pagesexpanded and intensified its bilateral relations throughout the world; it has joined regional bodies dealing with security and economic issues, and has extended its involvement in multilateral organizations. As a result, China’s foreign policy as a whole is by and large considered to be more dynamic, constructive, flexible and self-confident than was the case during the preceding decades (Medeiros Taylor Fravel 2003; Sutter 2004). The Sino-African relation has seen an explosive growth in over theRead MoreThe Long Term Potential Growth Rate Of South Africa Essay1006 Words   |  5 PagesThe long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%.Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade, compared to world growth of 3.1% over the same period. The high levels of unemployment, at over 25%, and inequality are considered by the government and most South Africans to be the most salient economic problems facing the country. These issuesRead MoreMore or less a third of the entire world’s stock market capitalization is represented by the five600 Words   |  3 Pageswhich is nearly twenty five percent of the global gross domestic product. South Africa must seize the opportunities provided as a result of being a member of BRICS. 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For instance, a study which was carried out by World Trade Organization (WTO) (2008), for the period 1950-2007 shows that export increased by 2.7 percent faster than gross domestic product (GDP). Obviously, regional economic integrations played a vital role in promoting world trade in terms of both quantity and quality of goods and services traded. In light of persistent political and economic problems in Africa, regional economicRead MoreNeocolonialism: the Relationship Between Superpowers and the Developing World1622 Words   |  7 Pagesrelationship between superpowers and the developing world is a neo colonial one. (15) The dominating capitalist ideology from superpowers has led to extreme inequalities between core and peripheral nations, which has resulted in an unstable relationship with the developing world. Neocolonialism is a geopolitical practice in which a superpower perpetuates its economic and political hegemony on underdeveloped nations. This indirect and ‘disguised’ Imperialism has continued in variable degrees between colonialRead MoreThe Effects of Globalization1678 Words   |  7 Pagesis commonly referred to as a global village (Egnatz, 2011). South Africa is integrated highly into the world economy. South Africa is the strongest African economy and has attained positions like being a member of G8 .All these are as a result of globalization. Globalization has had an impact on the economy, the government and social nature resulting to some effects. The paper will look at how globalization has affected South Africa under several categories. It will also give an explanation on theRead More Economic Networking—Exploring Alternatives for Promoting Sustainable Development in Africa2914 Words   |  12 PagesEconomic Networking—Exploring Alternatives for Promoting Sustainable Development in Africa INTRODUCTION The history of European aid intervention in the African, Caribbean and Pacific (ACP) states has traditionally acted to reinforce the hierarchical distinction between the â€Å"developed† and the â€Å"developing† world. The series of Lome Conventions which granted preferential trade agreements between these groups of countries have proved ineffective in encouraging economic sustainability in the ACPRead MoreBrics Case Study1020 Words   |  5 PagesEconomic BRICs – as part of an economic modelling exercise to forecast global economic trends over the next half-century.† BRICS – breaking it down is a combination of the first letters of its members: - Brazil; Russia, India, China and South Africa. 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Financial Market and Abu Dhabi Securities †MyAssignmenthelp.com

Question: Discuss about the Financial Market and Abu Dhabi Securities. Answer: Introduction: The business model that Abu Dhabi stock exchange should adopt is unification. A stock exchange is an institution where stocks are bought and sold (Kennon, 2017). The value of the stock varies and changes depending on time and season. Trading is done on specific hours on certain business days. When a business issues shares to raise capital that is an exchange (Wells, 2014). When the shareowner decides to sell the shares, it is easier to find a buyer through a stock exchange. The ideal business operation model for Abu Dhabi foreign exchange would be unification. This is because this model is suitable for companies with high standardization and high integration of business processes (Meier, 2013). Business process standardization refers to the level to which your business processes (and supporting systems) are defined and executed regardless of who is executing the process and the location in which it is performed (Flemings, n.d). High level of standardization is important since it enables an enterprise to give measure to processes and compare it with other similar processes executed in different locations. In a unification operation model, different organization units have high levels of linked shared data and processes. This is referred to as high integration. Operations are done using digital objects. Using the information gathered using these digital objects and digital means, decisions are made by an executive or management team that have high leadership capabilities (Paltinieri, n.d). Services offered by Abu Dhabi stock exchange are shared among different business units and customers. These business units have shared customers and suppliers. The customer and product data are stored digitally. This information is made available in all departmental and business units. Infrastructure technology and application systems The technological infrastructure and application systems of Abu Dhabi stock exchange are very advanced. The company is always up to date with new innovation and trend. It has a research team that is always researching and on the lookout for new innovations to integrate with its business processes. Component High Medium Low Customer data Product data Infrastructure technology Application systems System component technology Shared service Portal technology Middleware technology Operational process Decision-making process Business process integration Business process standardization Abu Dhabi foreign exchange business operating model sketch Workflow manager Abu Dhabi stock exchange can be referred to as digital masters. This is because it has almost 57 percent IT executives and 39 percent of business executives. This means that it has a high digital capability and leadership capability. This is the highest level of digital maturity. Such enterprises are sometimes referred to as the pacesetters. These enterprises are characterized by very high digital capabilities and leadership capabilities. Other characteristics include: Strong overarching digital vision This is embracing and having a digital vision. Today, the world has changed and most organizations are including technology in all of their process. Abu Dhabi stock exchange has adopted this too as it has greatly increased its digital capabilities over the years. It has employed many information technology employees. Abu Dhabi foreign exchange has a vision and plan to go digital and paperless in a few years to come (Wells, 2014). Due to good leadership capabilities, Abu Dhabi foreign exchange is optimistic that it will achieve this goal. Abu Dhabi stock exchange executives have integrated the digital transformation power in their vision, plan, and strategies. Abu Dhabi stock exchange is one of the organizations enjoying good governance. The managers do their job right and employees are in an environment where they can work comfortably without any infringements of their rights. The executives of Abu Dhabi stock exchange have formulated strategies that will help them in transformative digital technologies. They also pay a lot of attention to improving digital technologies. These executives who aim for incremental improvement get that through incremental vision. Abu Dhabi stock exchange has had very many digital initiatives that have led to better business. They recently opened a new global headquarters. These new premises have amazing digital capabilities. It has digital screens, faster connectivity, single data center which is important for business functionality (Cfi.co, 2016). Managers have developed a working knowledge of digital trends hence lead their organizations well and in the right way. This helps them to respond naturally and positively to the change in technological environment. Abu Dhabi stock exchange has a high digital value due to its high embracement of digitization. For this reason, the companys digital capabilities are very high. Its leadership capabilities is also at its best because leaders can make good decisions after analyzing the data that is collected and stored using very powerful digital objects. Playbook components for digital masters A playbook consists of a set of rules that are viewed to be ideal for one to qualify for a particular position, activity or industry. Abu Dhabi stock exchange must always have a digital vision and a well-planned and crafted digital strategy A strategy is very important for every organization. A digital master always has a set of plans on how to reach its digital vision. A digital master consists of executives that have a common dream (John). Abu Dhabi stock exchange must always be courageous to remain on the vanguard of digital transformation with quantum lead (Jeanne). Digital masters are enterprises that are not scared or afraid of trying new technology and innovations. Abu Dhabi stock exchange must always pay more attention to research so as to develop better and more advanced digital capabilities into their foundation business. So as to always achieve results, there should always be a strong digital governance discipline. The executives should always be disciplined digitally. They should use the digital objects and resources for the betterment of Abu Dhabi stock exchange. Great technological and business minds should always be Abu Dhabi stock exchanges shield so as to remain as a digital master. It should focus on hiring only the highly skilled employees. Employees should be trained as often as possible too. Good leadership should always be mindful of each moment (ALKhateeb, 2016). The managers should be digital explorers, always be on the lookout for new technological innovations. Their minds should always have a clear purpose. They should pay attention to extreme details. They should be trained as often as possible to enable their mindsets to be engaged. Training helps improve a persons skills and know-how. Positive thinking. The management and their employee should always be positive thinkers. They should always assume that something good is going to happen. No one knows the future, but having positive energy helps one do a better job. A company cannot have a strong digital vision if the management is always pessimistic. It helps to hope that things will always be okay. Set optimistic strategies. Yes, digital masters never ignore any risks but they dont hope that the risks shall come to pass. Optimism will enable Abu Dhabi stock exchange to concentrate on success. Abu Dhabi should always filter noise from signals and have a learning mindset (Salim, 2000). Filtering noise from signal means from every information the management receives, it should be able to tell what useful information is and what is not. The management should consist of individuals who are more than willing to learn. There is always new information given every day and no one should think he/she knows it all. A learning mindset is very important. The management should have a helping mindset. It should build collaborative internal teams with and organization. Employees should help each other and the employer should also help others whenever there is a need and accept help whenever he/she needs it. Success in digital transformation will mainly depend on people in an organization help each other. The management should get to know what motivates the employees and what they should do to ensure maximum productivity. The management should help other be a better version of them even through training to bring out the best in teams. Work Cited ALKhateeb, Saleh ADX Listed Companies Achieves 100% in Disclosure ComplianceAbu Dhabi Security exchange. Abu Dhabi security exchange.4th March.2016. Web.30th March.2018. https://www.adx.ae/English/News/Pages/20170403081328070.aspx. Cfi.co Abu Dhabi Securities Exchange (ADX): At the Heart of Vision 2030. Cfi.co. Capital Finance International.26th June 2016. Web. 30th March 2018. https://cfi.co/finance/2016/04/abu-dhabi-securities-exchange-adx-heart-vision-2030/. Flemings, Sharon.Whats your operating model (and why you should think about it)? Insightful solutions. Insightful Solutions, n.d. Web. 30th March.2018. https://www.insightfulsolutionsinc.com/Articles/Whats_Your_Operating_Model.htm. Jeanne W. R. Enterprise Architecture as Strategy. Boston, MA. Harvard Business School Press, 20th Aril.2006. Harvard Business School Press. Web. 30th March. 2018. John, R.A. Abu Dhabi Securities Exchange Sustainable Stock exchange initiatives. Sustainable Stock exchanges initiatives. N.d. Web. 30th March.2018. https://www.sseinitiative.org/fact-sheet/abu-dhabi-securities-exchange/. Kane,Frank.Abu Dhabi Global Market thinking big with new stock market plan Business. The National, 26th July. 2016. Web. 30th March. 2018. https://www.thenational.ae/business/markets/abu-dhabi-global-market-thinking-big-with-new-stock-market-plan-1.156127. Kennon, Joshua.Stock Exchange Definition and Explanation for New Investors,the balance. About, Inc.,7th April. 2017. Web. 30th March. 2018.https://www.thebalance.com/what-is-a-stock-exchange-358113. Meier, J.D.Diversification, Coordination, Replication, and Unification,Microsoft|developer.Microsoft,24thFebruary. 2013. Web.30th March. 2018.https://blogs.msdn.microsoft.com/jmeier/2013/02/24/diversification-coordination-replication-and-unification/. Paltrinieri, Andrea, Stock exchange industry in UAE: An assessment of potential merger between Dubai financial market and Abu Dhabi securities exchange emerald night. Emerald publishing limited. N.d. Web. 30th March. 2018. https://www.emeraldinsight.com/doi/abs/10.1108/ijoem-12-2012-0181?journalCode=ijoem. Salim, Abubakar. Abu Dhabi Securities Exchange Business. Digital Media Inc. 15th November 2000. Web. 30th March 2018. https://www.arabianbusiness.com/companies/abu-dhabi-securities-exchange-67054.html. Wells, Ryan. Abu Dhabi securities exchange (adx) goes live with a new trading engine powered by Nasdaq omx. Nasdaq. N.p . 23rd April. 2014. Web. 30th March. 2018. https://ir.nasdaq.com/releasedetail.cfm?releaseid=841854.