>>Because the West has been discriminating against the Arab world, they do not get the Corporate subsidiaries.<<
Why don't they open up their own corporations and compete with those of the rest of the world? Why do they need American or European subsidiaries located there to "colonialize" them? You can't tell me they don't have "seed" capital -where does all that oil wealth go? Ever hear of Nokia? That's a little company in Finland the stock market believes to be worth $117 billion. Why can't the Arab world build a Nokia, if little Finland can?
By the way, Saudi Arabia, an Arab country which boasts both Mecca and Medina, does not share your view that U.S. trade and investment is lacking in the country:
The bilateral trading relationship between the United States and Saudi Arabia remains a friendly and successful one, as trade between the two nations again remained strong in 1999. The U.S. is Saudi Arabia’s largest trading partner. While oil continues to be the top Saudi export to the United States, the United States has made significant gains in the Saudi market over the years with an impressive number of joint ventures and an expanding volume of exports. U.S. exports to the Kingdom include such products as automobiles, computers, engineering goods and machinery, and agricultural products. The U.S. is the leading supplier of imports into the Saudi market. According to the U.S. Census Bureau, U.S. exports to Saudi Arabia were close to $8 billion in 1999. U.S. imports from Saudi Arabia were $8.2 billion in 1999, compared to 6.3 billion in 1998.
us-saudi-business.org Trade |
