The current situation and challenges of bet365 horse racing odds economic development in Arab countries
August 15, 2022 10:22 Source: "Chinese Social Sciences Journal" Issue 2470, August 15, 2022 Author: Guo Xiaoying

In recent years,Arab countries have been exploring ways to diversify their economies,bet365 horse racing odds economy provides new opportunities for Arab countries to accelerate economic transformation。Arab countries attach great importance to the bet365 horse racing odds economy as a new engine for global economic development,Many countries have introduced bet365 horse racing odds economy development strategies,To narrow the bet365 horse racing odds divide with developed countries,Integrate into the global bet365 horse racing odds economy development trend。

  The development of bet365 horse racing odds economy has achieved certain results

The bet365 horse racing odds economy is the successor to the agricultural economy、The main economic form after the industrial economy。bet365 horse racing odds economic development can accelerate production methods、Profound changes in lifestyle and governance,Arab countries have accumulated a lot of experience in the development of bet365 horse racing odds economy,And achieved certain results。

First,Although the construction of bet365 horse racing odds infrastructure in Arab countries started late,But it has developed rapidly in recent years。Internet penetration rate in Arab countries has increased significantly,Internet penetration rate is higher than the world average。Mobile phone ownership continues to rise in the Arab region,Mobile Internet is constantly optimized and upgraded,Significant improvement in communication infrastructure。4G network availability is relatively high in most Arab countries,Even some countries are upgrading existing 4G networks to 5G networks。

Second,E-commerce is growing rapidly,More and more local and cross-border e-commerce platforms enter the Arab market。Among them,Souq、Noon、Wadi is the top three cross-border e-commerce platform in the Arab region。The COVID-19 epidemic has brought major opportunities to the development of e-commerce,Affected by the epidemic,People in Arab countries are increasingly accepting of online shopping and contactless payments,The proportion of consumers shopping online is rising rapidly,further promotes the rapid development of e-commerce。

 Third,Arab countries have successively launched bet365 horse racing odds government development strategies,And made significant progress。Take the “bet365 horse racing odds Government Vision 2020” released by the Qatari government as an example,The goal of this strategy is to enable all individuals and businesses to benefit from bet365 horse racing odds communications with government agencies,At the same time, government agencies will strive to provide more transparency、More efficient service。With the support of the bet365 horse racing odds government development strategy,E-government service institutions and facilities in Arab countries have been enriched and developed。Most Arab countries have agencies responsible for managing and coordinating e-government affairs,The e-government portal provides static information through web pages or mobile terminals、Interactive services and electronic payment services。

Overall,Arab countries have advantages such as labor force and market,Has the potential to develop the bet365 horse racing odds economy。The population structure of Arab countries is relatively young,The population under 30 years old accounts for 60% of the total population,Among them, teenagers (15-29 years old) account for about 30% of the total population。This means as younger generations join the workforce,Their connectivity will be significantly improved,Can significantly improve the development prospects of the bet365 horse racing odds economy in this region。

 The development of bet365 horse racing odds economy faces multiple challenges

While the bet365 horse racing odds economy in Arab countries is developing rapidly,Also facing a series of challenges。

First,There is a bet365 horse racing odds divide in the development of bet365 horse racing odds economy in Arab countries。The "bet365 horse racing odds divide" refers to the imbalance in the popularity and application of emerging information and communication technologies,Both reflected in the Internet connection、Access and usage,Also reflected in the new aspects related to the "data value chain"。There is a bet365 horse racing odds divide not only between Arab countries and developed countries,There is also a bet365 horse racing odds divide between Arab countries, that is, between Gulf countries and other Arab countries。In addition,There is also a clear bet365 horse racing odds divide between urban and rural areas and between men and women。From the perspective of the development level of bet365 horse racing odds economy,Arab countries can be divided into three categories。The first category is to lead the country,includes UAE、Saudi Arabia、Bahrain、Oman、Qatar and other Gulf countries。The second category is countries seeking bet365 horse racing odds transformation,such as Kuwait、Jordan、Lebanon、Egypt、Morocco、Tunisia and other countries。The third category is countries that are relatively backward in bet365 horse racing odds transformation,includes Iraq、Libya、Palestine、Sudan、Syria, Yemen and other countries。

Next,The degree of industrial digitalization in Arab countries is low,Not conducive to sustainable development。Industrial digitalization is an important aspect of bet365 horse racing odds transformation,It is the deep integration of bet365 horse racing odds technology and traditional industries,Is to enhance the traditional industry value chain、An effective path to promote high-quality development of traditional industries。Arab countries in the information and communication industry、Electronic information manufacturing、Great progress has been made in bet365 horse racing odds industrialization such as the Internet industry,But in terms of industrial digitalization,The integration of bet365 horse racing odds economy and traditional industries in Arab countries is obviously insufficient,Failed to effectively penetrate bet365 horse racing odds technology into the production process。In addition,Most Arab countries are still at an early stage in the application of bet365 horse racing odds technology,Businesses lag governments and users in bet365 horse racing odds readiness。

AGAIN,Arab Countries bet365 horse racing odds Infrastructure、Insufficient supply of bet365 horse racing odds technology talents and other elements。bet365 horse racing odds infrastructure is the foundation of information interconnection,Weak information and communication infrastructure is one of the important factors hindering Arab countries from achieving bet365 horse racing odds transformation。Except members of the Gulf Cooperation Council,The bet365 horse racing odds infrastructure of most Arab countries is relatively backward,Intercontinental fiber optic coverage, broadband and 3G、4G mobile network coverage is generally low,Higher Internet charges,The network speed is slow,low bandwidth。In addition,There are monopolies and market entry barriers in the Internet market in Arab countries,Hindering the development of bet365 horse racing odds infrastructure,Limits innovation in the bet365 horse racing odds value chain。bet365 horse racing odds talents are an important support for the sustainable development of the bet365 horse racing odds economy。In recent years,The bet365 horse racing odds economy in Arab countries is developing rapidly,The demand for bet365 horse racing odds talents continues to rise,Superimposed shortage of educational resources and incomplete training system,Creating an unfavorable situation with a large bet365 horse racing odds talent gap。The development of bet365 horse racing odds economy in the Arab region faces R&D talent、The "triple constraints" of management talents and skilled talents。Most Arab countries are in education、There are structural flaws and deficiencies in research and innovation,Public education systems often fail to provide young people with the bet365 horse racing odds skills and knowledge they need to participate in the bet365 horse racing odds economy,Is a major obstacle to bet365 horse racing odds transformation in Arab countries。

Finally,The level of bet365 horse racing odds governance in Arab countries needs to be improved,bet365 horse racing odds security issues continue to grow。The rapid development of bet365 horse racing odds technology is bringing impetus to economic recovery,It also brings new challenges to the economic governance system,Proposed new requirements。Challenges facing bet365 horse racing odds governance,In addition to bet365 horse racing odds trade friction、Except cross-border data flow issues,Also includes network security caused by iterative updates of bet365 horse racing odds technology and existing regulatory deficiencies、Online harmful content、bet365 horse racing odds monopoly and other issues。bet365 horse racing odds governance in Arab countries is affected by the following factors: First, frequent regime changes in the Arab region,Social unrest,Religious issues are complicated,Frequent terrorism and other phenomena have aggravated the chaos of bet365 horse racing odds governance。Characteristics of “fragmentation” in the Arab region,Resulting in lack of coordination among countries、Constraining each other,It is difficult to achieve "interconnection" within the region。The second is the spread of cybercrime and cyberterrorism,Bringing new challenges to bet365 horse racing odds governance。In addition to causing direct economic losses,Also leads to the disclosure of intellectual property and confidential business information,Reduce the competitiveness of enterprises。Survey shows,Businesses in the Middle East suffer far greater losses from cybercrime than in other regions。Third, the lag in data regulatory policies restricts the level of bet365 horse racing odds governance。Data security regulation and cybersecurity legal frameworks are critical to combating misuse of ICT,Most Arab countries have introduced laws and policies related to data supervision,However, the legislation and implementation mechanisms regarding data security and privacy protection need to be improved,Most regulations are fragmented and weak,Usually only focuses on the legal basis for data collection and the rights of the data subject,Failed to provide data transfer rules,There are also no conditions for storing or destroying personal data。Arab countries have also introduced laws related to network security。But,Cybersecurity framework in Arab countries is the same as data governance,Still in the early stages,Subject to general laws not specific to the bet365 horse racing odds age,Regulations on cybersecurity are often vague。In addition,Most Arab countries face lack of funds、Hindering factors such as technical knowledge and inadequate cybersecurity ecosystem,Leading to a weak response in combating cybercrime。At the same time,The lack of coordination among countries also makes it difficult to implement regional agreements or treaties on data protection and cybersecurity。

(Author’s unit: School of Foreign Languages, Yangzhou University)

Editor: Cui Cen
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