EMEA (economic area)
EMEA is one of the Anglo-American native-speaking abbreviation of the economy in Europe ( english E urope ), Middle East (from US perspective Middle East: M iddle E ast ) and Africa ( A frica ). This corresponds to the economic area Europe-Arabia-Africa . This lies in a stock exchange trading time zone in which shares are traded on the stock exchanges at the same or approximately the same opening times.
The term is used by stock exchanges, economics, market research and in the annual reports of multinational corporations .
The tripartite division of the world economy
The division of the world into three economic areas ( triad ) is based on the three large northern industrial areas North America , Europe and East Asia . These also correspond to three stock exchange trading time zones in which shares are traded on the stock exchanges in these economic areas at the same or approximately the same stock exchange opening times.
The southern economic areas of South America , Africa and Australia were then added to their respective counterparts. In this way you have three economic zones which, taken together, encompass the entire earth.
The three world economic areas consist (from the date line) from east to west:
- Asia Pacific ( APAC ) = East Asia, Southeast Asia, Australia, and Oceania.
- Europe-Arabia-Africa ( EMEA ) = Europe, Arabia (Middle East or from the US perspective the Middle East) and Africa as well
- North and South America ( AMER ), the two semi-continents of America .
One problem here is the allocation of India, which is assigned to either the Europe-Arabia-Africa economic area or the Asia-Pacific economic area.
criticism
Despite the fairly high distribution, z. B. in US companies, it is an arbitrary grouping: The official list of macro-regions of the United Nations only lists Africa, America, Asia, Europe and Oceania.
Extensions to EMEAs
Extensions of the economic area Europe-Arabia-Africa EMEA are:
- EMEAC = E urope, M iddle E ast, A frica & C aribbean - takes into account the various affiliations of the Caribbean to Europe
- EMEACIS = E urope, M iddle E ast, A frica & C ommonwealth of I ndependent S tates (German GUS , approx. Former Soviet Union)
- EMEIA = E urope, M iddle E ast, I ndia & A frica - emphasizes India's membership of the Commonwealth and the rivalry between India and China
Subdivisions of EMEAs
The subdivisions of the Euro-Arabia-Africa EMEA economic area are:
- MEA = M iddle E ast & A frica - Middle East and Africa (in contrast to Europe)
- EEMEA = E astern E urope, M iddle E ast & A frica - often used as a demarcation from Western Europe in the sense of the United Nations (Western, Central and Northern Europe )
- SEMEA = S outhern E urope, M iddle E ast & A frica - summary of southern Europe with the Middle East and Africa, the counterpart to this is northern ( non-Mediterranean ) Europe
- SEEMEA = S outh- E astern E urope, M iddle E ast & A frica - particularly the West and Central European Economic Area Space Western and Central Europe ( Western and Central Europe , WCE) EU / EFTA (prior to enlargement) as hochindustrialisierem center Europe is often treated as a separate region.
Other economic areas in EMEA
- DA-CH = Germany, Austria, Switzerland
- Benelux = Belgium, Netherlands, Luxembourg
- CEEC = Central and Eastern European countries
- SEE = Southeast Europe ( S outh- E astern E urope)
- MED = Med iterraneum = all countries bordering the Mediterranean
- MENA = Middle East and North Africa ( M iddle E ast & N orth A frica) = Maschrek and Maghreb
More compilations
- EA = Eurasia - Europe and Asia in demarcation from Africa
- EECCA = Eastern Europe, Caucasus Region and Central Asia
Individual evidence
- ^ Composition of macro geographical (continental) regions, geographical sub-regions, and selected economic and other groupings. In: United Nations Statistics Division - Standard Country and Area Codes Classifications (M49). United Nations, October 17, 2008, accessed November 10, 2008 : "Geographical region and composition of each region"
- ^ Peter Riedlberger: The economic geography divides by three. In: Mittelstandswiki. August 30, 2008. Retrieved November 10, 2008 .