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Europe, the Middle East and Africa

From Wikipedia, the free encyclopedia
Geographical region for global institutional and marketing planning
"EMEA" redirects here. For the EU agency, seeEuropean Medicines Agency. For the synonym of the moth genus, seeEmea (moth).

EMEA:Europe, theMiddle East, andAfrica, marked on a world map.

Europe, the Middle East and Africa, commonly known by itsacronymEMEA among theNorth American business spheres, is ageographicalregion used by institutions, governments and global spheres of marketing, media and business when referring to this region. The acronym EMEA is a shorthand way of referencing the two continents (Africa andEurope) and theMiddle Eastern sub-continent all at once.

As the name suggests, the region includes all of the countries found on the continents of Africa and Europe, as well as the countries that make up the Middle East. Theregion is generally accepted to include all European nations and all African nations, and extends east toIran, including part ofRussia. Typically, the acronym does not includeoverseas territories of mainland countries in the region, such asFrench Guiana. However, the term is not completely clear, and while it usually refers to Europe, the Middle East and Africa, it is not uncommon for businesses and other institutions to slightly tweak the countries they include under this umbrella term.

One of the reasons why the term is commonly used is because it is useful for business purposes, as most of the region falls within fourtime zones, which facilitates communication and travel.[1]

Historical influence

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The historical influence and interdependence of Europe on the Middle East and Africa in relation to trade routes contributed to the development of the term EMEA.[2] The establishment of theSuez Canal in 1869 impacted international commerce.[3] It directly linked Europe to theIndian Ocean andEast Asian trade routes.[3] The direct channel betweenBritain andIndia enabled Britain to gradually gain authority overEgypt.[2] This authority was reinforced via the development and maintenance of thePax Britannica which gave Britain naval power and control over the world'smaritime trade routes during the late nineteenth century period of peace.[4]

Related regions

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  • Eastern Europe, Middle East and Africa (EEMEA). Some companies separate their Eastern European business from the rest of Europe, and refer to the EEMEA region separately from theWestern/Central European (EU/EFTA) region
  • Southern Europe, Middle East and Africa (SEMEA)
  • Southeastern Europe, Middle East and Africa (SEEMEA)
  • Central and Eastern Europe (CEE)
  • Central Europe, Middle East and Africa (CEMEA)[5]
  • The Middle East and Africa (MEA)
  • The Middle East andNorth Africa (MENA)
  • The Middle East, Turkey and Africa (META)
  • The Middle East, North Africa, Afghanistan and Pakistan (MENAP)
  • Europe and the Middle East (EME)
  • Europe, the Middle East and North Africa (EUMENA or EMENA)
  • Europe, the Middle East, India and Africa (EMEIA or EMIA)
  • Europe, the Middle East, Africa and Russia (EMEAR)
  • Europe, the Middle East, Africa andCommonwealth of Independent States (EMEACIS)
  • Europe, the Middle East, Africa andCaribbean (EMEAC)
  • TheCommonwealth of Independent States (CIS), around the Black Sea and Caspian Sea
  • North Atlantic and Central Europe (NACE)
  • Central and Eastern Europe, the Middle East and Africa (CEMA)[6]
  • Europe, Latin America, Africa,Arab world

Component areas

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The EMEA region generally includes:

Europe

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Central and Eastern Europe,Southern Caucasus andCentral Asia

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Northern Europe

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Southern Europe

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Western Europe

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Middle East, North Africa (MENA)

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Sub-Saharan Africa

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Eastern Africa

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Central Africa

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Southern Africa

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Western Africa

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Economic overview

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The World Bank's April 2024 update indicates that the growth rate for the Europe, Middle-East and African region, is expected to slightly increase to 4.6% in 2024, up from 4.4% in 2023. This underscores a diverse economic resilience against global pressures. Meanwhile,global trade growth, which was minimal at 0.2% in 2023, is projected to improve to 2.3% in 2024, crucial for the region's export-oriented economies. However, private investment remains belowpre-pandemic levels due to higher debt levels and rising interest rates, signaling a cautious investment climate. The region faces significant challenges from both external factors, such as high core inflation and modest global trade recovery, and domestic issues like increased debt and political uncertainties, potentially hindering economic growth. Additionally, a hypothetical 1% decline inGDP growth in the US or China could reduce GDP growth in other developing Europe, Middle-East and African economies by approximately 0.5% and 0.3%, respectively. The increase in trade-distorting measures, which have tripled since 2019 amongG-20 countries, reflects a trend towards protective industrial policies, although other European, Middle-Eastern, and African countries, except forthe Big Four,South Africa,Russia,Turkey andSaudi Arabia, have been less involved in these measures.[citation needed]

See also

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References

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  1. ^Kenton, Will."Europe, the Middle East and Africa (EMEA)".Investopedia. Retrieved26 September 2019.
  2. ^abTucker, Ernest, 1961–.The Middle East in modern world history (Second ed.). New York, NY.ISBN 978-1-351-03170-7.OCLC 1055566281.{{cite book}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  3. ^abFletcher, Max E. (1 December 1958)."The Suez Canal and World Shipping, 1869–1914".The Journal of Economic History.18 (4):556–573.doi:10.1017/S0022050700107740.ISSN 0022-0507.S2CID 153427820.
  4. ^Crouzet, François (1999)."Outside the walls of Europe – the pax britannica".European Review.7 (4):447–453.doi:10.1017/S1062798700004373.ISSN 1062-7987.S2CID 144363475.
  5. ^"CEMEA - Definition by AcronymFinder".www.acronymfinder.com.
  6. ^"Company Overview - About IDC - IDC CEMA".idc-cema.com.
Sovereign states
Denmark
United Kingdom
Crown Dependencies
Special areas
of internal
sovereignty
Finland
Norway
United Kingdom
  • 1 Spans the conventional boundary between Europe and another continent.
  • 2 Considered European for cultural, political and historical reasons but is geographically in Western Asia.
  • 3Oceanic islands within the vicinity of Europe are usually grouped with the continent even though they are not situated on its continental shelf.
  • 4 Governed by theHoly See which has sovereignty over Vatican City.
Sovereign states
Australia
Greece
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  • 1 Spans the conventional boundary between Asia and another continent.
  • 2 Considered European for cultural, political and historical reasons but is geographically in West Asia.
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