Amazon had long impressed him, and while the online merchant had a small presence in the region, he was vexed at how hard it was to find books in Arabic online. Sketching out a simple business plan, Alsallal persuaded angel investors and mentors like Fadi Ghandour, founder of the express delivery company Aramex, to give him a few tens of thousands of dollars to begin. (Ghandour is also chairman of the investment firm Wamda Capital, which focuses on this region, and on whose board of advisors I serve.) Last year, Alsallal raised over $4 million more to expand Jamalon’s operations.
In 1989 mass demonstrations led to a collapse of the Berlin Wall . A year later, on October 3, 1990, East and West Germany were reunited , after being separate states for forty years. 20 years ago German Chancellor Helmut Kohl pushed unification forward and served as the architect of a united Germany. He promised East Germans blooming landscapes and a new western-style life. Not everyone in the western world wanted a united Germany. Great Britain and France were opposed because they thought Germany would become too powerful.
SUEDEKUM: We also had these losers of globalization here in Germany, people who had problems because of trade. But [the] big difference is, in Germany, these people receive more support from the government. There’s a safety net. There is trade-adjustment assistance. There’s active labor market policy trying to bring these people back to other jobs elsewhere and subsidies, trying to keep the communities alive. We do a relatively better job in cushioning the losers. I’m not saying we’re perfect in that, but I think we’re doing a better job than the United States.