Being one of the smallest nations in the world, the United Arab Emirates is uniquely positioned to be an economic superpower in the next few decades. With their forward thinking policies, and far reaching impact, one of the few things holding them back from success is their leadership. Although the United Arab Emirates has an involved authoritarian regime, diversification of the market economy, innovative trade policies, and forward-thinking government projects have created an arena for economic growth.
300 years ago, the United Arab Emirates was an isolated wasteland. Periodically, nomadic hunter-gatherers would traverse the desert, but other than a few scattered trading posts, few people lived in the region. Settlers attempted to
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It is the modern day Istanbul, the new New York, and a Parisian cultural hub all in one.
Like many of its Arab neighbors, the United Arab Emirates is an absolute monarchy. The current monarch, Khalifa bin Zayed Al Nahyan, was previously the crown prince of the Abu Dhabi Emirate prior to ascending to the throne. Each of the seven Emirates has its own ruler. The seven rulers of the Emirates make up the Federal Supreme Council which is the national judiciary of the United Arab Emirates. The legislature is comprised of 40 members, all elected by high level officials in the U.A.E. government (Metz 199). This governmental structure leaves room for corruption and greed to pervade the the U.A.E.. However, quite the opposite is true. The U.A.E. government can be considered a benevolent regime since the government has instituted numerous policies aimed at promoting domestic growth and offering economic benefits for citizens of the United Arab Emirates.
The government of the United Arab Emirates is heavily integrated into all aspects of life. Trade, land ownership, tourism, transportation, and everything in between is heavily regulated. The government is involved to the extent that it does not allow foreign nationals and foreigners to own land in the United Arab Emirates; they are merely allowed to lease “designated areas” for 99 year terms (Bainbridge 2). This sort of domestic protectionism is another reason why corruption is uncommon.
By the beginning of the second Millennium, many countries realized the need and necessity to cope up with the rest of the rapidly developing world. As they realized this necessity, they also realized that the key to growth and development is, indeed, education. As a result, many countries around the world entered the heated race of reforming their education systems hoping that this would ensure them a foothold in the modern world.
Persian Gulf Development Literature Oil Curse Literature Arab and Islamic Factors Regional Ovemiew and Historical Background Dubai's Development History
It is a tragedy of global proportions that the world’s Arab peoples, practically without exception, live under dictatorships which have systematically impoverished their sociopolitical, cultural and economic development. A report by 30 Arab researchers on behalf of the UN Development Fund in 2002 looked at 22 Arab countries with over 280 million citizens. It found that more than 50% of Arab women are illiterate; spending on scientific research was a pitiful 0.4% of GDP; 0.5% of Arabs had access to the internet; there are more books translated into Spanish each year than into Arabic in the last ten centuries; economic growth over the past decade averaged just 0.5% per annum due to lack of investment. The
United Arab Emirates occupies a total area of about 83,600 square kilometers (32,400 square miles), along the south-eastern tip of the Arabian Peninsula between 22°50 and 26°N and between 51° and 56°25 E. The UAE has 1 318 km of continental coastline along the Persian Gulf. The inflation rate, exchange rate and currency stability are important factors to consider in International trade, economically, the UAE has a 4% of GDP growth in 2012 with a lower inflation rate of 1.1%, In terms of days and cost of import procedure (United Arab Emirate). The Urbanization rate of the region is 84% (UAE) which would contribute to the product awareness in necessary part of the region since the urbanization rate is high. The common languages in
Like the press, Qatar allows the freedom of assembly and association, but restricts its practice. One example is that despite having a national workers union, the legal parameters prohibit the membership of non-citizens and government sector employees. In a country like Canada who has a strong local work force and wants to focus on employing its own citizens, this rule would be acceptable. But over 90 percent of the labour force in Qatar is from migrant and expatriate workers. Once again, the legislation dictates an ethical stance, but it is the ones in power who refuse to apply it in the manner in which it was intended. The UAE differs in this aspect since the only way large meetings can be held is with a government permit. From a civil rights standpoint, this appears oppressive, but there may be a security reason for it as well. By having a large group of people assembling, many possibilities can happen, therefore by having prior information about the gathering, the government and police force would have the ability to prevent possible conflicts depending on the nature of the assembly. Therefore, although there are strict rules in place, the UAE does not remove the rights of the people like the Qatari Government
“The UAE is considered one of the least corrupt countries in the Middle East” (Freedom House, 2015), and the government have taken steps recently to increase the efficiency and modernize the bureaucracy. Citizens are limited to express their interests but only through the traditional counseling sessions offered. The constitution allows for some freedom of expression, however, the government controls this right. Yet, “those holding power in resource-abundant countries—typically politicians or bureaucrats—take personal advantage of natural resource wealth” (Paul Stevens, 2007) and in society, a small group usually from the loyal families holds all the power. “They engage in rent seeking and corrupt political and business practices and thus rob their countries of the opportunities that resource wealth could provide” (Paul Stevens, 2007). Therefore, it is considered “one of the least corrupt countries” because it coopts, or wins over its citizens by providing unlimited healthcare, education, and many other benefits, so they cannot complain about limited liberties and
Dubai is one of the states in United Arab Emirates (UAE). According to Hofstede, UAE is a collectivist country, has high power distance and high uncertainty avoidance. Hofstede’s value dimension of UAE that is related to the article is high uncertainty avoidance which is resulting companies become less flexible. The article states that Mr. Lawlor worked 10 hours a day in Dubai and looked for housing at night. However, the average working hours for employed persons in United States is 7.6 hours a day.
Most countries affected by the civil wars have been cut off from any regional connections therefore they weren’t able to attract many of their regular customers. The UAE has taken that to their advantage by reeling in the customers who would normally shop in Egypt, Syria, Tunisia, Libya and Yemen and give them the opportunity to shop in places in the UAE instead of in a dangerous country. This has led to a 10% rise in spending by shoppers affected by the Arab Spring. The United Arab Emirates is known as a modern country with a stable government system that the public seems to respect. Governments from different countries such as Syria have shut down Internet and power connections to avoid the world to see the troublesome county. Because of these barricades, countries such as the United States and England have been keeping a close eye, especially since they cannot export and import products between countries. Perhaps the Middle East would’ve been better off without the Arab Spring.
What was once a small poverty-ridden settlement has now turned into a fully globalized city and business hub of the Middle East, Dubai is the largest and most populated city in the United Arab Emirates (UAE). It has now developed into an economic powerhouse within the past few decades. Dubai’s oil revenue helped escalate the early development of the city, but as of now much of its funds come from real estate, tourism, and construction. Also, Dubai has now emerged as an ethnically diverse metropolis residing of many cultures. According to the GaWC list, Dubai has earned an alpha+ ranking, which is fitting due to its economic prosperity, demographic and cultural traits, political significance and influence, and projected future.
The economy in the United Arab Emirates has experienced substantial increases in the last 40 years. The UAE’s capabilities with the pearling and oil industries have given the region its necessary budgets to expand so rapidly. The economic policies in the UAE have gone through stages, since the birth of the region in 1971. Changes in economic welfare of the markets, and privatization policies are also key aspects in understanding the UAE’s economic liberalization and growth. In order to understand the UAE’s economic standard, economic liberalization must be analyzed. The argument of this paper will discuss how economic liberalization has occurred in the United Arab Emirates and is continuing to grow.
The United Arab Emirates (UAE) is a very desert like Middle Eastern country that borders Saudi Arabia. The UAE was once a regular middle eastern country until oil was found and is now in the top five of richest countries in the world. The GDP of the UAE is $667.2 Billon as of 2016.The UAE was once controlled by Britain and is now a union of multiple emirates. The seven emirates of UAE are; Dubai, Abu Dhabi, Ajman, Sharjah, Fujairah, Ras Al Khaimah, and lastly, Umm Al Quwain. "Our system of government is based on our religion and this is what our people want. Should they seek alternatives, we are ready to listen to them. We are all in the same boat, and they are both captain and crew.” -Sheikh Zayed.
The UAE is one of the riches nations in the world as measure by per capita GNP. The economy is primarily based on the oil
The UAE 's economy is the most diversified in the Gulf and the wider region. There’s no income tax. The gross domestic product is 67,616 dollars US per capita. The country oil and gas reserves are among the richest in the world. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to twenty five percent with a plan to push it to zero within next fifty years (Renewable Energy Prospects: United Arab Emirates p. 30). Low prices of oil have prompted the UAE to take steps to reduce its spending on country wide social programs, including eliminating fuel subsidies in August 2015. The IMF recently praised the vision and fiscal policies adopted by the country that
The Middle East region is a conservative cultural and religious area that grew at only half the rate of other developing countries during the 1990s. A number of factors such as structural imbalances, the so-called 'curse of natural-culture and religious conflicts, are highlighted for the slow economic development in the Middle East. Similarly, Abed (2003) identifies five main causes holding back the economic growth of the Middle East i.e. lagging political reforms, dominant public sector; underdeveloped financial markets; high trade restrictiveness and inappropriate exchange regimes. apart from these , some of the others factors include the lack of integration into the global
Established in December of 1971, the country is a Federation of seven Emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Pas-al-Khaimah, Sharjah, and Umm-al-Quwain). Although each Emirate is governed by an absolute monarch, together they jointly form the Federal Supreme Council, which is the highest governing authority in the UAE. This Council is responsible for passing and enforcing federal laws, as well as approving the appointment of the Prime Minister. (Ministry of Cabinet Affairs & the Future, 2016). One monarch is selected as President