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United Arab Emirates

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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 …show more content…

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.

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