The United Arab Emirates: Some lessons in economic development

Arbeitspapier

Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has been able to transform itself into a rapidly modernizing country, which is fast becoming a major economic hub and a key player on the international economic landscape. This paper discusses a number of aspects of the development strategy of the UAE that contributed to its phenomenal development: (i) the political system, which has resulted in a perception of stability and minimal political risk, encouraging investment; (ii) oil; (iii) development strategies that have resulted in a very dynamic business environment; (iv) open importation of foreign skills and management; (v) labour policies that have enabled the immigration of vast numbers of foreign lower-skilled workers. There are, of course, also concerns for the future, and indeed each of the five positive attributes listed above has a flip side which is a potential major challenge for the future.

Angaben zum Objekt

• ISBN: 978-92-9230-246-7
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WIDER Working Paper ; No. 2010/11

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economywide Country Studies: Asia including Middle East
• Thema: role models ; United Arab Emirates ; success ; Erdölförderung ; Sozialer Wandel ; Entwicklung ; Wirtschaftspolitik ; Wirtschaftspolitisches Ziel ; Saudi-Arabien

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Nyarko, Yaw
• Ereignis: Veröffentlichung
• (wer): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (wo): Helsinki
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/54154
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ