Dubai Global Economy Table of Contents Table of Contents 2 Question1 3 Source: (Vietor, R. H. K. & Forrest, N. “Dubai Global Economy”, pp. 6) 4 Question 2 4 Question 3 6 Question 4 8 Question 5 10 Question 6 12 Works Cited 13 Question1 Dubai is an autonomous city situated in the southern coastline of Persian Gulf…
Download file to see previous pages...
Besides, Dubai is recognized as the most important emirate of UAE due to its leading reserves of oil and natural gas. The nominal GDP of UAE in the year 2008 was recorded as 815,318 (mn dirham) and real GDP 453,578 (mn dirham) which depicts a sustainable growth since the year 2002. Notably, the nominal GDP of UAE in 2002 was 272,856 (mn dirham) and real GDP 269,304 (mn dirham). In addition, Dubai is also the main trading area among other emirates of UAE, which offers a significant influence on the GDP of the economy (Sementelli, A, “Toward a Taxonomy of Disaster and Crisis Theories”). Moreover, due to emergence of free-trade zones, Dubai became one of the imperative sectors of trade for the western producers, which offered significant support for the growth of financial condition within the economy of UAE. However, due to the recession of 2009, Dubai faced substantial challenges which also affected UAE to a significant extent (refer to figure 1) (Vietor, R. H. K. & Forrest, N. “Dubai Global Economy”). Focusing on these aspects, it can be stated that Dubai is among the most important emirates and the strategies should be considered as credible being fair and constitutional. Figure 1 UAE profile (2008) Dubai Profile (2008) GDP: 84% GDP: 152% Reserves: N/A Reserves: N/A Official Reserves: 46 $ billion Official Reserves: N/A External Debt: 211 $ billion External debt: 115 $ billion Source: (Vietor, R. H. K. & Forrest, N. “Dubai Global Economy”, pp. 6) Question 2 According to Astley (2009), the most important reason which resulted in this financial disorder was the erroneous monetary policies of the United States. The monetary policies mainly concentrated on the activities of the Central Bank or any other dictatorial authorities of the country that significantly helped in determining the extent and rate of growth of fiscal supply (Sibert, “Global Imbalances and the Financial Crisi
...Download file to see next pagesRead More
Cite this document
(“Dubai Global Economy Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1446699-dubai-global-economy
(Dubai Global Economy Research Paper Example | Topics and Well Written Essays - 1250 Words)
“Dubai Global Economy Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1446699-dubai-global-economy.
The real estate in Dubai is exquisite and important owing of the government’s decision to allow foreign investors which resulted in appreciation of the property value. The tallest skyscrapers and the costliest projects in the world are situated in Dubai.
James argues that although technology has been beneficial, the payback left out most of unprivileged developing countries especially in sub-Saharan Africa. The author is undoubtedly able to rest down the special effects of information technology in facts and competently on the global economy.
Regarding the tourism sector of Dubai, the industry has gained substantial interests of the global clients over the last few decades due to its alluring development in the tourism and hospitality services. Currently, the tourism sector of Dubai has been considered as one of the most appealing and unique destinations and tourist paradise that tends to offer wide range of attractive services and events for the clients across the different geographical locations.
On January 4th 2006,following the death of Sheikh Maktoum bin Rashid Al Maktoum,His Highness Sheikh Mohammed bin Rashid Al Maktoum became the Ruler of Dubai.He is a man of many guises-poet;champion horseman;author of the book 'My Vision - Challenges in the race for excellence', Chairman of DTCM
Ohio has been an important player in nearly every growth industry in America. From its farms to the big industrial factory in the more recent years, it had a progressive growth and vibrant economy. Ohio is
Lower prices did keep profit margins low but increased volume was expected to make up for that. Sam Walton bet on it and it worked.
It started from a single Wal-Mart discount store but today, there are 629 stores
Therefore, when International Monetary and trade regime supports globalization of private sectors, some the private sectors were able to access wider markets around the world and consumers are able to access a variety of goods and services.
Dubai is one of the most populous cities among the 7 cities that comprise the United Arab Emirates. Its high population growth is a big threat on economic stability and the government needs to prepare for these
The page does not cover the concept of the ‘race to the bottom’ exhaustively, making this entry incomplete. First, the article does not fully explain how the race to the bottom is connected to issues such as the environment, labor standards, trade and regulation among
1 Pages(250 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic Dubai Global Economy for FREE!