The Economy of Dubai

Download or Read eBook The Economy of Dubai PDF written by Abdulrazak Al Faris and published by Oxford University Press. This book was released on 2016-01-28 with total page 369 pages. Available in PDF, EPUB and Kindle.
The Economy of Dubai
Author :
Publisher : Oxford University Press
Total Pages : 369
Release :
ISBN-10 : 9780191076015
ISBN-13 : 0191076015
Rating : 4/5 (15 Downloads)

Book Synopsis The Economy of Dubai by : Abdulrazak Al Faris

Book excerpt: Over the last 50 years, Dubai has transformed itself from a small fishing and trading village into an integrated, modern, and vibrant economy. The development process was initiated by oil richness but, unlike most other oil exporters, it has successfully diversified away from hydrocarbons with the creation of world-class clusters of financial services, tourism, and trading activities. Understandably, Dubai has become a model of economic development not only for the other six emirates that comprise the UAE, but also for most regional economies. Indeed, its success in diversifying its economic base makes Dubai an interesting case study for any resource-dependent economy wishing to achieve sustainable prosperity by engaging in better-balanced growth paths than those typically induced by the exploitation of natural resources. This book provides a comprehensive economic and historical account of the evolution of the economy of Dubai since the foundation of the United Arab Emirates in 1971. It focuses on its transformations and experiences and the roles played by government policies and private sector initiatives. Based on solid analysis, it provides a perspective and policy recommendations on the way forward in an intensely increasing competitive global economy.


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