Abstract One of the United Arab Emirates, Dubai, has recently become a symbol of prosperity, innovation, and business excellence. In a mere 50 years, the state has managed to grow from a scarcely populated area with little infrastructure and a weak economy to a thriving business hub that is home...
Introduction to UAE The United Arab Emirates (UAE) is an Arab nation located in the Southeast of the Arabian Peninsula. It borders Oman to the East and Saudi Arabia to the south. In addition, it shares sea borders with countries such as Qatar and Iran. The country is a group...
Industrialization Industrialization is a phenomenon that comprises both social and economic changes in society often due to disparate factors. In most areas of the world, the industrialization process occurred after the Agrarian Revolution following an increasing demand for basic commodities to satisfy the ever-growing populations. The process required most societies...
Before the world war one and world war two, world economies were quiet apart, but there was intense factors of trade countries controlled their imports and exports. There was manipulation in currencies to shape the foreign trade and exchanges. Currency war fares were a common thing and restrictive market practices...
Abstract Institutions are fundamentally vital in the growth and development of countries, regions, or other sections with economic boundaries. Many researchers have identified, researched, and reported these roles due to the growing concern about the part taken by institutions in economic growth and development (EGD). Probably, there are many people...
Abstract The study aims to develop a more profound understanding of the financial crisis in the emerging economies during the period of 1999 to 2001. The two emerging economies further selected for a comparison are Argentina and Turkey. Both the countries have exhibited similarities in economic and political background hence...
Introduction Climate change is currently the world’s most prominent problem that affects almost every sector of the economy (Palmer 1965). It highly affects sustainability of business activities today (Colander 2008). Balancing economic growth and environmental sustainability has been a great challenged for all governments, businesses and all the stakeholders across...
Abstract The United Arab Emirates (UAE) is a league of seven distinct emirates, which jointly make the third biggest economy in the Gulf region. It is the second largest economy in terms of per capita output. The country’s economic growth has averaged roughly 4 percent over the last decade but...
Executive Summary The macroeconomic performance of Australia and the US has been analyzed in this report. The analysis shows that an increase in GDP reduces unemployment rate in both countries. However, a rapid growth in GDP always leads to a high inflation rate. Interest rate affects economic growth by determining...
Introduction India is a federal republic whose capital is New Delhi. India has the second-largest population in the world. The country has a population of 1.2 billion people. The Indian rupee (INR) is the official currency of the country. India is a lower-middle-income country. Sound economic policies have helped in...
Introduction Saudi Arabia has experienced economic development, but also many challenges due to oil price volatility. In mid-2014, oil prices declined, impacting the country’s economy despite the government’s earlier diversification strategies. The government roadmap for development, Vision 2030, envisioned a bright future for Saudi Arabia in terms of full progress...
Introduction The Unite Arabs Emirates (UAE) is a federation of seven emirates situated in the Middle East, in the Arabian Gulf. The federation was formed in 1971 and implemented its permanent Laws in 1996. In early 18th century, the British signed a peace treaty with the coastal rulers of the...
Abstract The recession refers to a slump in economic activity in an economy over a considerably long period. The great recession of the 2007-2009 was the most profound and extensive economic slump in recent times. The 2007/2009 recession is mainly attributed to the US subprime crisis. However, most scholars and...
Introduction The US possesses the most diverse economy among all countries in the world. The recent years have seen researchers develop interest and enthusiasm in studying the economy of the US, with findings showing US as the largest, and the most advanced in regards to technology. The GDP results also...
The remote territories in Saudi Arabia are desert lands. The residents living in these regions have no access to energy sources. Although Saudi Arabia is an actively developing country, these residents are often considered as living at the edge of the world. Being often deprived of such benefits of civilization...
Introduction The business practise all over the world has been such that countries come together to form strong integrated bodies. International integration often occurs either at the regional level or globally and mainly focuses on enabling the member states to benefit from numerous advantages that comes with association. International companies...
Nowadays, it became quite clear to just about everyone that the idea that, by providing a financial aid to the so-called ‘developing’ countries, Western nations would be able to help these countries to get out of poverty, has been deprived of the remains of its former legitimacy. This could not...
Introduction The United Arab Emirate’s debt has been rising sharply in recent years, from around US$17 billion in 2003, almost 19 percent of GDP, to US$184 billion in 20092. Of the debt, only a significant proportion can be traced directly to the public sector. A report by UBS bank notes...
Abstract This paper analyzes the reasons behind the economic diversification strategy in Dubai and then proceeds to gauge the successes of this strategy in the emirate. The paper begins by defining diversification and demonstrating why it is a desirable strategy for many governments. It then notes that Dubai adopted this...
Introduction The World Trade Organization (WTO) is an international organization, which was established on January 1, 1995 as a predecessor to the GATT. The organization’s goal is to ensure optimal supervision and liberalization of international trade by regulating trade between member states. Furthermore, the WTO has formulated a framework, which...
In the contemporary world globalization is being studied and researched almost in every sphere of human life. Over the last several decades the process of globalization has created very serious impacts on such fields as science, communications, medicine and public health, politics and international relations, travelling, business and trades, finances...
When addressing the economy of any country, it is imperative to highlight some of its basic details such as its geographical location as a way of hinting one on its accessibility as a fundamental determinant of its economy. The paper focuses on Australia, which is an island continent and a...
Introduction International trade is described as the exchange of services and goods between different countries. Countries engage in trade because they are endowed with different natural, capital, and human resources. Some countries may have the requisite resources, but may not have the capacity to produce or manufacture some goods or...
Introduction Different countries have different levels of economic growth. Such a difference may be due to the fact that countries differ in resource endowment and leadership. As such, this explains the difference in the challenges that different countries face in their attempts to build a sustainable source of revenue. This...
Introduction The Gulf Cooperation Council (GCC) consists of Arabic States within the Gulf region. The members of GCC are Kuwait, Qatar, Bahrain, Saudi Arabia, Oman, and United Arab Emirates. Interestingly, all the members of the GCC are monarch states. Under the GCC pact, the member states have experienced robust growth...
Introduction In conventional economic analysis, there are four market structures namely: monopoly, monopolistic competition, perfect competition, and duopoly (oligopoly). These four market structures can be said to be present in Australia. To study and understand the operations of these types of market structures in the Australian context, this research paper...
Introduction Macroeconomic Environment Saudi Arabia is a country, which relies on oil. The macroeconomic indicators demonstrate a full reliance on oil that is a major export in the kingdom. According to Azzam, the exports and revenues from oil contribute more than 90% of the region’s GDP (69). Indicators such as...
Domestic market demand in China’s property sector has been on a steep decline in the past 12 months. The decline is significant to China because the real estate sector usually accounts for 25 percent of the country’s gross domestic product (GDP). Additionally, Magner and Silk (n.pag.) note that due to...
Abstract The present research paper investigates the problem of unemployment in the United Arab Emirates among locals. The paper is focused on its causes, peculiarities, effects, risks, and governmental policies that should combat this severe economic and social phenomenon. Relevant literature review, accurate data, economic indices, and profound analysis of...
Research Title: The UAE Employment Paradox: What Makes the Governmental Sector the Most valuable Position Compared to the UK Entrepreneurship-Oriented System? The Reason for the Choice of the Topic There is no use denying that the success of the governmental organizations is crucial to the economical state of a country....
Introduction to the country The United Arab Emirates is located in the Gulf Region and borders Saudi Arabia, Qatar, and Oman. The UAE covers seven emirates federations, which were constituted in 1971. The federations include Abu Dhabi, Sharjah, Dubai, Ras al-Khaimah, Fujairah, Umm al-Qaiwain, and Ajman. The country has adopted...
Introduction and Purpose The city of Dubai has emerged as a home to more than 1.2 million people and forms the most populous city in the United Arab Emirates (Fazli 205). The city has continuously registered progressive growth in the recent past and the trend continues to grow rapidly towards...
