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 2009. 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 Organisations have ethical and legal issues that determine their productivity as well as creating a good working environment for its workers. There are a number of ethical principles that can be used by an organization to address some of the issues it faces. These are human ethical conducts and...
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 The economic sphere of the global economy has changed significantly over the last two decades. These changes have affected how organizations move up and down in the national system. Globalization has its historic background on the development of new technology and deregulation of capital markets (Apfelthaler, Shane & Hruby,...
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 Nations within the Gulf region (GCC) rely heavily on oil to sustain their economies. Recently, the prices of oil have been spiraling down, causing panic among policymakers. The drop in oil prices is projected to affect the economies of GCC countries in various ways. Emirates Airline is a carrier...
Introduction Purchasing and supply management entails the selection and coordination of suppliers to ensure that a business receives products on time. It also involves the procurement and management of advertising, marketing, and information technology-related services. Barney (2012) claims, “Companies exist by selling, but earn profits by purchasing” (p. 4). Therefore,...
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...
Introduction External social forces have become significant drivers in corporate ethics. This is particularly right for corporations around the world. Corporations are expected to provide powerful consideration to social expectations in the field of general community participation and corporate responsibility. The digital era has imparted considerably to this improved significance...
Introduction Globalisation of industries has become one of the fundamental issues that have marked significant business transformations in the current days. Companies across the world are constantly seeking an international breakthrough and spending a substantial amount of money and time to enhance their global expansion (Deresky, 211). Particularly in the...
The term globalization evokes different feelings in different people. There are those who view it as an opportunity to attain high living standards all over the world. On the other hand, there are those who consider it a tool for propagating inequalities. There is a consensus that global integration is...
Money is a form of medium of exchange used to purchase goods and services. It is the generally accepted unit of exchange, which is used to pay for purchases. Money is created in the mint by the federal bank of the country. Thus, the government issues coins and paper currency,...
Introduction People work in different organizations hence they spend most of their time there. It then follows that while at the workplace, they are likely to face various ethical dilemmas. Some of them occur on a regular basis and affect employees negatively. However, there are ways through which some of...
Introduction According to Stolzer, Halford, and Goglia (2011), safety management system (SMS) is a business management system that is used to help in the management of safety issues in an organization. It is an effective way that helps in the identification and control of risks. One of the features of...
