Dubai: Dubai As A Successful Model For Development

2413 Words5 Pages
bulb-icon

Recommended: The political, legal, economic, social and cultural factors for Dubai

Introduction
Dubai is small city, located in the Arabian Gulf, it is member of a federation of the United Arab of Emirates. The Dubai phenomena is very controversial. Any observers can conclude that the Dubai is very important area for business, and it is itself had many free trade and business. Nevertheless, many refers to Dubai as one of the most important global city for economic growth. On the other hand, Dubai had witnessed many economic crisis in less than 10 years. The main aim of the research paper is Dubai a successful model for development, and how Dubai deals with the economic crisis, and how recovered their loans.
Therefore, this paper is going to discuss the case of Dubai phenomena. It will concentrate on the trade history in Dubai, Dubai government, economic diversion, expo 2020, and economic crisis in Dubai as well as government recover from economic crisis. The research question aim to answer that what made Dubai a successful model. In general, this paper aim to approve that is Dubai phenomena a successful model for development.
Conceptual analysis
Since 1970 Hussein Mahdavi an Iranian scholar was the first introduce the rentier state concept. He defined rentier state as a state that receives substantial rent from “foreign individuals, concerns or governments”. (Mahdavi, 1970) In the earlier time, when the oil discovered in Arab peninsula Hazem Balbawi and Giacomo Luciani were the first scholars applied the concept over Arab countries, they have written a book considered about rentier state. A rentier state as Balbawi defined it is a state rent situation as predominating, there is a weak domestic productive sector, the economy is based on one single good, limited part of the population involved in the generatio...

... middle of paper ...

...bed into a massive metropolis of two or more million people, most of whom expatriates engaged increase diverse economy. In addition, the historical background showed that Dubai as economic for the gulf, and connected between east and west. Most of important seaport was in Dubai, it was the main source for goods and food for the Gulf region. There are two factor created Dubai city first, the geographic location, and government strategy and clever rulers. Government play a significant role for Dubai development over take risky decisions, and Dubai rulers smart governance of Dubai. While, the economic crisis didn’t effected Dubai highly and Dubai recovered from these crisis. In addition, Dubai is host of Expo 2020 which it is the begging for new development in the state. In the end, I believe Dubai is successful model because of her governance and rulers.

Show More
Related

  • The Degree of Success of Reza Shah Pahlavi after the 1925 Coup

    1555 Words  | 4 Pages

    1989 [7] Cleveland, William L. A History of the Modern Middle East. Westview Press, Colorado. 2000. [8] Milani, Mohsen M. The Making of Iran’s Islamic Revolution. From monarchy to Islamic Republic Westview Press Inc.

    Read More

  • Case Study Of Dubai's Debt Crisis

    3793 Words  | 8 Pages

    Dubai’s debt exists as a fundamentally important aspect of modern economic research. Set against a backdrop of fluctuating stock prices, an unstable real estate market and an uncertain world economy, speculation about the future of Dubai is rife, despite Dubai initially appearing to bear the global financial crisis far better than most other affected countries.

    Read More

  • European Influence on the Ottoman Empire and Egypt During the 18th and Early 19th Centuries

    1084 Words  | 3 Pages

    From the 18th century through the beginning of the 19th century, European influence was a significant force in various aspects of the Ottoman Empire, Egypt, and Iran. Although the reforms, coined primarily by Gelvin as “defensive developmentalism,” were initially intended to centralize governmental control and strengthen the military, the actual effects were much broader. Based on varying pre-existing conditions and unique approaches to governorship, this process of modernization affected each region differently. This essay will explore the manners in which European influence shaped each territory, the primary areas of civilization, politics and culture that experienced reform, and the degree to which that influence was significant, or in the case of Iran, insignificant.

    Read More

  • Economic Analysis of The United Arab Emirates

    1872 Words  | 4 Pages

    The UAE has a well developed infrastructure. The capital city of Abu Dubai and the city of Dubai are both very modern cities. They have a modern and extensive public transportation system including buses, highways, commercial seaports and an international airport. The country also has a number of government run hospitals. The country is primarily known for their petroleum production, like most of the countries in the region. Their extensive petroleum reserves have allowed them to achieve tremendous economic and social development. Most of the UAE's petroleum reserves are located i...

    Read More

  • Oil and Saudi Arabia

    4092 Words  | 9 Pages

    Saudi Arabia, the leader of OPEC (Organization of Petroleum Exporting Companies), maintains a powerful position in negotiations with the U.S. and other countries. Its vast supply of oil directly effects per barrel pricing and is a unique bargaining tool in international politics. But Saudi Arabia is no ordinary country in today's world. Its borders are governed by a royal family of nearly 30,000 individuals, all of which share most of the wealth and almost all of the power. Its people, with foreign exceptions, are wholly Islamic and many practice the faith with a frightening sense of devotion. And despite the immense revenue generated by its oil reserves, part of its population still lives in absolute poverty. Although recently it has seen immense change, it is still a country fair behind the progressive world.

    Read More

  • Doing Business in the Middle East

    2112 Words  | 5 Pages

    Presently Bahrain, Egypt, Iraq, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, and Yemen are the 14 nations in the Middle East. The majority of Middle Easterners share in common the Arab culture, language and religion. It is especially important to take note of the Islamic belief. "Islam means the act of giving one's self to God or Allah" (Harris & Moran, 2000, p.385). Visitors and business people must understand the powerful religious and cultural force of Islam to appreciate or comprehend this country. Although this paper focuses on establishing and doing business in the United Arab Emirates (UAE), the writers have also given attention to the demographics and culture of this intriguing country.

    Read More

  • The Effects Of Oil On Saudi Arabia

    2283 Words  | 5 Pages

    The Kingdom of Saudi Arabia is a petrostate. It is a petrostate in the sense that the oil sector dominates the national economy and international exports. (Colgan 226) This is due to Saudi Arabia’s one crop economy, oil. (Ali 100) Oil accounts for 70-80% of the state revenue as well as roughly 95% of export revenues. Before the discovery of oil in the 1930s, the economy rested on Islamic pilgrims. Containing the Grand Mosque, Al-Masjid al-Haram, Saudi Arabia gets a large influx of believers every year for the Hajj, one of the Five Pillars of Islam. During this time of year, income was made by food and shelter sold to the travelers. This was enough to support the state, but not enough to make it the monetary power it is today. What allowed for Saudi Arabia’s climb in the world economic ladder was oil. Oil has been a valuable industrial resource since the beginning of World War 1. Since then the demand for oil has progressively become higher and higher amongst industrial nations, allowing for oil rich states to receive large amounts of affluence. Among these oil rich states is Saudi Arabia, the region with the highest capacity for oil production out of the entire Middle East. From their remarkably high oil production, Saudi Arabia was able to gain considerable amounts of wealth and political significance. Oil in Saudi Arabia politically affected the Saudi government in both their foreign and domestic policy by providing economic power, the ability to fund wars, the ability to use economic diplomacy.

    Read More

  • Essay On Megacities

    1415 Words  | 3 Pages

    This paper will discuss about the development of megacities in general, starting with an introduction and then followed by the definition of development and megacity. After that, there will be elaboration of the development of megacities and continue with a section entitled how megacities develop and a brief point about challenges of development of megacities. Finally the paper will reach a study case of the development of Jakarta as a developing-country megacity and ended with a conclusion.

    Read More

  • PESTLE Analysis Of Dubai

    1465 Words  | 3 Pages

    After the crisis UAE’s economy suffered from 2008-2009 the economy has diversified itself and does not depend solely on oil anymore but also on other sectors such as tourism. The inflation rate of Dubai is 0.33% which is also significantly low (Dubai Statistics Centre,2016).The small medium enterprise does not want to take a risk where there are fluctuations in price level thereby effecting the buying power of people and also the demand and supply of the Al-Simpkin’s product. Furthermore,the government encourages foreign investment and besides the agent there are free zones such Jabel Ali which is the largest

    Read More

  • The Expo 2020 in Dubai: ‘Connecting Minds, Creating the Future’

    583 Words  | 2 Pages

    Many employees in Dubai have a different opinion on how the Expo 2020 might affect the country. Abdulla Al Majeed, currently employed at Etisalat, argues how the Expo has its pros and cons. One benefit is that Dubai will have many foreign visitors which will cause the economy to bloom drastically. Dubai will have approximately 25 million visitors; therefore Dubai will make a large amount of money from all of these visitors. Another benefit is that it will provide approximately 270,000 new jobs in Dubai, as stated by the government of Dubai. While the Expo can be beneficial, one downside to it is that the traffic in Dubai will increase by a large amount. Since 25 million people will be visiting Dubai, all the roads will be packed.

    Read More

  • Economic Growth And Development Essay

    1870 Words  | 4 Pages

    But the causes are complicated and close examinations are needed to gauge the degrees of developments of the two economies. One year's performance does not tell the whole story. Singapore is often quoted as an exemplary city to have successfully embedded its development strategy within the global economic circuit thus becoming a major regional/global head-quarter, financial and export service as well as manufacturing centre. The main UAE cities i.e., Abu Dhabi, Dubai and Sharjah, on the other hand, are among many urban regions in the developing countries that hope to emulate Singapore as an emerging global city. Indeed Dubai is the most aggressive "aspiring city" in the Middle East and North Africa region pursuing this goal within its 20 year strategic development plan. Although there have been a number of research examining the impact of globalization processes on urban and regional development in various geographical areas including Singapore, there is a distinct lack of studies on the Middle Eastern Region particularly the UAE cities. These are in spite of the increasing prominence and role of these cities in the regional/global economy as emerging regional gateway and headquarter centers. In view of this, the following study delves into the very path that each of the subject cities has employed. It is an attempt to evaluate both the past development and the present and future capacity of their milieu, to accomplish their respective 'development visions' and emerge as centers of the global supply chain. The report will demonstrate a brief comparison of economic indicators between the economies of the United Arab Emirates and the Republic of

    Read More

  • The Construction of Palm Island, Dubai

    1490 Words  | 3 Pages

    The amazing technology that was used in the construction of Palm Islands in Dubai. In construction, technology may be used as means to perfect, accelerate the time of construction and perform the seemingly impossible. Palm Islands was a complex project in the sense that only natural materials were used and the shape was somewhat peculiar. This land reclamation project increased Dubai’s shoreline by 75km where 94 million cubic meters of sand and 5.5 million cubic meters of stone were used to create the palm shaped island on which luxury villas and hotels were to be later built, C.Gibling (2013, pg 4). This required special technology and techniques to ensure success of the project.

    Read More

  • Emirates Airlines: The Success Of Emirates Airlines

    1016 Words  | 3 Pages

    Dubai's Government fitted to deal with Emirates as an independent business entity after making its first start deal, and according to that, they are thriving today. Since the airline is third in operation, it has an annual profit as it recorded every year.

    Read More

  • Essay On Burj Khalifa

    1379 Words  | 3 Pages

    In addition, the government decision to build Burj Khalifa was to explore its functions from oil-based economy to an economy that is tourist motivated. Many officials in the region brought forth the importance of building the Burj Khalifa so that it could enhance investment.

    Read More

  • My Trip To Dubai Essay: My Trip To Dubai

    800 Words  | 2 Pages

    Have you ever wanted to see the world’s richest country? That is covered with exotic beaches. Food that will defiantly cure your taste buds. Luxurious cars everywhere you turned your head. Seeing different people from all over the world coming to visit. A place that’ll for sure entertain you. To get a taste of this lifestyle that’s overseas, you need to visit Dubai.

    Read More

More about Dubai: Dubai As A Successful Model For Development

Open Document