@techreport{Nyarko2010United,
abstract = {Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has been able to transform itself into a rapidly modernizing country, which is fast becoming a major economic hub and a key player on the international economic landscape. This paper discusses a number of aspects of the development strategy of the UAE that contributed to its phenomenal development: (i) the political system, which has resulted in a perception of stability and minimal political risk, encouraging investment; (ii) oil; (iii) development strategies that have resulted in a very dynamic business environment; (iv) open importation of foreign skills and management; (v) labour policies that have enabled the immigration of vast numbers of foreign lower-skilled workers. There are, of course, also concerns for the future, and indeed each of the five positive attributes listed above has a flip side which is a potential major challenge for the future.},
address = {Helsinki},
author = {Yaw Nyarko},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
isbn = {978-92-9230-246-7},
keywords = {O53; 330; role models; United Arab Emirates; success; Erd\"{o}lf\"{o}rderung; Sozialer Wandel; Entwicklung; Wirtschaftspolitik; Wirtschaftspolitisches Ziel; Saudi-Arabien},
language = {eng},
number = {2010,11},
publisher = {WIDER},
title = {The United Arab Emirates: Some lessons in economic development},
type = {Working paper // World Institute for Development Economics Research},
url = {http://hdl.handle.net/10419/54154},
year = {2010}
}
