Analysis of the Global Economics of United Arab Emirates Report

This report provides an analysis of the global economics of the United Arab Emirates (UAE), focusing on its comparative advantages. It highlights the UAE's strategic position as a link between the Western and Eastern worlds, contributing to its strong competitive advantage. The report discusses the country's socio-cultural, socio-economic, and political factors, particularly the role of Dubai and Abu Dhabi as major trade and business centers. It explores the sources of these advantages, including economic and political changes, and the hosting of the World Expo 2020. The report also examines the role of the government in attracting investment and managing the economy, including macroeconomic policies and revenue generation from the oil sector. It references several academic sources to support its findings, including studies on smart cities, talent management, institutional strategies in higher education, and government excellence.

Running head: GLOBAL ECONOMICS
Global economics
Name of the student
Name of the university
Author Note:

2
GLOBAL ECONOMICS
Table of Contents
Selection of the country.............................................................................................................3
Comparative Advantage of United Arab Emirates....................................................................3
Sources and Challenges..............................................................................................................3
Role of the Government.............................................................................................................4
Additional Investment by the Government and Increase in the advantage................................4
References..................................................................................................................................5

3
GLOBAL ECONOMICS
Selection of the country
The report has discussed about comparative advantage which is an important
perspective of global economy. The global economy of a country and its comparative
advantages along with its sources of the advantages has been presented in this report. The
country selected in this report is “United Arab Emirates”.
Comparative Advantage of United Arab Emirates
The UAE’s strategic position can be termed a link in between the Western and
Eastern globe. This helps the country to act as a strong area that can help in the success of the
country as well as unlock the future potential (Tok et al. 2015). Considering all the different
perspectives of the country which includes the likes of the socio-cultural, socio-economic and
the political factors, UAE can be said to be having a strong and advantageous competitive
advantage over all other regional countries. One of the major reasons for this huge advantage
is the projection of Dubai and Abu Dhabi as one of the largest trade and business the country
development centre of the globe. The emerging centre of socio-economic and geo political
trends has helped the country to gain attention from the international community.
Sources and Challenges
The comparative study of the different reports clearly suggests that the country has
gained a strong advantage over other countries to lead the chart of comparative advantage
(Vassilopoulou et al. 2016). The economic and political changes of the global perspectives
have further helped the country to make the necessary changes that have made them a better
and investment friendly country. The winning of the hosting rights for the world expo 2020
has helped the country to gain a strong advantage over the other countries.

4
GLOBAL ECONOMICS
Role of the Government
The role of the government in the development of the country as a strong economy is
quite recognizable. Accprding to, Wilkins & Huisman (2019) the presence of the different
kinds of the strategic policies and measures to control the inflationary measures have
attracted a large number of businessman. Apart from this the responsible management of the
country in generating revenues from the oil sector has been an important achievement from
the part of the government of UAE.
Additional Investment by the Government and Increase in the advantage
The macroeconomic management of the country was effective in the stabilization of
the financial system of UAE in the middle of the crisis. According to, Zairi (2019) the
stabilization of the economic and institutional architecture in macroeconomic policy.

5
GLOBAL ECONOMICS
References
Tok, E., McSparren, J. J., Al Merekhi, M., Elghaish, H., & Ali, F. M. (2015). Crafting smart
cities in the Gulf region: A comparison of Masdar and Lusail. In Handbook of
Research on Digital Media and Creative Technologies (pp. 448-460). IGI Global.
Vassilopoulou, J., Tatli, A., Ozbilgin, M., Pinnington, A. H., & Alshamsi, A. M. (2016).
Identifying Effective Talent Management Policies and Practices in the United Arab
Emirates (UAE). In Comparative Political and Economic Perspectives on the MENA
Region (pp. 292-305). IGI Global.
Wilkins, S., & Huisman, J. (2019). Institution strategy in transnational higher education: late
entrants in mature markets–the case of international branch campuses in the United
Arab Emirates. Studies in Higher Education, 1-17.
Zairi, M. (2019). Shaping the future of government through excellence: How the UAE
Government has taken lead. International Journal of Excellence in Government, 1(1),
2-7.