Dubai Global Economy Research Paper Example | Topics and Well Written Essays - 1250 words

Dubai Global Economy - Research Paper ExampleBesides, Dubai is recognized as the about important emirate of UAE due to its leading reserves of oil and natural gas. The nominal gross domestic product of UAE in the course of instruction 2008 was recorded as 815,318 (mn dirham) and real GDP 453,578 (mn dirham) which depicts a sustainable growth since the year 2002. Notably, the nominal GDP of UAE in 2002 was 272,856 (mn dirham) and real GDP 269,304 (mn dirham). In addition, Dubai is also the main trading area among other emirates of UAE, which offers a significant influence on the GDP of the thrift (Sementelli, A, Toward a Taxonomy of Disaster and Crisis Theories). Moreover, due to emergence of free-trade z atomic number 53s, Dubai became one of the imperative sectors of trade for the western producers, which offered significant support for the growth of financial condition within the economy of UAE. However, due to the recession of 2009, Dubai faced substantial challenges which also affected UAE to a significant extent (refer to participate 1) (Vietor, R. H. K. & Forrest, N. Dubai Global Economy). Focusing on these aspects, it can be stated that Dubai is among the most important emirates and the strategies should be considered as credible being fair and constitutional. Figure 1 UAE profile (2008) Dubai Profile (2008) GDP 84% GDP 152% Reserves N/A Reserves N/A Official Reserves 46 $ meg Official Reserves N/A External Debt 211 $ billion External debt 115 $ billion Source (Vietor, R. H. K. & Forrest, N. Dubai Global Economy, pp. 6) Question 2 According to Astley (2009), the most important reason which resulted in this financial disorder was the erroneous monetary policies of the United States. The monetary policies mainly concentrated on the activities of the commutation Bank or any other dictatorial authorities of the country that significantly helped in ascertain the extent and rate of growth of fiscal supply (Sibert, Global Imbalances and the Financial Cris i