This document has reported the influence of globalization on the Unites Arab Emirates, especially those markets of it that are developed by the globalization. The globalization has increased the share of countries in the total exports and imports in the world. The government in UAE has been participating actively in the globalization since the realization that merely oil and gas resources will not be the guarantee for prosperous future. Thus, myriads of adjustments are required in the in the economy focusing on how to the cope with the latest demands and offer the best possible opportunities and facilities to foreign investors.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- The Importance of Foreign Investment
- UAE's Importance in the World
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This text aims to analyze the role of the United Arab Emirates (UAE) in the process of globalization, focusing on the importance of foreign direct investment (FDI) in its economic development. It examines the challenges and opportunities presented by globalization for the UAE and explores the country's strategies for attracting FDI.
- The impact of globalization on the UAE's economy.
- The significance of foreign direct investment (FDI) for the UAE's growth.
- The UAE's strategies for attracting FDI, including the establishment of free zones.
- The challenges posed by globalization to the UAE's economic development.
- The UAE's role in the global economy.
Zusammenfassung der Kapitel (Chapter Summaries)
Introduction: This introductory chapter sets the stage by discussing the UAE's race to attract foreign investment and the challenges posed by federal requirements for joint ventures with local partners. It highlights the creation of free zones to alleviate these obstacles, enabling 100% foreign ownership and tax-free investment opportunities, ultimately making the UAE an attractive investment destination and contributing to its rapid development. The chapter emphasizes the importance of active participation in globalization to further strengthen the UAE's economy and attract FDI.
The Importance of Foreign Investment: This chapter delves into the broader context of globalization's impact on countries worldwide. It examines how globalization has increased cross-border trade and investment flows, leading to increased competition among countries for investment. The chapter highlights the significant growth in foreign direct investment (FDI) over the past decades and its role as both a cause and effect of globalization. It also discusses the potential drawbacks of globalization, such as its impact on human nature and economic relationships, while underscoring the importance of attracting FDI for national success in the global context.
UAE's Importance in the World: This chapter focuses on the UAE's strategic role in globalization. While acknowledging initial challenges such as property rights issues, it emphasizes the country's vast oil and gas reserves as key drivers of its participation in the global economy. The chapter highlights the significant transformation of the UAE's economy since the discovery of oil and its potential to outperform many other countries. It underscores the country's rapid development into a modern investment hub despite having a small territory and population, relying heavily on expatriate labor.
Schlüsselwörter (Keywords)
Globalization, United Arab Emirates (UAE), Foreign Direct Investment (FDI), Economic Development, Free Zones, Investment Attraction, Oil, Gas, Joint Ventures.
Frequently Asked Questions: A Comprehensive Language Preview of the UAE's Role in Globalization
What is the main focus of this text?
This text analyzes the United Arab Emirates' (UAE) role in globalization, focusing on the importance of foreign direct investment (FDI) in its economic development. It examines the challenges and opportunities globalization presents to the UAE and explores its strategies for attracting FDI.
What are the key themes explored in this text?
Key themes include the impact of globalization on the UAE's economy, the significance of FDI for the UAE's growth, the UAE's strategies for attracting FDI (including free zones), the challenges posed by globalization to the UAE's economic development, and the UAE's role in the global economy.
What are the chapter summaries?
The Introduction discusses the UAE's efforts to attract foreign investment, the challenges of federal joint venture requirements, the creation of free zones to overcome these obstacles, and the importance of active participation in globalization. The chapter on The Importance of Foreign Investment explores the broader impact of globalization on international trade and investment, highlighting the growth of FDI and its potential drawbacks. Finally, UAE's Importance in the World focuses on the UAE's strategic role in globalization, its oil and gas reserves, its economic transformation, and its development into a modern investment hub.
What are the key strategies employed by the UAE to attract foreign direct investment (FDI)?
A key strategy is the establishment of free zones, which offer 100% foreign ownership and tax-free investment opportunities, thereby mitigating challenges posed by federal requirements for joint ventures with local partners.
What challenges does the UAE face in attracting FDI and participating in globalization?
Challenges mentioned include initial property rights issues and the inherent complexities and potential drawbacks associated with globalization's impact on economic relationships and human nature.
What is the role of oil and gas in the UAE's economic development and global participation?
The UAE's vast oil and gas reserves have been key drivers of its participation in the global economy, fueling its significant economic transformation and rapid development into a modern investment hub.
What are the keywords associated with this text?
Globalization, United Arab Emirates (UAE), Foreign Direct Investment (FDI), Economic Development, Free Zones, Investment Attraction, Oil, Gas, Joint Ventures.
What is the overall objective of this text?
The text aims to provide a comprehensive analysis of the UAE's role in globalization, with a particular focus on the significance of FDI in its economic growth and development.
What type of audience is this text intended for?
The text is intended for academic use, allowing for the structured and professional analysis of themes related to the UAE's economic development within the context of globalization.
Where can I find more information on the topics covered in this text?
Further research can be conducted using the keywords provided, focusing on academic databases and reputable sources specializing in international economics, globalization, and the economies of the Middle East.
- Quote paper
- Nadeem Uz Zaman (Author), 2011, UAE and Globalization - Attracting Foreign Investments, Munich, GRIN Verlag, https://www.grin.com/document/178737
