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Biblioteca

13 de mayo 2016
The Economy of Dubai

Over the last 50 years, Dubai has transformed itself from a small fishing and trading village into an integrated, modern, and vibrant economy. The development process was initiated by oil richness but, unlike most other oil exporters, it has successfully diversified away from hydrocarbons with the creation of world-class clusters of financial services, tourism, and […]

26 de marzo 2015
The Efficiency Cost of the Kafala in Dubai: A Stochastic Frontier Analysis

The Kafala (or sponsorship) system is the key instrument behind the economic development of the United Arab Emirates (UAE) and most Middle East economies. The system governs both labor migration and foreign investment by assigning a native-UAE sponsor to each migrant worker and each foreign investor. Sponsors enjoy significant command over these factors and extract […]

24 de febrero 2015
Sources of Economic Growth and Development Strategy in Dubai

This chapter provides a long-term analysis of the determinants of economic growth in Dubai in the period 1975–2008. The analysis focuses on long-run trends and abstracts from short-run fluctuations and other transient phenomena. We extend in time, scope, and depth previous work by the Dubai Chamber of Commerce and Industry (2004). Beyond the customary difficulties of analyzing the determinants of […]