Essays on Commercial Law in the United Arab Emirates Assignment

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The paper "Commercial Law in the United Arab Emirates " is a perfect example of a law assignment. The United Arab Emirates (UAE) is currently on its rapid expansion process, with Emirati governments helping both in public and public-private ventures by spending the proceeds of high oil prices and international investments in the region. They have not only increased in the availability of funds but invest in human capital and in improving the rapid growth of the non-oil sector. The UAE has been a regional leader when it comes to economic and innovative plans since it was established as a Federation. Business and economic data for the 6 GCC countries and 4 other countries. Country GDP exchange rate Population GDP per capita Inflation rate Unemployment rate YOUTH School life Workforce UAE $360.1 Billion 5,314,317 $48,800 0.9% 12.1% 13 years 4.1 Million Kuwait $176.6 Billion 2.9 Million $62,700 4.7% 2.2%   2.4 Million Qatar $173.0 Billion 1.9 Million $92,500 1.9% 0.5%   1.4 Million Saudi Arabia $576.8 Billion 28.1 Million $20,500 5% 10%   7.64 Million Oman $71.8 Billion 2.8 Million $25,200 4.1% 15%   920,000 Bahrain $22.9 Billion 1.34 Million $18,200 -0.4% 3.8%   655,000 Yemen $33.8 Billion 24.8 Million $1,400 16.4% 35%   6.5 Million Egypt $229.5 Billion 82.5 Million $2,800 10.1% 12%   26.1 Million Iran $331.0 Billion 74.8 Million $4,500 20.6% 12.4%   25.7 Million Israel $242.9 Billion 7.8 Million $31,300 3.5% 5.6%   3.2 Million The website used: www.

worldbank. org Task 3 Usually the main aim of import quotas, tariffs and duties are generally to protect home industries that are more likely to fail against international giants (Cadogan, 2010), but in poor countries, this is not the case because most developing countries do not have their own industries to protect and therefore, import quotas, tariffs and duties are of no benefits but to hurt their standard of living. As far as this question is a concerned, poor or developing countries in most cases prefer free trade where there are no trade controls for goods and services they import.

Works cited

Cadogan, Godfrey. “A Trade Policy Perspective on Import Quotas And The Substitution Effect.” Social Science Research Network (2010): n. pag. Print.

Chaliand, Gerard. “THIRD WORLD.” Definitions and Descriptions: Retrieved on 24th November, 2012 from http://www.thirdworldtraveler.com/General/ThirdWorld_def.html. Print.

Haggard, Stephan, and Lydia Tiede. “The Rule of Law and Economic Growth: Where are we?” World Development 39.5 (2011): 673-685. Print.

Mcgee, Robert W. “Trade Sanctions as a Tool of International Relations.” Commentaries on Law Public Policy Vol 2 pp 53 127 2 (2004): 75. Print

Motoshige Itoh. “Tariffs, Quotas, and Market.” Quarterly Journal of Economics 97.2 (1982): 295-305. Print.

World Trade Organization. “General Agreement on Tariffs and Trade.” International Organization 17.04 (2009): 994. Print.

Worldbank.org retrieved on 24th November, 2012 from http://www. worldbank.org. Print.

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