Essays on Economic Activity in the UAE Case Study

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The paper "Economic Activity in the UAE" is a perfect example of a micro and macroeconomic case study.   The economy is a driving force for any nation. The external trading and international trade give a country its mileage. However, the responsible person should ensure that all the economic policies are put in place to achieve the best out of the interaction between states. United Arab Emirates (UAE) is not left behind. The national government is initiating appropriate monetary and fiscal policies to improve the value of the national currency; the Dirham. The government of the United Arab Emirates employs an expansionary monetary policy to control its economy.

The Central Bank of UAE is the agency responsible for appropriate monetary policy that should be applied to stabilize prices and take care of any form of inflation. However, it stresses lifting bans and trade barriers to allow free trade with the rest of the world. Unsanctioned trade is crucial for the economic growth of any nation. Dubai is geared towards letting out more and more bonds so as to fund its comprehensive economic strategy. Economic pillars that need to be checked are the monetary and fiscal policies.

Also, national accounts are crucial when one to understand in depth the economic development of a country. UAE is the choice country because of the richness of resources and its fast economic growth. It might mean that the government with the central bank to facilitate such economic policies while stressing on the need for finances and revenue from the thriving private sectors and investments in the economy. Results and Discussion National Accounting in UAE National accounts deal with the implementation of appropriate accounting techniques so as to measure economic activity in a country.

However, it involves consideration of international trade based on the existing economic policy of such a country. The United Arab Emirates has been coming up with evolving national accounting that seeks to strengthen its economic growth from the word go. International Monetary Fund has ranked UAE among the countries.

References

Abdih, Y., Lopez-Murphy, P., Roitman, A., & Sahay, R. (2010). The Cyclicality of Fiscal Policy in the Middle East and Central Asia: Is the Current Crisis Different? IMF Working Papers, 1-26.

Al-Tamimi, H. A. H. (2006). Factors influencing individual investor behavior: an empirical study of the UAE financial markets. The Business Review, 5(2), 225-233.

Al-Qahtani, A. K. (2005). The development of accounting regulation in the GCC: Western hegemony or recognition of peculiarity? Managerial Auditing Journal, 20(3), 217-226.

Darrat, A. F., & Al-Sowaidi, S. S. (2009). Financial progress and the stability of long-run money demand: Implications for the conduct of monetary policy in emerging economies. Review of Financial Economics, 18(3), 124-131.

Starr, M. A. (2004). Monetary Policy in Post-Conflict Countries: Restoring Credibility.

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