Essays on Economic Stability Evolution of United Arab Emirates, Desert Heat Scenario Case Study

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The paper “ Economic Stability Evolution of United Arab Emirates,   Desert Heat Scenario” is a thoughtful variant of the case study on macro & microeconomics. United Arab Emirates (UAE) is one of the countries with the highest potential to achieve a high growth rate. The country had a population of 9.2 million people in 2013 with 1.4 being Emirati citizens and 7.8 million being expatriates (Schumtz, 2016). Currently, UAE has the seventh-largest oil reserves in the world and the seventeenth-largest natural gas reserves in the world. The economy of the country is dependent on the oil and natural gas industry.

However, the economy of the country is considered as one of the most diversified in the Gulf Cooperation Council. This is as a result of the emergence of its aviation industry as well as a global city. The international profile of the country is increasingly on the rise as a result of its improved economy. UAE also has a rich historical background as it has been inhabited for more than 130,000 years. Tourism is one of the important sectors in the country as millions of tourists visit the country every year.

The main religion in the country is Islam which has been practiced for centuries. The country maintains a good relationship with most of its neighbors as well as the Gulf Cooperation Council members (Schumtz, 2016). The official language in the United Arab Emirates is Arabic. The government is led by a Federation of 7 hereditary monarchies. The GDP per capita of the country is $ 66,996 and it is the 7th in the world. The country is however yet to fully embrace technology in most of its sectors. Scenarios are stories about the future and it is provoked by the current trends as well as assumptions.

Three important scenarios have been made about the United Arab Emirates and it includes the fertile gulf, sandstorm, an oasis (World Economic Forum, 2007). Scenarios play an important role in representing the imagined future of the countries. The scenarios can play an important role in enhancing the robustness of the strategies that have been put in place by a country.

Works Cited

World Economic Forum. (2007). The United Arab Emirates and the world: Scenario to 2025. World Scenario Series.

Schumtz, J. (2016). Power and society in the Gulf: An introduction to Gulf studies. Jj-02-a.

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