A Survey of the Innovation Ecosystem in the United Arab Emirates

Abdullah Sharafi
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Abdullah Sharafi: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 205, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: The UAE has long set itself apart from other members of the Organization of Petroleum Exporting Countries (OPEC) by successfully reducing its dependence on oil exports and diversifying its economy to focus on industries such as tourism, media, technology, and real estate. The economy’s innovation capacity expanded when businesses and properties were allowed to be 100pc owned by non-nationals. However, the UAE must learn from its own experiences and those of other nations to further improve its innovation ecosystem, such as by tackling legacy rentier institutions and laws that prevent it from transforming into a fully modern sustainable economy.

Pages: 17 pages
Date: 2022-03-23
New Economics Papers: this item is included in nep-ara and nep-ene
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