EconPapers    
Economics at your fingertips  
 

The Prosperity of UAE

Fares Al-Shargie and Entesar Ahmed
Additional contact information
Fares Al-Shargie: American University of Sharjah

No tgcvr, AgriXiv from Center for Open Science

Abstract: Competition between nations is essential in achieving prosperity and economic development. Nations cannot have competitive advantage in all aspects. Some nations enjoy competitive advantage in specialized areas, for example, Switzerland has a competitive advantage in the watches industry, while Italy has competitive advantage in the shoes industry. Competition advantage relates to nation’s productivity, which is explained by nation’s output value per a unit of capital or labor, in a cost effective and efficient manner. Initially economists believed that country’s national resources, labor force, interest rates, as well as currency value are the key determinant of nation’s competitive advantage. This paper presents different aspects of prosperity in the United Arab Emirates (UAE) and compare it with that in Saudi Arabia.

Date: 2019-10-24
New Economics Papers: this item is included in nep-ara
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://osf.io/download/5db13c140db187000b3a30d5/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:agrixi:tgcvr

DOI: 10.31219/osf.io/tgcvr

Access Statistics for this paper

More papers in AgriXiv from Center for Open Science
Bibliographic data for series maintained by OSF ().

 
Page updated 2020-01-26
Handle: RePEc:osf:agrixi:tgcvr