Free And Open Trade Policies, Liberal Business Environment And Good Economic Order

turnover, which is made possible by low prices and limited product selection. This business model is appealing for them and has many benefits. Firstly, by setting up the business approach to rapidly

I have to admit that we are very blessed with so many beautiful and breathe taking cities in the world. Dubai is just one of the many countries which has advanced from their humble beginnings and today are multi million tourist. Dubai is another city which has moved from having not as much as other countries once did such as money and a stable economy, to one of the richest cities in the world. In 1966 oil was discovered in Dubai and was a catalyst for Dubai’s economic growth. From a country that had come from not having a stable economy and not a lot of money, it has become like I said earlier, one of the richest cities in the

Customers expect safe and strong products, sold to an affordable and suitable selling price, otherwise they will refuse to buy it. The aim of big companies is to fulfil and exceed customers’ expectations and offer them quality products.

The UAE was formed by the union of the coastal sheikdoms around the Arabian Gulf in 1971 by an agreement for a Federal Constitution. The country has forged ahead and the economy grew because of its oil wealth. Although now the economy is not reliant on oil and revenues come in from tourism, real estate and trading. This has promoted development in other areas like social, cultural and education. It also brought in a great influx of expat community and the Emirati population is only 20% (Gaad, 2006).

The "low-end" market segment focuses on selling a few select sizes because they can achieve fast cost reduction due to the large market size. This cost

Most countries affected by the civil wars have been cut off from any regional connections therefore they weren’t able to attract many of their regular customers. The UAE has taken that to their advantage by reeling in the customers who would normally shop in Egypt, Syria, Tunisia, Libya and Yemen and give them the opportunity to shop in places in the UAE instead of in a dangerous country. This has led to a 10% rise in spending by shoppers affected by the Arab Spring. The United Arab Emirates is known as a modern country with a stable government system that the public seems to respect. Governments from different countries such as Syria have shut down Internet and power connections to avoid the world to see the troublesome county. Because of these barricades, countries such as the United States and England have been keeping a close eye, especially since they cannot export and import products between countries. Perhaps the Middle East would’ve been better off without the Arab Spring.

The United Arab Emirates is one of the most important tourist destinations in the region. The Arab spring had a very minor effect on the country’s tourism as it did not have a revolution but tourists in countries such as the Americas and Eastern Asia and some European countries were still slightly worried to visit any Arab country as it could be hit by the domino effect of the Arab Spring. UAE is not a neighboring country of any of the countries that had revolutions but it is in the same region.

The economy in the United Arab Emirates has experienced substantial increases in the last 40 years. The UAE’s capabilities with the pearling and oil industries have given the region its necessary budgets to expand so rapidly. The economic policies in the UAE have gone through stages, since the birth of the region in 1971. Changes in economic welfare of the markets, and privatization policies are also key aspects in understanding the UAE’s economic liberalization and growth. In order to understand the UAE’s economic standard, economic liberalization must be analyzed. The argument of this paper will discuss how economic liberalization has occurred in the United Arab Emirates and is continuing to grow.

The United Arab Emirates (UAE) is a very desert like Middle Eastern country that borders Saudi Arabia. The UAE was once a regular middle eastern country until oil was found and is now in the top five of richest countries in the world. The GDP of the UAE is $667.2 Billon as of 2016.The UAE was once controlled by Britain and is now a union of multiple emirates. The seven emirates of UAE are; Dubai, Abu Dhabi, Ajman, Sharjah, Fujairah, Ras Al Khaimah, and lastly, Umm Al Quwain. "Our system of government is based on our religion and this is what our people want. Should they seek alternatives, we are ready to listen to them. We are all in the same boat, and they are both captain and crew.” -Sheikh Zayed.

The UAE is one of the riches nations in the world as measure by per capita GNP. The economy is primarily based on the oil

The UAE 's economy is the most diversified in the Gulf and the wider region. There’s no income tax. The gross domestic product is 67,616 dollars US per capita. The country oil and gas reserves are among the richest in the world. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to twenty five percent with a plan to push it to zero within next fifty years (Renewable Energy Prospects: United Arab Emirates p. 30). Low prices of oil have prompted the UAE to take steps to reduce its spending on country wide social programs, including eliminating fuel subsidies in August 2015. The IMF recently praised the vision and fiscal policies adopted by the country that

Further infrastructural developments in the future includes Khalifa port in Abu Dhabi, expansion of Port Khalid in Sharjah, extensive goods rail networks connecting the GCC countries and other Airport and Port expansions. This vigorous investment in the sector is essential due to same trend prevailing among other GCC countries. This would further improve the market size and continue growth in sector.

This mode highly controls over the quality and progress of production in Chinese market and avoids layers of exploitation of traders and brokers. Meanwhile, UNIQLO has a huge superiority in terms of quality and cost by procurement of raw materials globally (Fast Retailing Co., 2014). As reasons mentioned above, commodities of UNIQLO are mainly priced between 300 yuan to 600 yuan, successfully achieved the business philosophy of " low price, quality assurance ".

The official language in UAE is Arabic. Other commonly used languages include Persian, Hindi, Urdu, and English. The county is primarily Muslim at 79%; followed by Christianity at 9% and Others such as Hinduism, Buddhism at 15%. The Government type in UAE is a Monarchy and a Federation with specified powers delegated to the UAE federal government and other powers reserved to member emirates. The Currency in this country is Emirati dirham (AED) and the conversation rate is one dollar is equal to 3.67 Dirham. The country area is 83,600 square Km and the GDP per capital as of 2015 is $67,600 (300,000 dirham). (United Arab Emirates Country Risk Report) However, one of the biggest challenges faced is the male/female sex ratio is 2.2 for the total population and 2.75 for the 15–65 age group. There is a high degree of gender imbalance due to the high level of dependency on male foreign workers to perform labor work in the country. (City Data.com). The largest exports include Crude oil (45%), natural gas, re-exports, dried fish, dates and largest imports include Machinery and transport equipment, chemicals, food. The UAE’s primary natural resources are petroleum and natural gas. More than 90 percent of these resources are found in the emirate of Abu Dhabi. Natural freshwater is extremely limited and has been critically overexploited. In addition to petroleum, the UAE extracts rock and sand, mostly for use in construction. Limestone, sand, marl, and gypsum are used to make cement,

Information on UAE and its Strategic Priorities xan be found at the following websites: http://www.uaeinteract.com/; http://www.ameinfo.com/; http://www.uae-embassy.org/business-trade/trade-export; information on logistics: read Basit, A. (2010), “UAE Top Logistics Hub in the Gulf”, Khaleej Times, dated 16 January, Available: