How life has stayed the same in UAE and how life has changed in UAE. can you please explain.
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Thirty years ago the UAE was one of the least developed countries of the world. Today, it has achieved an income level comparable to that of the industrialized nations. The UAE did not pass through the hypothetical development ‘stages’ that most developed countries seem to have experienced. Rather, its large oil revenues have allowed her to leap these stages to the stage of high mass consumption. Massive oil revenues have enabled the UAE to short-cut the usually difficult and lengthy process of saving and capital accumulation necessary for economic development. Given an abundance of natural resource endowments (oil and gas), the UAE has embraced resource-based industries (RBI) as a development strategy, an industrial strategy that is based on utilization of natural resources. There has been a deployment of windfall income, largely directed at a ‘once-and-for-all’ boost to the social and economic infrastructure, which enabled the UAE to achieve a significant degree of economic development within the very brief timeframe of 1973 to 1982, a period of relatively high oil prices
I hope it helps
with regards
ankita
I hope it helps
with regards
ankita
Priya500000:
This is copied rgt?
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Hey I am from UAE
Life has changed due to smart liVing and technology
And same because of culture and good ethics...
Life has changed due to smart liVing and technology
And same because of culture and good ethics...
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