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Dubai's Diversification: From Boom to Bust

Davidson, Christopher M.

Authors

Christopher M. Davidson



Abstract

In just two years the economic development of the United Arab Emirates’ second wealthiest and historically most autonomous emirate of Dubai went from being an exemplar of post-oil diversification for the region to being a warning on the perils of relying on foreign direct investment and credit-fuelled growth. This article argues that Dubai’s current economic slowdown is a direct consequence of the new sectors that were introduced in the 1990s, the speed with which they were developed in the 2000s, and the debts that were incurred in the process.

Citation

Davidson, C. M. (2011). Dubai's Diversification: From Boom to Bust. Orient (Leverkusen), 52(1), 51-55

Journal Article Type Article
Publication Date Jan 1, 2011
Deposit Date Jan 16, 2011
Journal Orient.
Print ISSN 0030-5227
Publisher German Orient-Institute
Peer Reviewed Peer Reviewed
Volume 52
Issue 1
Pages 51-55
Public URL https://durham-repository.worktribe.com/output/1513186
Publisher URL http://www.orient-online.com/