Emiratization: The UAE is very different
Regular readers of The Eclectic Econoclast have seen many mentions of and references to The Emirates Economist. At this point, I would like to draw attention to a few things I think I have learned from him over the past six months:
- The United Arab Emirates is more open than many other oil-rich (or poor, for that matter) Muslim states.
- The economic growth and economic liberalization in the United Arab Emirates are a long way from laissez faire, but they are much closer than in many other predominately Arab countries.
- The excitement and challenges of living in growing, modern cities is equaled by the awe of the dunes and deserts and history.
- Rent-seeking is everywhere.
Major conclusion: do not assume that all oil-rich middle eastern Muslim countries are the same.
Update: for some different perspectives, see Secret Dubai or The Freaking Truth.
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