The UAE Economy: An Analysis of Factors Affecting Stability and Future Development

The UAE Economy: An Analysis of Factors Affecting Stability and Future Development

  • 5 February 2002

The lecture focused on the UAE economy, making a
distinction between two concepts: economic growth
(which refers to the average growth of per capita income),
and economic development (which implies comprehensive
development comprising quantitative material growth
which can be measured in figures, i.e. empirically tested)
of all sectors of the society. These include its institutions,
infra- and super-structures and services and qualitative
knowledge growth (which cannot be measured in figures,
i.e. it cannot be empirically tested).
Economic development includes several aspects:
human resource development, as humans are indispensable
even in the presence of sophisticated machines; security
and stability, which extends beyond the common belief
that capital always flows to secure regions; and capital
itself, which is essential for genuine economic growth.
His Highness the late Sheikh Zayed bin Sultan Al
Nahyan had paid special attention to economic progress,
which reflects his vision of sustainable economic
development and his interest in achieving balanced
and comprehensive economic growth in all sectors
and geographic regions, as well as at both local and
international levels.

Share

LECTURER

Tuesday 5 February 2002

-

Tuesday 5 February 2002

-