Christopher M. Davidson

Christopher M. Davidson

סופר


1.

A rising economic power, Abu Dhabi, the capital city of the United Arab Emirates, is poised to become a major player in the fortunes of both Third and First World countries. Abu Dhabi owns more than 8 percent of the world's oil reserves, has close to one trillion dollars to invest in sovereign wealth funds, and is about to implement a masterful set of economic initiatives that will yield even greater returns.

Abu Dhabi has begun to eclipse its partner city, Dubai, in terms of sheer wealth and cultural and infrastructural development, opening the world's first Ferrari theme park and erecting satellite branches of the Guggenheim and the Louvre. Author of the best-selling Dubai: The Vulnerability of Success and an expert on Gulf politics, Christopher M. Davidson tracks Abu Dhabi's remarkable growth from a modest, eighteenth-century sheikhdom to its present opulent state. He recounts the dramatic efforts made by the emirate's dynastic family to retain their power, detailing the system of "tribal capitalism" they created in order to reconcile old political allegiances with modern engines of growth. Davidson concludes with potential challenges to Abu Dhabi's political and economic success, including a weakening of civil society, invasive media censorship, an ongoing labor crisis, increasing federal unrest, and persistent underperformance in the education sector.

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2.

Dubai has a remarkable success story. Since its origins as a small fishing and pearling community, the emirate has steadily grown in strength to become the premier trading center of the Persian Gulf. It is also the locus of an exciting and innovative architectural revolution. Despite its lack of democratization and a genuine civil society, Dubai is now a booming metropolis of more than two million people, most of whom are expatriates benefiting from the city's increasingly diversified economy.

Following a detailed history, Christopher M. Davidson presents an in-depth study of Dubai's post-oil development strategies and their implementation during a period of near-complete political stability. Davidson addresses the probability of future problems as the need for sustained foreign direct investment encourages far-reaching socioeconomic reforms, many of which may affect the ideological, religious, and cultural legitimacy of the traditional monarchy. He also analyzes Dubai's awkward relationship with its federal partners in the United Arab Emirates and highlights some of the pitfalls of being the region's most successful free port-its attractiveness to international criminal fraternities, the economy of the global black market, and terrorist networks.

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