The Global Economic Crisis and Consequences for Development Strategy in Dubai by Ali Al SadikThe Global Economic Crisis and Consequences for Development Strategy in Dubai by Ali Al Sadik

The Global Economic Crisis and Consequences for Development Strategy in Dubai

EditorAli Al Sadik, I. Ahmed Elbadawi

Hardcover | May 31, 2012

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This exciting and timely collection identifies and addresses the impacts of the global financial crisis on Dubai and the surrounding region. The issues are highlighted and analyzed by a group of distinguished scholars, focusing specifically on such issues as: Why and how the financial crisis happened and what its consequences are for the economies of the Middle East; defining the emerging global regulatory framework and the new financial architecture; the long term development strategy for the UAE / Dubai in the post crisis global economy; and the oil market and the global financial crisis.

Ali Tawfik Al Sadik is the senior economist and project manager at Dubai Economic Council. He received his PhD in Economics at North Carolina State University in 1975. He held several positions after graduation: visiting assistant professor of economics at NCSU, chief economist at the Organization of Arab Producing and Exporting Count...
Title:The Global Economic Crisis and Consequences for Development Strategy in DubaiFormat:HardcoverDimensions:206 pagesPublished:May 31, 2012Publisher:Palgrave Macmillan USLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230391028

ISBN - 13:9780230391024

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Table of Contents

1  IntroductionAli Tawfik Al Sadik and Ibrahim Elbadawi2  Strengthening the Financial Architecture: The Unanswered QuestionsBarry Eichengreen3  The Oil Market and the Financial CrisisRobert Emile Mabro4  The Global Crisis: Old and New Lessons for Macroeconomic PolicyAli Tawfik Al Sadik and Luis Servén 5  Financial Crises and Real Estate Bubbles: Dynamics and Policy Responses in DubaiBertrand Renaud6  Sources of Economic Growth and Development Strategy in DubaiIbrahim A. Elbadawi and Raimundo Soto7  A Long-Term Strategy for Dubai Building on Innovation and ClustersÖrjan SÖlvell

Editorial Reviews

"This book is a panoramic in its scope and a guide to the one of the most opened economies in the Arab region, i.e. Dubai's economy. The repercussions of economic globalization and financial crisis on macroeconomic management, economic policies, oil market, financial system, and real estate are well analyzed and written. I recommend the book for those who have heard about Dubai's experience and want to know more in depth." - Ahmed Al Kawaz, professor of Economics, Arab Planning Institute-Kuwait'This volume comprises frontier research on the lessons and policy implications of the global crisis for the world at large and Dubai's development strategy and policies in particular. The book's original and policy-relevant contributions by world-known researchers add value to the understanding of the roots of the crisis and the required changes in macroeconomic, financial, and macro-prudential policies worldwide. The lessons drawn for GCC economies and for Dubai are based on deep knowledge about the latter economies and their exposure to the recent crisis. This timely volume should be read by international economists and Middle East policy makers alike.' - Klaus Schmidt-Hebbel, former chief economist of the OECD and professor of Economics at the Catholic University of Chile