Dubai: A Thriving Hub in the Multipolar Age

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 32 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 92%

Climate Change News

Dubai,United Arab Emirates,Climate Change

Dubai is set to host the UN's annual climate pow-wow, showcasing the United Arab Emirates' ability to bring together countries and industries with different interests. Despite being a small country, it holds a significant amount of the world's oil reserves, allowing it to have a strong influence. Dubai is known for straddling political and economic divisions, being an open economy with a closed autocracy. It is a key ally of the US but has China as its biggest trading partner. With its high GDP per person, it is often seen as part of the global south and serves as a hub for Indian and African businesses.

Over the next few weeks Dubai will be abuzz. Tens of thousands of diplomats, activists and business folk are due to fly in to join the un’s annual climate pow-wow. The United Arab Emirates’ skill at wrangling countries and industries with vastly disparate interests, in the hope of making further progress on tackling climate change, will be on full display. But that is not the only reason to pay attention to the uae. It also shows how to thrive in the multipolar age.

The country is home to just over 0.1% of the world’s people and produces only 0.5% of its gdp, but it contains nearly 10% of the world’s oil reserves, and this wealth helps it punch above its weight. Like many emerging countries today, it straddles political and economic divisions. It is a closed autocracy, yet one of the world’s most open economies. It is a close ally of America, but its biggest trading partner is China. Although its gdp per person exceeds that of Britain or France, it is often seen as part of the global south and is a hub for Indian and African businesses, making it the Singapore of the Middle Eas

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines