2006-12-12 13:29:24 · 4 answers · asked by Anonymous in Social Science ➔ Economics
Yes, to some extent.
I think it's agreed it's having some positive effects on the economy there, especially in terms of exploring paths to non-oil revenue. But I think only time will tell about how much it really affects the region as a whole.
Another worry is that most of the business in Dubai is foreign with just rubber-stamp local ownership. This may limit the economic benefits to locals.
And talk about interesting: The World! Will the islands all sell at incredible prices? And how will they be used?
2006-12-12 14:00:41 · answer #1 · answered by Dean E 1 · 0⤊ 0⤋
Dubai is attracting some pretty bad attention regarding human rights. Their immigrant workers from India are treated like sh*t and their passports are withheld from them (which is illegal). They are severely underpaid and have their cheques witheld from them so they can't just get up and leave whenever they want to. Dubai is a city of contrast. One side, you've got rich kings with million dollar stalions, conversely, on the other poorer sides of the city, you got people building condominiums for a dollar a day and dying of heat stroke (which is clearly preventable). Dubai needs to shape up.
2006-12-12 21:28:49 · answer #2 · answered by Tulip 3 · 0⤊ 0⤋
Yes, it has and continues to. Take a look at all the new buildings, financial centers that are soon to go up in the city. It looks pretty amazing.
2006-12-12 13:35:04 · answer #3 · answered by Jon B 2 · 0⤊ 0⤋
Yes it already has.
2006-12-12 13:31:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋