can u explain in full details
2007-02-17 05:31:17 · 1 answers · asked by Rocklander 3 in Social Science ➔ Economics
The UAE is a federation with corporate monopolies controlling many sectors of its infrastructure and civil services.
The simple answer you're looking for is it's a capitalist country meaning it gives private investors the opportunity to manage industrial and commercial growth and development for the sake of seeking a profit.
A more comprehensive answer is that the UAE has the 4th highest GDP per capita worldwide and allows many countries' citizens to enter and leave the country freely without a convoluted amount of paperwork. What this means is that the country carries a market liberal philosophy while maintaining an extremely low level of corruption in all branches of government.
2007-02-19 10:23:01 · answer #1 · answered by Mikey C 5 · 0⤊ 0⤋