The Economies of the United Arab Emirates and Canada Comparison Essay by Nicky

The Economies of the United Arab Emirates and Canada
Compares the economies of the United Arab Emirates and Canada.
# 149002 | 1,108 words | 6 sources | MLA | 2011 | US


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Description:

This paper examines the economies of the United Arab Emirates and Canada, two very different nations, yet finds comparisons between the two. First, the paper begins with an broad description of the UAE, noting its recent development through the discovery of oil. Next, it describes the nation's standard of living and future plans to expand the economy and further develop the country's infrastructure. Then, the paper takes a look at Canada, describing it as an affluent, high-tech industrial society resembling the United States' market-oriented economic system, pattern of production and high living standards. Additionally, statistics are cited which demonstrate Canada's growth since World War II, yet also show the recent economic downturn. Finally, the paper compares the UAE and Canadian economies and the countries in general, citing literacy rates, standard of living and life expectancy as the basis for this comparison.

Outline:

The Economy of Canada
Comparison between the Economies of UAE and Canada

From the Paper:

" The UAE economy is largely dependent on its oil and natural gas and the revenue realized from their exports, particularly to fund infrastructure for non-oil industries (CIA 2009, Library of Congress 2009). It had an approximate 7% average annual growth rate for 2007-2008, drawing mainly from investments in manufacturing and energy sector to sustain the non-oil sector. The projection for the services sector, mainly tourism, was also optimistic. The strategic plan for the next few years centers on diversification and more job opportunities through better education and private sector's commitment to create these jobs. But higher oil revenue, strong liquidity, shortages in housing and cheap credits in 2005 to 2007 raised asset prices and consumer inflation sky-high. The global financial crisis, consequent tight international credit market and falling oil prices predicted slower economic growth of the UAE for the current year."

Sample of Sources Used:

  • Aneki. Country Comparisons. Aneki.com, 2009. Retrieved on June 12, 2009 from http://www.aneki.com/comparison.php?country1=United+Arab+Emirates&country_2=Canada
  • CIA. United Arab Emirates. The World Factbook: Central Intelligence Agency, May 2009. Retrieved on June 2, 2009 from http://www.cia.gov/library/publications/the-world-factbook/geos/ae.htm
  • ----. North America: Canada. http://www.cia.gov/library/publications/the-world-factbook/geos/CA.html
  • Library of Congress. United Arab Emirates. Federal Research Division: USA.gov, July 2007. Retrieved on June 2, 2009 from http://lcweb2.loc.gov/frd/cs/profiles/UAE.pdf
  • Oklahoma City Journal Record, The. Dubai Property Boosters Defy World's Economic Woes. Dolan Media Newsletter: ProQuest Information and Learning Company, 2008. Retrieved on June 5, 2009 from http://findarticles.com/p/articles/mi_qn4182/is_20091010/ai_n30901812/?tag=content;col1

Cite this Comparison Essay:

APA Format

The Economies of the United Arab Emirates and Canada (2011, November 20) Retrieved June 04, 2020, from https://www.academon.com/comparison-essay/the-economies-of-the-united-arab-emirates-and-canada-149002/

MLA Format

"The Economies of the United Arab Emirates and Canada" 20 November 2011. Web. 04 June. 2020. <https://www.academon.com/comparison-essay/the-economies-of-the-united-arab-emirates-and-canada-149002/>

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