Economic development in the uae economics essay

UAE is currently known on the planet as one of the most developed nations in the world and boosts a successful social and economical progress. GDP of the united states is quite strong and as remained consistent for the last two decades due to fast urbanization and industrialization of the land.

Economic development in the uae economics essay

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Development assumes economic growth, and economic growth is impossible without industry, which needs energy resources. Currently, the range of goods required by common people has expanded significantly compared to the times before modern industrial technology was employed on a mass scale.

People feel the need, not only for primary essentials, such as a slice of bread and a roof over their heads, but also for various facilities and luxuries.

Providing humanity with these objects involves the exploitation of natural resources. In turn, the conventional sources of energy we use today cause pollution, so economic growth is almost inevitably associated with environmental damage.

One of the aspects of economic growth that affects the environment most of all is that in order to produce more goods and products at a faster rate, the construction of large industrial plants is required.

These enterprises generate mass amounts of pollution in the form of liquid waste and gaseous fumes.

Impact of Historical events

Liquid waste is frequently dumped in fresh water bodies, while gaseous fumes are released into the atmosphere. Liquid waste leads to the pollution of water and the damaging of aquatic ecosystems Jion Gaseous fumes pollute the atmosphere, which may cause negative, long-term health effects to nearby populations of animals or people.

They also lead to the degradation of the ozone layer, which is one of the main reasons for the acceleration of global warming. The conventional energy sources that are commonly used nowadays are considered to be the greatest polluters of the environment, and intensive rates of industrial manufacturing lead to constantly increasing energy consumption.

One might say the solution lies in the usage of non-conventional sources of energysuch as tidal, geothermal, or wind energy.

They are preferred due to their environmentally-friendly means of energy generation, but at the same time, they possess several critical drawbacks.

Uae Economic And Community Development Economics Essay

The high installation cost is one of them. Besides, they are yet less effective than conventional ones, and need the accompanying political will to initiate. Transiting from one energy source to another also requires time, during which people have to make some sacrifices to support these undertakings.

In a democratic country, making people accept this would pose a challenge Robert Simultaneously, even if implemented, non-conventional sources of energy still do not resolve the problem of inflicting damage to the environment.

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In order to produce economically viable energy—utilizing tidal and geothermal sources—a sometimes significant distortion of the natural site is often inevitable Robert This is expensive and has substantial harmful effects on the environment. Consequently, the pressure balance that is brought about by this current will be affected, and it is important to remember that the environment and weather conditions are directly affected by atmospheric pressure.

As one can see, economic growth is connected to environmental damage, and at the current level of development, humanity can hardly avoid harming nature.

This is caused by a number of factors, such as the inaccessibility and costliness of alternative sources of energy. But the most significant reason is that constant economic growth leads to the increase in the rate of industrial production.

With the expansion of industry, more conventional resources are needed, and since their usage causes severe pollution, it can be concluded that economic growth is inseparable from the damage inflicted on the environment.

Economic development in the uae economics essay

Ripping the Word Apart by Our Hands. The Claws of Industry. Rain City Press, Development assumes economic growth, and economic growth is impossible without industry, which needs energy resources.

Currently, the range of goods required by common people has expanded significantly compared to the times before modern industrial technology was employed on a mass scale.

Economics in Uae United Arab Emirates and Economics Institution United Arab Emirates and Economics Introduction The United Arab Emirates is a capitalist country which gives the private investors an opportunity to manage, and maintain commercial and .

UAE is an amalgamation of seven states or Emirates region each of which is governed by the respective emirs or rulers. UAE is now known in the world as one of the most developed nations in the world and boosts a successful social and economic growth.

The per capita income of UAE is the seventh. The Role of Small and Large Businesses in Economic Development By Kelly Edmiston I ncreasingly, economic development experts are abandoning traditional. Nov 09,  · The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.

The economy of the United Arab Emirates is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of $ billion (AED trillion) in The Emirates have been successfully diversifying its economy..

Although the UAE has the most diversified economy in the GCC, its economy remains extremely reliant on petroleum (oil).

Economy of the United Arab Emirates - Wikipedia