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abu dhabi: oil and beyond
[Paperback - 2011]
christopher m. davidson
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Publisher: Hurst & Company | ISBN: 9781849041539 | Pages: 288
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Description

Abu Dhabi is a new economic superpower that will soon wield enormous influence across both developing and developed worlds. The principal emirate of the United Arab Emirates federation commands over 8 percent of global oil reserves, has nearly $1 trillion in sovereign wealth funds to invest and is busily implementing a thoughtful economic master plan. It has also pumped huge amounts of money into culture, sport and infrastructural development in an attempt to eclipse even its ubiquitous UAE partner-Dubai-as an international household name. Abu Dhabi will host the Formula One Championship decider in 2009, is opening the world s first Ferrari theme park, has a rapidly expanding airline and is setting up satellite branches of the Guggenheim and Louvre museums. Gulf expert Christopher Davidson s book charts the emirate s remarkable trajectory from its origins as an eighteenth-century sheikdom to its present position on the cusp of preeminence. Abu Dhabi s impressive socio-economic development, he offers a frank portrayal of a dynasty s dramatic survival, demonstrating the newfound resilience of a traditional monarchy in the twenty-first century and its efforts to create a system of tribal capitalism that incorporates old political allegiances into modern engines of growth. Finally, he turns his attention to a number of problems that may surface to impede economic development and undermine political stability. These include an enfeebled civil society and invasive media censorship, a seemingly unsolvable labor nationalization paradox, an under performing education sector, and increasing federal unrest.

About the Author

Christopher M. Davidson is a fellow of the Institute for Middle Eastern Studies at Durham University and a former assistant professor of politicsat Sheikh Zayed University in Abu Dhabi and Dubai. He is the author of Dubai: The Vulnerability of Success.

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After The Sheikhs: The Coming Collapse Of The Gulf Monarchies
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