The Most Competitive Economy in the Arab World Essay Example for Free

The Most Competitive Economy in the Arab foundation EssayIn the online article entitled human beings Economic Forum says UAE is Arab Worlds Most Competitive Economy, it was stated that the World Economic Forum has declared the United Arab Emirates to have the most competitive economy among the Arab countries (The Associated Press). This was from a opinion done among the 13 Arab States, the results of which were presented to the Forum at a two-day meeting attended by the Arab business leaders held in Qatar (The Associated Press).The reason for the economy of the United Arab Emirates to be considered the most competitive is its highly developed infrastructure, particularly air and seaports, according to the economist co-author of the survey in the person of Margareta Drzeniek Hanouz (The Associated Press). In addition to this, the cleverness of the government of UAE in spending and regulation and the efficiency in the labor market had also become the important contributory fac tor to its success (The Associated Press). in that respect is also a progress to be noted from the economies of other Arab countries because of its utilization of energy sources available to it (The Associated Press). Paired with this, there is government infrastructure support and sweetener that jives with the goals of the economy (The Associated Press). For once, it is very important that a countrys economy rises. It will impact on the people if planned well and will inspection and repair alleviate the status of the community.It is also important that there will be participation from the private sector towards the goals of the government and vice-versa. The government, private, and civil society partnership is therefore a key factor to the success of any aspect of nations. However, it is also important that, together with the rise and progress of the economy, the social welfare aspects of a nation are also enhanced and their needs addressed.The social welfare of the people is im portant because they are the ones who make up the nation and contributes to the economy, as well.Works CitedThe Associated Press. World Economic Forum says UAE is Arab Worlds Most Competitive Economy. April 10, 2007. The International Herald Tribune. September 15, 2007. http//www. iht. com/articles/ap/2007/04/10/business/ME-FIN-Arab-Economies. php.