Curious tale of econ development in Abu Dhabi

Acemoglu/Robinson in their recent post:

Nestling at the Southern end of the Persian Gulf is the modern nation of the United Arab Emirates (UAE). The UAE was formed in 1971 from the amalgamation of seven different independent sheikdoms which had previously been part of a British protectorate called the Trucial States. The largest of these seven are Abu Dhabi and Dubai. Today the UAE is an oil fueled development success with astonishing urban development in Abu Dhabi and Dubai, the latter currently boasting the world’s tallest building. You can see signs of the remarkable transformation in the city state in the last 50 years in this picture.

But this was not always the case, even after the oil came on stream…

Read the post for more details..Fab as always

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2 Responses to “Curious tale of econ development in Abu Dhabi”

  1. Should Israelis reciprocate and bribe The Palestinian Medical Graft Cartel run Sheikh Khalifa’s Medical Centre as 7-stars morgue to tender thousands & some American & Canadian Green-Cards that Zionists Lottery worldwide for offloading Assets Says:

    […] Curious tale of econ development in Abu Dhabi […]

  2. Should Israelis reciprocate and bribe The Palestinian Medical Graft Cartel run Sheikh Khalifa’s Medical Centre as 7-stars morgue to tender thousands & some American & Canadian Green-Cards that Zionists Lottery worldwide for offloading Assets Says:

    […] Curious tale of econ development in Abu Dhabi […]

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