Advantages And Disadvantages Of Globalization In The UAE

Babette Bensoussan said "Buying a house anywhere in the world is now easy with Skype, a digital camera and the Internet. Just think - you can now view and buy an apartment in Hong Kong from Chicago, all through the Internet," Dubai has a network of seven industrial areas, one business park and three highly successful, specialized free zones of international distinction, two world class seaports, a major international airport and cargo village, a modern highway network, state-of-the-art telecommunications and reliable power and utilities all of which deliver efficiency, flexibility, reliability, reasonable cost and size. Dubai is served by over 120 shipping lines and linked via 85 airlines to over 130 global destinations. Look at changes in both products and infrastructure, such as new technology in business that could make an operating plant more efficient, Lyke-Ho-Gland suggests. To conduct business in UAE expats have to make formal legal presence within UAE by some ways like incorporating a local entity, by establishing representative branch of foreign company, being part of free zone entity or by entering information in commercial agencies.

INTRODUCTION Globalization has an impact on everyone. From the food people eat and what they wear, those products came from all around the world and is a product of globalization. That globalization is the international integration of ideas, products, and culture. But these products, ideas, and culture could come to a loss though these things are all very beneficial. Although there are times when globalization has costs in terms of deadly viruses is true, but the benefits do outweigh the costs when new ideas are introduced.

The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A. 1999).

4.0 Implementation 4.1 Broader perspective Globalization is affected by various factors that drive towards its existence and formation in the society and a set of these macroeconomic factors. As per this analysis we can get an overview of the current economy of the country that helps the researcher to make relevant suggestions and recommendations that can benefit the economy as well as society to make them believe and trust that the globalization enhances their behaviour and life style. PEST Analysis: Source: Visual.ly website PEST Analysis of Saudi Arabia Political environment Giddens and Griffiths (2006, p. 59) states that mainly there are three reasons why politics has become one of the main drivers of globalization.

Nowadays, in the light of the development in technology, especially in transportation and media, trade and communication has increased rapidly among countries. This trend is called globalization. Generally speaking, globalization has its own advantages and disadvantages. The development in international trade and communication has created employment and opportunities for millions of people, but it has also made poor countries poorer. In my opinion, globalization has both positive and negative aspects.

Thanks to economic growth, the country does not have such a awful money

In chapter five of the Cocktail Party Economics, it explained about the comparative advantage in several different points. At first, it talked about specialization; then it talked about getting technical, bumper sticker protectionism, dynamic change, and national sacrifice. From a recent study conducted by the Dubai Chamber of Commerce and Industry in the run-up to the Global Business Forum on Latin America taking place on November 9-10 in Dubai, Dubai 's non-oil trade with Latin America reached Dh17billion value in 2015. The sum shows growth by 26 percent when compared with the Dh13.5 billion deal in 2010, and it goes on to a continued increase in business until 2018. The reason for the positive growth every year is because of the comparative advantage, for instance, Dubai

Case Study – Globalization: The Example of Dubai 1. Describe the geographical location of Dubai. Dubai is part of the United Arab Emirates (UAE). The city has existed for almost 1000 years, but modern history as part of the UAE is shorter.

Globalization is a process of linking the world through many aspects, from the economic to the culture, the political. in different nations. This process uses to describe the changes in society and in the world economy, by creating a linkage and increasing exchange between individuals, organizations or nations in cultural perspective, economics on global scale (Globalization 101, n.d.). A process of creating many opportunities but also causes many challenges for all the nations in the world, particularly for developing countries.

But some scholars also claim that “Globalization” is a new trend which technically emerged only in modern times or during the 20th century. However, the fact is that “Globalization” took place as a process of mobilization of human capital, travel, cultural exchange, free trade and modernization. Over the years the trend of globalization has seen some basic changes, which is the topic of this essay. This essay is about the difference between the trend of globalization in 20th century and 21st century. The trend of globalization in 20th century and 21st century differs in the following way:

Economic globalization refers to the free movement of goods, capital, services, technology and information around the world. Since the 1990s, due to the improvement of advanced communication technologies and the rapid expansion of multinational corporations, economic globalization has become an important trend of the world economic development. This trend not only provides a broader space for international markets for all countries, but also aggravates the competition among countries for market and resources. Economic globalization is an inevitable result of the development that no country can evade. In this paper, we will discuss that economic globalization is beneficial or not to developing countries.

This chapter discusses the review of relevant literature. As part of this research, which includes articles seminar paper, newspapers , textbooks , etc. The review materials are grouped under the following headings 1.

My perspective about this is each an every country has to firstly improve its relantionship with the people in the country and treat the high class and low class people the same basically give justice to both of them this way the country wouldn’t end up with poverty and dangerous crimes occurring in the country. Second of all, the country has to be well-prepared or atleast have the money and the space to use whenever needed. More over, each country has an advantage that helps it stay stable so why don’t you used it in a way that will advantage your country ? or why don’t you develop it into something more valuable so it can be traded, exported etc and that way the country’s economy will also get improved for example UAE is the major source of oil and petrol, Egypt is one of the major sources for plants and

Globalization has its advantages and disadvantages. The individuals who bolster globalization conceives that globalization could help expel destitution and joblessness. For instance, free exchanges advances monetary development, makes employments, and rises rivalries inside nations. The consummation prompts diminish in the costs. As there is a development of generation, specialists move from place to place to improve their aptitudes.

Bahrain is located at the heart of the Gulf Cooperation Council GCC market, which makes Bahrain the most suitable location to meet the increasing demand of GCC countries for manufactured goods (Cho & et al, 2013). For example: inexpensive housing much in demand: there is considerable demand for affordable housing. For example; huge pressure from abroad on the shipping and export companies in Bahrain because of Bahrain 's strategic location in land, air and sea freight.