Browsing by Subject "Dubai"
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Item Dubai, debt, and dependency : the political and economic implications of the bailout of Dubai(2011-05) Frasca, Alexandra Marguerite; Henry, Clement M., 1937-; Leeds, SandyThe goal of this thesis is to identify the main political and economic implications of Dubai’s debt crisis and subsequent bailout by her wealthier and more powerful sister emirate Abu Dhabi. This paper examines the implications of the bailout of Dubai on two levels: Dubai’s relationship with Abu Dhabi and Dubai’s relationship with the international investment community. The paper first provides a brief background on Dubai, one of the seven emirates that make up the United Arab Emirates (UAE), and discusses Dubai’s key characteristics that helped give Dubai her nickname Dubai Inc. – an opportune location, the Al-Maktoum ruling family, and state-led entrepreneurship. It then discusses Dubai’s historically competitive relationship with Abu Dhabi and Dubai’s push to diversify economically away from oil. The paper outlines two key economic developments – the rise of Dubai’s real estate and tourism sectors and the creation of Dubai’s government-related enterprises (GREs), which helped finance the real estate bubble. This thesis suggests that Abu Dhabi now holds unquestionable power over Dubai and can control Dubai’s GREs and their subsidiaries such as Dubai World. This paper also argues that the international investment community will demand increased transparency and higher standards of corporate governance of Dubai’s businesses in light of the entrenched poor practices that the bailout exposed within the tiny-city state's GREs and companies.Item From trucial states to nation state : decolonization and the formation of the United Arab Emirates, 1952-1971(2011-08) Barnwell, Kristi Nichole; Louis, William Roger, 1936-; Hopkins, Antony G.; Henry, Clement; Marcus, Abraham; Aghaie, Kamran S.Harold Wilson, the British Prime Minister, announced in January 1968 that the British government would withdraw from the Persian Gulf by the end of 1971. For Britain, the decision indicated a re-prioritization of British global defense obligations. For the rulers of the Arab emirates of the Persian Gulf, Wilson‘s announcement signaled an end of British military protection, and the beginning of a process of negotiations that culminated in the establishment of the United Arab Emirates on December 3, 1971. An examination of the process by which the individual Persian Gulf states became a sovereign federation presents an opportunity to examine the roles of nationalism and anti-imperialism played in the establishment of the Union. This work demonstrates that Arab rulers in the Persian Gulf strove to establish their new state with close ties to Great Britain, which provided technical, military, and administrative assistance to the emirates, while also publicly embracing the popular ideologies of anti-imperialism and Arab socialism, which dominated the political discourse in the Arab world through most of the twentieth century. viii This dissertation draws on primary source materials from British and American government archives, speeches and government publications from the Arab Emirates, memoirs and a wide variety of secondary sources. These materials provide the basis for understanding the state-building process of the United Arab Emirates in the areas of pre-withdrawal development, the decision to withdraw, the problems of establishing a federal constitution, and the problems posed by the need for security in the post-withdrawal Persian Gulf.