the whole Dubai economy has seen rapid growth with their amazing building projects get world-wide attention.
but from the pictures of Dubai construction workers, their working condition is bad. Dubai is a guest worker society. The immigration bring all kinds of issue that affect the country.
[1]Davis, Mike. "Fear and Money in Dubai." New left review (2006): 47-70.
In Mike Davis’" Fear and money in Dubai" Dubai presents itself as a scene with a 24-square-mile archipelago of coral-colored islands in the sharp of an almost-finished puzzle of the world. The palms shaped islands are connected by causeways to a Miami - like mega-hotels, skyscrapers and yachting marinas. The earth’s tallest building - Burj Dubai and the underwater luxury hotel. But it is not all about an strategy of economic development, it is money and fame in a backward society, appear more perfected than in an advanced society like New York, London, and Paris, but unlike these three countries, Dubai is not a economically free country with a free market. The wealth in Dubai is not based on abilities skills of the local people, but wealth in Dubai is the simple result of the people there being lucky to be the upstarts live high.
[2]Chand, Sheetal K., and Martin Paldam. "The Economics of Immigration into a Nordic Welfare State - And a Comparison to an Immigration State and a Guest Worker State." Univ. of Aarhus Economics (2004).
This paper is comparing the case in Dubai and United State, immigration is only an advantage for the immigrant while it is a disadvantage for the natives. This poses an additional threat to the continuation of this type of welfare state. United State is an immigrant society, and a tax-based welfare state with institutions of the Nordic type. Dubai is a guest worker society. The immigration issue is mainly affect the country, which is divided between those who want to expel immigrants and those who want to exploit them. The society is about a uncomfortable economics of immigration, a large number of nonvoting work force.
[3]Krugman, Paul. "The Road to Dubai." New York Times 31 Mar. 2006.
This article gives a important point about the division between legal and illegal immigration, especially it's between high-skilled and low-skilled immigrants. And Dubai is a country where a large part of the labor force consists of illegal immigrants and foreigners with temporary visas, both of the groupa do not have the right to vote. The democratic ideals is about government by the people, but the political system in Dubai is most workers' interests are ignored. It lead to a weak social safety and the government spend too little on people's health care and education. It's a dangerous for Dubai to creat a nonvoting working class.
Pacione, Michael. "City profile: Dubai." Department of Geography, University of Strathclyde 22 (2005).
Ø [4]The urban economy
Dubai has progressed from pre-industrial to industrial status. The "open door" economic policy make the investment capital inward flows rapidly. Dubai has attracted a steady amount of immigrants that has had significant impact on the culture and social of the country. Since early 90's, Dubai has been engaged in economic expansion by the oil production. "Having peaked at 410,000 barrels per day in 1991", but now "it is in decline and for less than 10% of GDP." Dubai changed their economic strategic, in order to reach a "developed economy" by up grade investment and attract established firms in high value industries.
Ø [5]The urban development
This article is based on a study of Dubai's urban development. Dubai use to be the smallest of the settlement areas with 200 houses and 50 shops, and dominated by Persian and Indian merchants back to 50's. It was provide a road system, divide the areas for different land uses, and creat new town centre at early 70's. Since 1980– present, it is a period of rapid urban expansion for Dubai, guiding the economic development of the city into the twenty-first century by man made additional land in order to meet current and future needs for residential, industrial and commercial uses. Encouraging expatriates to re-invest capital and profits in local enterprises.
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Oct/22/2008
Career Report
Economics is the study of a wide range of issues involving financial subjects. Such as inflation, recession, taxation decisions, regulatory forecasting, human activity and managerial decision-making. It is basically about how scarce resources are reallocated in order to satisfy all people. Economists and economy students study various processes and techniques of the collection, analysis and interpretation of economic data, as well as methods of presentation for our conclusions. Economics majors are required to become familiar with sources of information about the economy, and to analyze data using theoretical models. The economy consist of all activities involved in goods and services. (Nelson, Charles R.)
Career choices in the field of economics can include government consulting, government positions within government agencies, economics departments within corporations, departments of treasury, financial institutions, consulting firms, banks related positions and a wide variety of businesses and institution. As a student of economics becoming well acquainted with the economic aspects of modern society is builds the basis of knowledge. Further examination leads to the study of techniques for the analysis of contemporary economic problems and development of the ability to exercise these techniques.
For example, qualified candidates in a research and policy analysis group for a bank need to engage in policy relevant issues in economies. They must then present their findings during conferences and workshops. Usually the positions require a minimum of a bachelor’s degree in economics, finance, global fairs, banking or other economics related subjects. Skills in empirical research methods in economics and finance are key. There are also a variety of opportunities to work overseas for companies who are government entities or private international companies, world bank, international monetary fund (IMF) or other international working environments. Although these opportunities exist, having some working knowledge of another major language is critical when dealing with non-technical audiences.
The career opportunities for the economics field are varied and challenging. Many people go to local and international commercial banks and governmental agencies. Most of these jobs require knowledge of finance, analytical and interpersonal communication skills. Graduates have also found career opportunities in joint stock companies in other countries.
In my opinion, it is very important to develop a strategy, by either starting your own company or by making it into a government department, because people in the economics field look at the market and all kinds of competitors. It is also a good idea for seniors or recent graduates to participate in an internship and outside classroom knowledge in business world.
For example, throughout the last semester I was mainly working on two projects. One was analyzing and forecasting this year's American economy in a whole and the economics challenge in developing countries. We started as a group, gathering the all the available economic information in the general public and guessing about rational expectations with surveys. Then gave solutions regarding to fiscal and monetary policy, we were more focused on the inflation rate changes, housing loans, and global energy challenges that kind of hot topics and current issues. We were analyzed the recession, the weak dollar values and further raise inflation.
During the second project I was working on research involving global manufacturing and China's challenges from world trade openness. The study was focused on the economic rise of China in current international manufacturing. However, China's economy is so large and complex that the new ideas created many challenges within traditional Chinese society.
This semester I am continuing my analysis of opportunities and challenges in various countries' economies. In hope that new ideas come about I’m reading a book called " Freakonomics" It’s a great book focused on applying economic theory to diverse subjects that don’t usually get covered in traditional economy.
Reference
Nelson, Charles R. Macroeconomics: an introduction. 2007.
"Department of Economics Job Postings."2005. Stanford Job Postings. econ.stanford.edu/students/job_postings.html>.
"The Department of Accountig, Finance & Economics, an Overview." 2007. .
http://www.chinalawblog.com/2008/06/kung_fu_panda_and_a_new_theory.html
U.S. college tests attract China's talented high school graduates
http://english.peopledaily.com.cn/200608/19/eng20060819_294664.html
An Awkward Transition for Chinese Ballet
http://www.chinatoday.com.cn/English/e2002/e20027/ballet.htmThere is a wide range of issues involving financial subjects. Such as government, inflation, tax, decision-making.
this is a few topics come to my mind related to my field,
The insurance industry in China
Estate Market
Dental marketing China
Chinese Rich-Poor Wealth Gap
