Emiratization is the prevailing topic currently in UAE business forums and even in daily life of Emiratis. The United Arab Emirates symbolizes an example of how rapid economic expansion is affecting the natives along with the economic structure and evidently fiscal policies. These changes manifest themselves greatly in the dramatic increase in expats coming to the UAE to work in its lucrative market. Instead, the rapid growth of expatriates in the UAE has ended up reducing Emiratis to an ethnic minority group in their own homeland – a Middle Eastern version of the Indian Indians, as some might argue. Subsequently, this led to a radical approach to solve this growing problem through a localization policy to empower Emiratis in the emerging combative market and particularly in the expatriate-dominated private sector. This essay will reveal the origins of the current economic situation of the UAE and attempt to demonstrate that the Emiratisation policy is becoming exclusively a quota system and not an effective solution. In 1968, Britain announced that it would withdraw from the region. The seven emirates then had a total population of 180,000, spread across 90,6,000 square kilometers of desert and mountains (Fairservice, 2001). Historically, the seven emirates were autonomous sheikhdoms until they were united as the United Arab Emirates in 1971 (Gallant, 2008). The United Arab Emirates is one of the dynamic business centers in the Persian Gulf. However, economic development since the discovery of oil in 1966 has been remarkable. Before the oil boom, the UAE's population survived on fishing, pearl diving and limited trade. The growth brought by this transformation enabled rapid progress, which aided a large non-oil economy. Industrialization and tourism are gr...... middle of paper ......ngThis article is about the Emiratization policy of the United Arab Emirates and in reality it is a mere quota system or the effective solution for the growth rate of unemployment. I will present some of the arguments of the article and discuss them further in the essay. Terterov, M. (2006). Doing business with the United Arab Emirates. GMB Publishing Ltd.This book is an official guide for businessmen on how to do business in the United Arab Emirates. I will use this book to present official opinions on localization policy. Wright, S. M., & Anoushiravan, E. (2008). Reform in the oil monarchies of the Middle East. Ithaca Press.This book addresses many important questions: Should the West seek to encourage national indigenous evolution rather than work to impose Western systems? I will represent this book's view on the policy of Emiratisation and its impact on the economic growth of the UAE.
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