The United Arab Emirates or UAE is a well-developed and fast changing economy, based on various socioeconomic indicators such as HDI, energy consumption per capita, and GDP per capita. Its $270 billion GDP in 2008 ranked second in the CCASG, third in the Middle East and North African region, and 38th in the world. It has around $350 billion worth of construction projects; and even if it is no longer as dependent on natural resources as it was before, its economy still benefits from natural gas and petroleum.
The United Arab Emirates has an open economy with a sizeable yearly trade surplus as well as a high per capita income. Rewarding efforts at economic diversification have lessened the GPD portion based on oil and gas output to twenty-five percent. From the time that oil was discovered more than three decades ago, the United Arab Emirates has undergone an intense transformation from a small desert area to a modern state with world-class structures.
Nonetheless, the recent Great Recession has affected the economy; thus, Dubai, which was previously valued at $46 billion, sank. Fortunately, in spite of this downturn, experts, analysts, researchers, and economists have concluded that Dubai’s economy would resuscitate. In fact, it is expected to go up by four percent this year. Such improvement would be caused by the recovery of trade and logistic sectors. In December 2009, Dubai has actually received an extra $10 billion loan from the Abu Dhabi emirate. So, the economy should gradually return to normal.
According to statistics, the economic output of Dubai is estimated to have risen by 2.2 percent in 2010 after going down by 2.4 percent in 2009. Despite the economic downturn, the United Arab Emirates would still remain as the most dynamic economy in the Middle East and North Africa. It would benefit from the increase in energy prices as well as large-scale capital inflows. Investments in infrastructure, education, petrochemicals, real estate, and energy will also drive growth.
The International Monetary Fund has even foretold that the economy of the United Arab Emirates would rise by 3.2 percent this 2011 because of its outstanding oil reserves. In actual fact, crude, has doubled and is trading for more than $100 a barrel. Plus, even if Dubai is still in debt, it does not need to sell assets to get by. It can use $30 billion in loans and bonds instead. Likewise, Abu Dhabi, United Arab Emirates’ capital city and largest emirate would benefit from the development of the Khalifa Industrial Zone. Investors from different parts of the world would be granted full ownership.
The United Arab Emirates would remain a growing and improving country. Although many challenges are on its way, it would still stick to its long-term plan of focusing on diversification and providing opportunities through better education and employment in the private sector. Inflation pressures, dependence on oil, and expatriate workforce would not get to it. After all, economic diversification is a vital key to success. Moreover, investment opportunities should not be ignored; instead, they should be analyzed and thought about.
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Gettysburg, Pennsylvania - The Battleground
Friday, May 6th, 2011If you are at all interested in either Pennsylvania or American history, you will surely have heard of Gettysburg, Pennsylvania and the historic activities that took place there for the period of the American Civil War. The three day long battle that took place there in July 1863 was cruel and bloody, but was hailed as a victory for the Unionist North.
Even so, one quick look in the Union Army burial ground in the Gettysburg National Cemetery on Cemetery Hill will persuade you that the victory came at a very high cost. The cost in human life and human suffering was gigantic on both sides. Later on in the same year, Abraham Lincoln gave a discourse which was to become famous throughout the world as the Gettysburg Address.
These days, the Gettysburg National Military Park is a tranquil place, but it acts as a moving reminder of the battle that was fought, the strategies employed, the heroism of the combatants and the willingness of military leaders to sacrifice the common soldier for political ends.
If you go to the Gettysburg National Military Park, you would do well to start your trip in the visitors’ centre. There you will be able to pick up books, pamphlets and leaflets to help you orientate yourself when you are on the battlefield, even if you are familiar with how and where the genuine battle was fought.
If you think that it would be too much for you to work things out for yourself or if you do not have much time, you could join one of the frequent guided tours. If you are somewhere in between these two definitions, you could first watch a film in the Cycloarma Center, where there are also historical items recovered from the theatre of war on the many excavations that have taken place over the nearly 150 years since the battle at Gettysburg took place. If you do not look around the museum before you go on to the battlefield, you should look later.
If you are going to Gettysburg to enlighten your children about that most important era of American history, you should first check out the special interest programmes available to 7-12 year olds in the warmer summer months. One programme allows children to enlist in the army of 1863 for an hour in order to get a sense for what it was like for soldiers of the day and what it was like for the children that helped them go into battle.
Another programme consists of a story-teller telling stories of what it was like to be a youngster in the days of the Civil War and the role that kids played both in the war and in civilian life back then.
Gettysburg is a fascinating place to visit whether your family was involved in the battle there or not. Many of the combatants’ names and place names like Devil’s Den and Cemetery Hill will already be known to you and a visit to the Gettysburg National Military Park will bring them back to life for you.
Owen Jones, the author of this article writes on quite a few subjects, but is currently concerned with thinking about the Poconos International Raceway in Pennsylvania. If you would like to know more or check out some great offers, please go to our website at Poconos Vacations.
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