Kenneth A. Loparo & I. Ahmed Elbadawi 
The Global Economic Crisis and Consequences for Development Strategy in Dubai 

This book identifies and addresses the impacts of the global financial crisis on Dubai and the region. The issues are highlighted and analyzed by a group of distinguished scholars. Specifically, discussions are focused on the following four interrelated issues: Why and how the financial crisis happened and what are its consequences for the economies of the Middle East? Defining the emerging global regulatory framework and the new financial architecture; The long term development strategy for the UAE / Dubai in the post crisis global economy; and The oil market and the global financial crisis

Table of Content

Introduction; A.Tawfik Al Sadik & I.Elbadawi Strengthening the Financial Architecture: The Unanswered Questions; B.Eichengreen The Oil Market and the Financial Crisis; R.E.Mabro The Global Crisis: Old and New Lessons for Macroeconomic Policy; A.Tawfik Al Sadik & L.Servén Financial Crises and Real Estate Bubbles: Dynamics and Policy Responses in Dubai; B.Renaud Sources of Economic Growth and Development Strategy in Dubai; I.A.Elbadawi and R.Soto A Long-Term Strategy for Dubai Building on Innovation and Clusters; Ö.Sölvell

About the author

Ali Tawfik Al Sadik is senior economist and project manager at the Dubai Economic Council.