United Arab Emirates in the International Market Thesis

United Arab Emirates in the International Market - Thesis Example The United Arab Emirates is situated in the sandy region of the Middle East. It is strategically situated in the Middle East region and very ideal for business between the Far East and Europe and other parts of the world like Soviet Union and Africa. It has been observed that in the recent past, there has been increasing trade in the UAE. This has been fuelled by adoption of free economy policy based on the market system and liberal economy rules which places the private sector in a position to be a major player in entrepreneurship.It is one of the most developed regions in the Middle East and actually a hub of the growing trade environment in the Arabian Gulf.Less government interference in trade has fuelled the growth of the economy due to the contribution made by the private sector. At the same time the government has played its role in ensuring that there is free movement of capital, goods and services which has enabled the private sector to play a major role in the business sect or. (Business Times, 2006) The sudden growth of the UAE has stunned many people in the world. In the last 40 years, the UAE has moved from underdeveloped world to become one of the most developed countries in the Middle East region. The country has been able to attract international investors driven to the region by prospects of oil and gas coupled with the enabling trade environment.... This research paper looks into details the prospects of the UAE in coping with the post oil period. It looks into details the current position of the UAE in the global market and what will happen to the country in the future if in deed the oil reserves will have gone. Research questions In order to understand the current and the future position of the UAE in the global market, this research proposal will look in collecting data in order to answer the following questions. a. Will UAE continue with its economic success story in the future b. If the UAE will continue with its current economic success, will it be relying on oil or doe it mean that it will have to reinvent itself in terms of economical, industry and social structures c. What is the strategic position of the UAE for now and in the future Research objectives The main objectives of this research paper include the following: a. Understand the success story of the UAE and what has fuelled the economic growth. b. Understand the market position of the UAE in the global market through a SWOT analyses. c. Understand the future position of the UAE in the global market. Literature review A SWOT analysis is a useful business tool that helps us to understand the position of an organization in the market. This is achieved through looking in deep details various factors that make up the business and how interact in the market. It looks into the strengths of the business, the weakness of the business, the opportunities and threats that the business is facing. The following is a SWOT analysis of the UAE. The united Arab Emirates commonly known as the Al Emarat Al Arabiyal Al