IDEAS home Printed from https://ideas.repec.org/a/alq/rufejo/rfej_2023_06_98-110.html
   My bibliography  Save this article

Structural Shift s in UAE’s Economy and Foreign Trade

Author

Listed:
  • Anna Evgen'evna GUDZENKO

    (MGIMO-University, Moscow, Russia)

  • Viktor Nikolayevich KIRILLOV

    (State University of Management, Moscow, Russia)

  • Aleksander Nikolayevich ZELENUK

    (Moscow State Institute of International Relations (University) MFA Russia, Moscow, Russia)

Abstract

The states located along the Persian Gulf were under British rule for many years. However, after gaining independence in the 1970s, some of them formed a new country - the United Arab Emirates. Soon large reserves of oil and gas were found on their territory. From that moment on, the income of many states in this region began to grow sharply, the economy began to develop, and in particular the extraction of energy resources and the financial sector. Over the course of several decades, the leaders of the emirates came to the conclusion that the oil and gas reserves might run out in the near future and it was necessary to develop non-oil sectors of the economy. Priority was given to re-export trade, digitization, and the development of raw materials processing industries, oil and gas refining. At the same time, the UAE government began to work out medium- and long-term economic growth forecasts, seeking to focus on promoting innovative industries and industrial structural changes.

Suggested Citation

  • Anna Evgen'evna GUDZENKO & Viktor Nikolayevich KIRILLOV & Aleksander Nikolayevich ZELENUK, 2023. "Structural Shift s in UAE’s Economy and Foreign Trade," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 6, pages 98-110, June.
    • Handle: RePEc:alq:rufejo:rfej_2023_06_98-110
    DOI: 10.24412/2072-8042-2023-6-98-110
    as

    Download full text from publisher

    File URL: http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2023_06_98-110.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.24412/2072-8042-2023-6-98-110?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alq:rufejo:rfej_2023_06_98-110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Chernyavskaya (email available below). General contact details of provider: https://edirc.repec.org/data/vavtmru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.