Tourism/Telecommunication. Discuss the impact of tourism industry on the UAE economy. Discuss tourism in Dubai? Which nationalities perform tourism in the UAE? Has it benefited from Government spending on the infrastructure? Discuss the telecommunication industry of the UAE. Is it very competitive? How does it support other industries in the UAE?
Every individual has two topics, for this part out of the two topics, choose one and perform the analysis should stress on important macroeconomic indicators and hence address the following questions of how the items above, in the context of the development of the UAE economy affects the Macro Economic indicators of GDP, Growth, Unemployment, Monetary and Fiscal policy, and the trade/balance of payment of the UAE.
Based on what you have done in part a, and your understanding Macro Economics, analyze and assess the following:
1.GDP: How much does your topic contribute to the GDP? Does topic affect the aggregate Supply parameters of Technology, Labor, Physical Capital, Human Capital, and Natural Resource? Does your topic impact on investment which is the driver for growth in any nation?
2.Unemployment: How much does your topic impact on employment in the UAE for all UAE residents and nationals in specific?
3.Monetary Policy: Does your topic impact on the money supply, does the UAE monetary policy impact on your topic
4.Fiscal Policy: Does the UAE fiscal policy affect your topic
5.Trade: Does your topic influence the overall trade balance of the UAE
Please answer the questions by typing the question and the answer below it.
It is highly important to answer the questions properly.