Does True Freedom Stem from Trade Freedom?

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Are stricter regulations and more direct involvement by government really the solution to a healthy economy? At a time when security concerns trump free market values, some people may argue it's better to sideline a struggling economy for the sake of 'homeland security.'
But a successful economy and national concerns about safety don't have to be mutually exclusive ends. In fact, overall prosperity depends on policies that account for both of these factors and treat them as means leading to a better standard of living. Dubai is a unique example of this, and the emirate has been able to do it all at a phenomenal pace and record rate of success.


Dubai's secret is its commitment to doing everything possible to maintain and surpass its economic growth, last averaged to be around 16 per cent, which is double that of China's. It isn't the success story of the millennium because the emirate's actual size (just over 4+ million people)  might make even an average growth of 4 per cent look tremendous. But it's noteworthy because Dubai's policies have actually made it possible for this tiny emirate to compete with some of the world's biggest economies (like the U.S., Britain and China) and consistently come out on top.


Free market policies and a liberal government have made it possible for this region of just over 4,000 square kilometers to attract more tourists than all of India. With one of the greatest concentrations of free zones in the world, Dubai is the commercial world's ideal place of business, and its world renowned duty-free malls make it a consumer's paradise.


What started out as merely a vision for a future without oil revenues has, in three short decades, turned into an example studied and coveted by countries around the world. The emirate's policies on zero trade barriers and quotas, competitive import duties averaging around 4 per cent, a global labour pool and no tax on personal income or corporate profit (with the exception of oil companies and foreign banks) make it a perfect fit for any kind of enterprise and any scale of investment.


Although these policies have helped shape Dubai's global market, Dubai has also changed its own demographic to reflect international trends. Take a look at the variety of companies that post job offers on Jobs In Dubai's job board. These are companies doing business within and beyond the U.A.E. With dedicated free zones like Media City, Internet City and Dubai Ports, any type of venture has a niche and an international pool of potential employees.


The Virtual Placement Index available on Jobs In Dubai shows that just as it can be the perfect market for any kind of business, Dubai is also the perfect place for all kinds of job seekers. In September alone, the Jobs In Dubai portal helped the selection of more than 1,700 candidates. The number reflects the demand for all sectors and industries. Look at the pattern over the course of the year and you'll realize that this demand is growing, reaching a peak this past summer.


But as a jobseeker, there's a more important reason to consider your place in Dubai: A prosperous economy has as much to do with sound financial standing as it has to do with the society involving it. A stark contrast to its Middle Eastern neighbours, this part of the United Arab Emirates continues to invest in its world-class commercial and civil infrastructure. From internationally recognized schools and hospitals to an unparalleled transportation network, Dubai is one of the safest places to live. Click through some of the candidates' profiles on Jobs In Dubai to see what they have to say about living and working here.


Embedded References:

http://www.dubaimediacity.com/
http://www.dubaiinternetcity.com/
http://www.dpa.co.ae/
http://www.government.ae/
http://archive.gulfnews.com/gnfocus/uae_freezones_2008/index.html

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