The Economic Case Study of the United Arab Emirates, Saudi Arabia and Qatar

The UAE, Qatar and Saudi Arabia have all doubled down on this idea. But will this work? The inconvenient truth is… probably not. All of this lavish spending is just going to burn through their oil wealth even faster. This raises questions about alternative motives which center around unelected leaders building castles in the sand so that they can stoke their own egos. These projects are still a fantastic economics case study to explore because we need to understand everything from the curse of oil wealth,. to taxation, to currency exchange dynamics as well as the effectiveness of national project spending. Understanding these economic decisions will also help us to understand the economies of other countries making headlines for similar issues.