British expert: The UAE is qualified to be a bridge linking the new global economy
Ian Goldin. From the source
A British economist confirmed that the UAE is in a good position to be a link to the new global economic center of gravity.
Speaking at the 20th Cityscape Global Summit, Ian Goldin, professor of globalization and development at Oxford University, said that "the global economic center of gravity is rapidly shifting, and the UAE is in an ideal position to be a bridge to the center," expressing his belief that "by In 2040, the global economy will look completely different."
As part of those massive transformations that the epidemic has greatly accelerated, Goldin explained that "China will be by far the largest economy in the world, accounting for about 18% of global economic activity, with the United States falling from first place to number three, which represents About 12% of economic activity.
He added, "India's economy will be larger than the US economy, occupying the second place, as it represents 15% of global economic activity, while Indonesia will be close to the United States by about 10% of global economic activity, while Europe will make up about 10%."
Goldin pointed out that the UAE enjoys a "comparative advantage" in the region, with an expected increase in travel, as well as benefiting from the encouraging results of the recovery in the real estate sector.
To enhance the position of the UAE, a global business center, Goldin referred to several initiatives launched by the state, such as the golden visa, which encourages the influx of foreigners to the country, especially since remote work is still popular.
The British economist said: "We will see a move to Dubai for professional services that can be done remotely, and this is a great opportunity for Dubai," noting that "the UAE is adept at managing globalization and has realized that it brings enormous benefits."
He added, "The progress made by the UAE over the past sixty years reflects what globalization can do."
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