Home » Investment in Middle East »

|| Freakonomics writer on the “pleasure of visiting Dubai”

Freakonomics writer, University of Chicago’s economist Steven Levitt has been in Dubai a couple of days ago. In his New York Times blog (Yes, everyone is a blogger these days!), he is writing about his visit to Dubai. For him, an interesting issue has been the issue of democracy and rule of law in such countries:

“Some recent economic work suggests that rule of law is important for economic growth, but democracy is not. Dubai is following that path: strong rule of law and protection of foreign assets, but with foreigners (who make up roughly 85 percent of the population) unable to vote. … How upset are the foreigners over the fact they can’t vote? Among the ones I talked to, at least, not the slightest bit — just as an economist would expect. All they seemed to care about was the fact that they make good wages, have a nice lifestyle, and are free from crime.”

Previous Post: Financial Times Chief Columnist: I Admire Dubai
Next Post: Five Questions with Financial Times Chief Columnist, John Gapper

More from Investment in Middle East ...

  JPM, London fund invest $20 million in Dubai e-commerce firm (September 2012)

  Souq.com merges private shopping portal Sukar.com in its operations (April 2012)

  UAE early stage investor Saffar Holding to exit its investment in Zawya (April 2012)

  How to sell your Middle Eastern media firm - 7 lessons from Flip Media acquisition (February 2012)

  Publicis Groupe acquired Dubai-based digital agency Flip Media (February 2012)

  Carlyle Group acquires 42% stake in Domino's Pizza MENA master franchise (December 2011)

  Middle East e-commerce website MarkaVIP raised $5 million (December 2011)

  Jabbar acquired remaining stake in Cobone.com from GBG to become the sole owner (July 2011)

  Naspers acquired stake in Dubai-based classified website (June 2011)

  Intel Acquires Egypt-based SySDSoft (March 2011)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2018 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter