Dubai’s Illusive Dream and Impact on North Africa: Seeing through the Arabian Mirage
The Dubai Towers
Ancient Chinese philosopher Laozi once said “a country is never as poor as when it seems filled with riches,” and that may be very true for Dubai.
That country has been the center of attention of all that is capitalism. An island of wealth, at least in the surface, led by a regime always praised in the West for its modernist stances, forward looking views, and an expertise in managing an economy into the 21st century that is unparalleled in the Arab world. So much so that the name Dubai has become synonymous of luxury and wealth, and a case study that many governments elsewhere are trying to mimic. Libya for example has been looking for ways to turn its country into the Dubai of the Mediterranean. Other capitals in the region, including Tunis, are planning to build so-called “off-shore” financial centers to follow the footsteps of Dubai. Continue here.
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