Nyarko, Y. (2010). The United Arab Emirates: Some Lessons in Economic Development, Working Paper (No. 2010/11). World Institute for Development Economics Research. Republished in Achieving Development Success: Strategies and Lessons from the Developing World, edited by Augustin K. Fosu, Oxford University Press, 2013.
Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has ben able to transform itself into a rapidly modernizing country, which is fast becoming a major economic hub and a key player on the international economic landscape.