Discussion Essay - example. The Abu Dhabi's oil.
The wealth of the United Arab Emirates has historically come from the oil deposits in Abu Dhabi (the capital of the UAE). If Abu Dhabi runs out of oil, the UAE economy will collapse. Discuss this statement.
Scope - AUE, Abu Dhabi oil reserves, UAE economy
Points of view:
- Agree - UAE has historically been dependent on AD oil
- Refute - UAE has many industries that contribute
Traditionally, the UAE's economy has been completely reliant on oil. Within the past 15 years, however, its economy has diversified. Some believe that the UAE's economy will collapse if Abu Dhabi runs out of oil and some refute this. These points of view will be discussed in this order.
It is believed by some that if Abu Dhabi runs out of oil, the UAE economy will fall apart. An idea that supports this is the historical fact that the UAE economy has been almost completely dependent on its capital's oil reserve. It can be argued that this history will remain true in the future. Thus, it is clear why some people gravitate towards this point of view.
On the other hand, many argue that Abu Dhabi's oil reserve is not the only industry upholding the UAE economy. For example, industries such as tourism and construction have gained a very strong foothold in the Emirates' economy over the past 15 years. Thus, these industries can be expected to support the UAE economy in the absence of oil. After analyzing these facts, it is clear why many support this claim.
For reasons related to history and recent developments, the issue of economic stability in the UAE without the support of Abu Dhabi's oil is agreed with and refuted by many. However, after analyzing these two points of view, it is clear that the historical conditions in the Emirates have changed. Thus, the argument that the UAE economy would fall apart help the support Abu Dhabi's oil can not be supported and is expected to never be realized.