Dubai is a platform (Dubai’s platform strategy)
There are three things not existed in Dubai.
The first one is no tax; second is no oil and the third is no free.
First of all, there are no individual income taxes dedicated to the country, Dubai nor are there any corporate taxes paid by foreign companies. For salary workers like me, it would be like heaven because you would get paid a whole amount of your salary without a tax-cut.
Secondly, there is no oil nothing like rich countries of the Middle East Asian countries. What are you talking about? The Gulf Coast (GCC) is not that all nations have become wealthy with oil money. Abu Dhabi (currently UAE capital) in the United Arab Emirates has a lot of oil, but Dubai does not have enough oil or natural gas to make money. In other words, Dubai is an environment in which oil cannot be produced, like Oman or Yaman, poor living conditions.
Lastly, Dubai is all about money as any other worlds are. Money is everything. Most facilities are made artificially, and living expenses and labor costs are very high, so if you do not have enough money, you will not be treated properly.
Dubai is itself a huge platform.
Middle East Asia literally means the center of the world connecting Europe, Africa, and East Asia. In other words, when Europe was the center of human history, East would have been India for them, and the Far East would have been about China, Japan, and Korea. South would have become Africa for them; therefore, historically it has been a trading ground between East, West, and South. Dubai is a place that has benefited from such geographical and historical advantages.
But why does Dubai become the only place that could develop such a geographical and historical location? There are Kuwait, Saudi Arabia coast, Bahrain, and Oman and Yemen. Why Dubai? Why not others? As mentioned earlier, Dubai is a place where oil does not come out. Dubai, because no oil came out, was merely a place for trade in India and Pakistan, selling silk, cashmere, and spices to Europe. The place of this trade has evolved into a platform. It is not a dictatorship; it is a kingdom, it used to be a political system in Korea like Chosun Dynasty.
What they did most was making it difficult for many companies to do business by eliminating tariff barriers. The second is to have a variety of infrastructure and business rules to keep business-friendly environment. In other words, it attracted them well equipped with facilities of transportation/communication infrastructure, places of trade, hotels, shopping malls, education, and hospitals. Perhaps early in the year, renowned hotels, restaurants, and coffee shop franchise brands might have given incentives to attract business.
For example, in the case of traffic facilities, Dubai has created a subway (public transport) called Metro, despite the small number of inhabitants. It is also making light rail. There is little public transport in Riyadh despite more population in Saudi Arabia. And it operates a huge number of taxis. Of course, these taxi drivers are from India, Pakistan, and Bangladesh. Besides, the mall is decorated with splendid decorations, and the show is free of charge every night with spectacular lighting and fountain shows. In the meantime, people prefer Dubai to other cities one by one. In the absence of natural resources and tourism resources, artifacts are created and seduced. Only a handful of tourism resources would be free to open up, which would have had the effect of allowing tourists to stay a day longer, even at the beginning of the operating deficit.
More convenient transportation system settled, the time spending is more increased. Additionally, business partners are more in place because the ecosystem of the platform where foreign workers with cheap labor to find a job and power. From that time on, it is possible to make its own business model. Various tours, entrance to museums, performances, restaurants, liquor sales, and so on.
If you were thinking about punishing money from the beginning, you would have to pay customs fees, admission fees, and taxes. In the early days, however, the deficit would have waited for the long-term platform vision, collecting traffic from an investment perspective. You would have thought that there would be profit from the time the platform power came into existence. After all, people will be able to make money here because they will spend money while eating, sleeping, playing and watching. (Partially charged)
After witnessing the success of this Dubai platform, Doha, Qatar’s capital, is now following it. Qatar can be said to be able to eat well enough without worrying about the Nara platform business, which currently has the second largest GNP ($ 104,000) in the world with its oil and natural gas at http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita. However, in preparation for the future of oil depletion, the current government is investing heavily to become an education city, a media city, and a sports city. They are working hard to build infrastructure for generating more traffic. Bahrain, on the other hand, is rewarding efforts to recreate the glory of the pre-Dubai era.
Countries that do not have a vision of the city’s platform and who only believe in natural nature like oil (eg Saudi, Oman, Yemen) will be lagging behind. Indeed, many of Saudi ‘s codes go to Dubai every weekend to shop, entertain and consume money. It is because it is inconvenient to stay in the country variously. What it means to be lagging behind here means that one has to go to another country and earn money by doing less important things in inferior conditions. (In the GCC, it may be important for individuals to work harder than the concept of nation and state. It is presumed that the situation in Korea may be different but from my point of view,
The success of Dubai has given us a good example how our government should do make great policy. (Despite the signs of an economic crisis due to short-term cash liquidity issues, the King of Dubai is highly respected by their people among the Arab states). In Korea, the wrong policy might cause us to be a lower-class people (for example, the game four addiction laws). In other words, we might have to go to Shanghai to get money and drive a taxi, or you have to go to a hotel in Hong Kong and have young women knock on a hotel room with meals and housekeeping with Ukrainians and Pakistanis.
Korea still has to learn more modestly in humble and keep growing since Korea has lack of a lot of things besides of three things.
