Understanding and application of managerial economics

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Reference no: EM132940632

Project Details

The main aim of this project is to show an in depth understanding and application of managerial economics concepts especially amid COVID-19

Article Overview

A Blessing in Disguise: UAE's Possible Scenarios for aPost-COVID-19 World

The United Arab Emirates (UAE) is further positioning to better take the advantage of globalization, including the increasingly globalized capital, labor and technology, the interconnectivity and dependence of globalization also means the country will shared in the impact of global COVID-19 pandemic. While the UAE, as with other countries, is yet to fully assess the human and economic costs of the new COVID-19 pandemic, the emerging consensus is that public health measures to contain the novel virus will have a significant impact on the global economy. To tackle the crisis, four possible scenarios are as future structure and growth pathways for UAE in post-COVID-19 pandemic. In the first scenario, the UAE attempts to tackle this economic crisis using similar tools as it did for the 2008/2009 crisis, effectively keeping the current model intact. The other three scenarios assume the impact of the pandemic will be stronger, with the global economy struggling to recover to pre-COVID-19 levels and the current UAE economic model exposes it to higher risks from shocks to oil prices, decline in global production capacity, and international migration. These scenarios, therefore, explore the possibility of changes to economic structure of the UAE.

So, based on the article overview you need to

Write down a report that how the scenario (Emiratisation of Labour through Growth of Digital Economy) can build a as future structure and economic growth pathways for UAE in post-COVID-19 pandemic time. You can highlight the discussion by covering a brief introduction, effectiveness of strategy, various initiatives taken and how this scenario will lead to have the long run economic stability of the United Arab Emirates economy.

Attachment:- managerial economics concepts.rar

Reference no: EM132940632

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