: Why I revised my scepticism about Dubai #IndiaNEWS Economist John Maynard Keynes said, “When my information changes, I alter my conclusions.� A more familiar version of that quote is: “When the

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Why I revised my scepticism about Dubai #IndiaNEWS
Economist John Maynard Keynes said, “When my information changes, I alter my conclusions.� A more familiar version of that quote is: “When the facts change, I change my mind.� Well, the facts about Dubai have changed enough for me to reconsider my scepticism about its future.Like many of the city’s detractors, I regarded it as an autocracy composed of a mollycoddled native population, an itinerant professional stratum, and an exploited migrant working class; a relentlessly mercantile society lacking deep culture, where gold was cheap and books expensive; a place that was statistically cosmopolitan but not experientially so; a land of grandiose projects planned with scant attention to environmental costs, growing at an unsustainable pace; a towering metropolis built literally and figuratively on sand.The 2008 financial meltdown, which left Dubai needing a bailout from its oil-rich sibling Abu Dhabi, appeared to substantiate my doubts. While elements of the familiar critique remain valid, the Emirate’s confident recovery from the 2008 crisis, its adoption of a more measured pace of development in the years since, and its sure-footed handling of the Covid-19 pandemic have impelled a steady shift in my perspective, as has the rise of authoritarianism in the rest of the globe.Dubai liberalisesThe United Arab Emirates...Read more

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