Tuesday, February 9, 2010
Understanding Dubai's political economy
Almost two months ago, author Waleed Hazbun wrote a provocative piece on this blog about the current economic climate of Dubai. At the time, the article came on the heels of the news that Dubai's state-owned real estate firm, Nakheel, was deeply in debt and seeking help to make bond payments. Now, in light of the incredible news that the much-hyped Burj Khalifa (formerly Burj Dubai) has been closed to the public just one month after its grand opening, the article's analysis of Dubai's infrastructure has fresh relevance. Read on as Hazbun lays out a list of possible alternate futures for Dubai.