<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The United Arab Emirates (UAE) has undergone a significant transformation in recent years, shifting from a traditional oil-based economy to a more diversified, knowledge-based one that incorporates cultural and creative industries. In addition to diversification, the country has also been at the forefront of technological progress, making it a leader in the Middle East in terms of innovation and entrepreneurship. This paper aims to examine the cultural economic phenomena related to this country, exploring the challenges and opportunities that it faces as it navigates the transition to an emerging economy. Nevertheless, it will draw on case studies from the region, providing insights into the impact of cultural and creative industries on the wider economy and highlighting the key lessons that can be learned from the UAE experience. Overall, this article will contribute to the academic literature on the matter of cultural economics in the Middle Eastern, Arab world, providing an incremental contribution to the field of international cultural economics and to the broader discussion of what contributes to a successful transition to the status of an emerging economy. The findings of this research are intended to inform decisions from policy makers, investors, and scholars in the fields of cultural economics and international economics, as well as to anyone interested in the future of the cultural and creative industries in the United Arab Emirates, as well as the wider Middle East region.</p>
</abstract>

The United Arab Emirates (UAE) has undergone a significant transformation in recent years, shifting from a traditional oil-based economy to a more diversified, knowledge-based one that incorporates cultural and creative industries. In addition to diversification, the country has also been at the forefront of technological progress, making it a leader in the Middle East in terms of innovation and entrepreneurship. This paper aims to examine the cultural economic phenomena related to this country, exploring the challenges and opportunities that it faces as it navigates the transition to an emerging economy. Nevertheless, it will draw on case studies from the region, providing insights into the impact of cultural and creative industries on the wider economy and highlighting the key lessons that can be learned from the UAE experience. Overall, this article will contribute to the academic literature on the matter of cultural economics in the Middle Eastern, Arab world, providing an incremental contribution to the field of international cultural economics and to the broader discussion of what contributes to a successful transition to the status of an emerging economy. The findings of this research are intended to inform decisions from policy makers, investors, and scholars in the fields of cultural economics and international economics, as well as to anyone interested in the future of the cultural and creative industries in the United Arab Emirates, as well as the wider Middle East region.

The Cultural Economics of the United Arab Emirates: When Dark Money Buys Shiny Art

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

The United Arab Emirates (UAE) has undergone a significant transformation in recent years, shifting from a traditional oil-based economy to a more diversified,...

The Cultural Economics of the United Arab Emirates: When Dark Money Buys Shiny Art

Published Online: Jul 14, 2023

Page range: 630 - 637

DOI: https://doi.org/10.2478/picbe-2023-0059

Keywords
cultural and creative industries, innovation, tourism, macroeconomics, sustainability, resilience, United Arab Emirates, Middle East

© 2023 Alexandru-Florin Preda, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Cultural Economics of the United Arab Emirates: When Dark Money Buys Shiny Art

Published Online: Jul 14, 2023

Page range: 630 - 637

DOI: https://doi.org/10.2478/picbe-2023-0059

Keywordscultural and creative industries, innovation, tourism, macroeconomics, sustainability, resilience, United Arab Emirates, Middle East

© 2023 Alexandru-Florin Preda, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
cultural and creative industries, innovation, tourism, macroeconomics, sustainability, resilience, United Arab Emirates, Middle East