Embedding entrepreneurship into the UAE psyche_Summary

Summary: Embedding entrepreneurship into the UAE psyche

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It is clear that the article denotes that more than two billion people coming from low-income countries should be exposed to the world to seek employment due to lack or low employment in their countries. This is evident in the UAE whereby in the recent past, it has noted an increase of more people in their economy. However, the said world economies are also facing a challenge over this issue of unemployment.

The article also indicates that not only that the expatriates are expected to reduce the employment position for the natives the UAE and other GCC nations they are important in the wellbeing of this nations. One of the benefits is that the expatriates are known for opening small business in the country which is contributed to increased GDP and well as per-capita income for the country. However, the article states that it is high time that the government works to ensure that such population does not affect the general functioning of the country. For example, the expatriates should not think of replacing the natives in government Jobs.

The article also states that despite the fact that UAE government in gradual improving when it comes to SMEs diversification the challenge is funding the projects. The diversification of SMEs has made UAE the 20th country in the world when it comes to ability and aspirations towards entrepreneurship.

The article conclude by saying that without political stability and attention from authority’s entrepreneurial success is not possible. Hence UAE should ensure this stability for future success.