Assignment1 economics Essay Example | Topics and Well Written Essays - 750 words

Assignment1 economics - Essay Exampleliving for many in the Asian countries. However, the rapid growth in the economy of these countries have left the Middle East strained of skilled and unenlightened labor.The Middle Easts booming reflection industry currently faces two main threats, the supply chain focussing of materials for construction, the supply of work force and the issues associated with them. Let us look at the questions below1. What has the goernment do to improve the situationThe rise in the prices of oil affects the price of materials imported into the country for construction. The UAE government has undercut down on import duty and is planning to launch its own materials supply company. More over the UAE is also launching its Nuclear dexterity program implementation placementum according to the recommendations of the IAEA and the implemented organization will be called as the Emirates nuclear energy corporation. This is done mainly to meet the growing energy dem and and facilitate construction companies.Company strategy& decision 4Sources say that the UAE lifted cement and steel duties in March to reduce the burden on contractors and stabilize the steel market. The Dubai gold and commodities convert launched its first steel rebar futures contract in October 2007 (Said Summer, Reuters 2008). The government has also paid attention to the rising detest among laborers for gulf as a job destination the reason for the dislike being the low wages, ugly working conditions, and lack of job security. Update The UAE government has announced a review of workers wages in the construction sector, following a series of strikes recently. The Cabinet has ordered a study on the salaries of construction workers. (Emirates Update... Said Summer (July 9, 2008) , UAE steel prices soar 15% in July Construction and Industry news, Arabian Business.com , Retrieved on August 9, 2008 http//www.arabianbusiness.com/524340-uae-steel-prices-soar-15-in-julyln=en