Despite court rulings being subject to review by political leaders, the United Arab Emirates is considered to have a well-maintained rule of law while also being one of the least corrupt countries in the Middle East. Although, the U.A.E can do a better job in its judicial system, its economy is still very much liberal. Improvements in the freedom of labor, business, and trade outweigh the decreases in the freedom over government control.
After the discovery of oil during the mid 19th century government spending has increased in the creation of jobs and infrastructure. Today, oil accounts for about 80 percent of the countries revenue, a large amount that makes the country’s dependency on oil a problem for the future. Although, the majority of the U.A.E’s oil production come from Abu Dhabi the rest of the cities like Dubai focus on diversifying the country with commerce, transportation, and tourism. The U.A.E’s labor and business freedom help move more away from their dependence on oil and diversify the economy. The increase of ease in beginning a business in the U.A.E has certainly helped create more jobs in the country. With no minimum capital required along with flexible employment regulations contribute to more freedom in labor and business. The countries freedom of trade with low tariffs of about 3.7 percent and with free trade zones that permit 100 percent foreign ownership with no taxation also help diversify the economy in the U.A.E. Massive constructions plans account for a large labor-intensive economy but freedom in business and labor are moving the country to more skilled labor-intense economy. Although, the U.A.E doesn’t have a very good rule of law mostly do to the seven federations being monarchies the U.A.E’s economy continues to increase its freedom of trade and with ease and flexibility in both labor and business. Along with increasing