International Economic Environment of Business Essay

International Economic Environment of Business - Essay Example This essay stresses that the United Arab Emirates has evolved through series of business strategic developments which have seen it survived many economic crises during the last four decades. The country has adopted proactive measures to make sure that the activities of the foreign investors are not hindered by any internal economic hurdles that could destroy the plan of UAE government to create an international business haven for businesspeople of different kind. This paper makes a conclusion that the United Arab Emirates is made up of seven federating states that are governed by a President and constitutional monarchies. The country has interconnected series of governing bodies that manage the affairs of both the public and the business sector. Even though the Islamic ideology is the modus operandi, the institutions of social control in United Arab Emirates have been modernized in recent times, and they are quite similar to those obtainable in Western countries. The President appoints ministers who will manage the affairs of their respective ministries. As far as international business is concerned, the following ministries provide the appropriate protection for the foreign businesses operating in UAE: ministries of Foreign Trade, Economy, Social Affairs, and so on. There are some business regulatory agencies which regulate the business environment to guarantee that standards are not compromised; there are law-enforcement agents like police, immigration and customs officials that make sure that the properties of foreign businesses are duly protected.