1.4 - Jebel Ali SEZ

Question 1

How many companies are there and how much growth do they have?

Answer 1

1225

14-18% growth

Question 2

How did the government change their attitude?

Answer 2

Embraced Gulf Corporation Council trade bloc and built Jebel Ali port, the metro
Attracted FDI

Question 3

Jebel Ali port is what?

Answer 3

First point of call for vessels travelling from SEA to Red Sea/Persian Gulf

Question 4

What is a SEZ

Answer 4

Regions where the government offers incentives to attract FDI

Question 5

Government provide what as incentives

Answer 5

Subsiding petrol/oil and transport e.g. Emirates Airlines until 2016

Question 6

Why was GCC beneficial

Answer 6

Provides cheap raw materials, cheap market, free trade to countries within the bloc

Question 7

How does cumulative causation work?

Answer 7

Companies import raw materials/export goods
TNCs set up branch factories
Employment made, so tax and disposable income
Supply chain/domestic economy grows

Question 8

Problem with economic globalisation

Answer 8

Cultural globalisation may also occur e.g. westernisation

Question 9

How is cultural globalisation countered

Answer 9

Globalisation

E.g. A&F have male models wearing t-shirts not topless - cultural value of modesty

Question 10

Dubai has what between the port an airport

Answer 10

Customs-free corridor so businesses can import/export with no charge