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In: Economics

Why do Saudi Arabia and the United Arab Emirates rank higher on the economic than on...

Why do Saudi Arabia and the United Arab Emirates rank higher on the economic than on the human welfare dimension?

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Expert Solution

Dear Student,

Please find below the reason behind Saudi Arabia and the United Arab Emirates rank higher on the economic than on the human welfare dimension

They focused on below Economic Indicators rather than the Human Welfare

To achive this above goals below strategies adopted by these countries

1) Partnership with developed countries

2) Market mechanisms for environmental regulation

3) Resource conservation • Renewable resources

4) Loans to women and very poor (microcredit)

5) Women’s and children’s rights • Appropriate technology

Due to this strategies they lack behind in following human welfare needs

1)  Physical needs

2) Social needs

3) Health needs

4) Political needs

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