Dubai

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Dubai, an emirate in the United Arab Emirates, has lots of money and so has tried to bootstrap itself from mediaeval theocracy to respected first-world-quality world citizen. This has been less than convincing in many cases.[1]

Dubai has the highest per-capital income in the world, if you don't count all the poor people shipped in to do the actual work, and is currently home to the tallest building in the world.[2]

Dubai is now the new Iceland.[3] When will states finally learn to stop acting like hedge funds (or in Dubai's case, more aptly like private equity)?

[edit] Footnotes


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