UAE Achieves Top Spot As The Most Economically Stable Country
The United Arab Emirates achieves the top rank and has been named the world’s most economically stable country in the most recent rankings of US News & WorldReport. Out of 89 countries, the UAE has been stated the most economically stable nation.
Given its low manufacturing cost, tax advantages, less corruption and feasible government policies, the United Arab Emirates has surpassed other stable and popular economies of the world. It has outperformed other developed nations such as Germany, Canada, Japan, Australia, Sweden, Denmark, the Netherlands and Saudua Arabia that follow it in the stated ranking respectively.
“The UAE ranks first in the world for economic stability, according to U.S. News. This top classification is based on our sustained commitment to maintaining low manufacturing costs, creating a favorable tax environment, reducing bureaucracy, ensuring no corruption, and upholding transparency in government practices.” These were the words of Deputy Prime Minister and Minister of Interior, Lt. General Sheikh Saif Bin Zayed Al Nahyan.
Around 17000 people were surveyed for this cause. Business decision makers from worldwide, policymakers, experts and the general public evaluated 73 characteristics during the survey. This development accentuates the importance of business-friendly policies and innovative approaches that are deemed necessary for the development of a modern nation.
