View from the world’s tallest building, Burj Khalifa in Dubai, United Arab Emirates. Credit: Ravin Vimesh
ROME, May 14 2018 (IPS) –
The end of the oil age
In the early 1970’s the United Arab Emirates (UAE) was an impoverished desert, with little access to food, water and well-paying jobs. Today, this country looks nothing like it was fifty years ago. Thanks to oil, the UAE has completely transformed and now is one of the most developed economies in the Middle East, if not the world: its per capita GDP is equal to those of highly developed European nations ($68,000 2017 est.).
Wealth in the UAE, as in other Gulf coun…