High oil prices are good...

Discussion in 'Economics' started by HOBO, Jul 22, 2007.

  1. HOBO


  2. Dubai's economy is actually based on foreign-direct investment. Oil is only about 15% of GDP.
  3. It's amazing what no taxes whatsoever and super cheap labor can do, eh?

  4. Less than 3% according to wikipedia. Damn, who knew.
  5. harkm


    The question is is the 'foreign-direct investment' coming from oil producing nations?