City of gold
Subtitle: Dubai and the dream of capitalism
By: Jim Krane.
Publisher: St. Martin's Press
Published: 2009
Place of publication: New York, NY
Language: eng
Number of pages: 356
ISBN-13: 9780312535742
Subjects: Capitalism -- United Arab Emirates -- Dubayy; Dubayy (United Arab Emirates : Emirate) -- History; Dubayy (United Arab Emirates : Emirate) -- Economic conditions -- 21st century
Description: From the Publisher: The city of Dubai, one of the seven United Arab Emirates, is everything the Arab world isn't: a freewheeling capitalist oasis where the market rules and history is swept aside. Until the credit crunch knocked it flat, Dubai was the fastest-growing city in the world, with a roaring economy that outpaced China's while luring more tourists than all of India. It's one of the world's safest places, a stone's throw from its most dangerous. In City of Gold, Jim Krane, who reported for the AP from Dubai, brings us a boots-on-the-ground look at this fascinating place by walking its streets, talking to its business titans, its prostitutes, and the hard-bitten men who built its fanciful skyline. He delves into the city's history, paints an intimate portrait of the ruling Maktoum family, and ponders where the city is headed. Dubai literally came out of nowhere. It was a poor and dusty village in the 1960s.^

Now it's been transformed into the quintessential metropolis of the future through the vision of clever sheikhs, Western capitalists, and a river of investor money that poured in from around the globe. What has emerged is a tolerant and cosmopolitan city awash in architectural landmarks, luxury resorts, and Disneyfied kitsch. It's at once home to America's most prestigious companies and universities and a magnet for the Middle East's intelligentsia. Dubai's dream of capitalism has also created a deeply stratified city that is one of the world's worst polluters. Wild growth has clogged its streets and left its citizens a tiny minority in a sea of foreigners. Jim Krane considers all of this and casts a critical eye on the toll that the global economic downturn has taken on a place that many tout as a blueprint for a more stable Middle East.^

While many think Dubai's glory days have passed, insiders like Jim Krane who got to know the city and its creators firsthand realize there's much more to come in the City of Gold, a place that, in just a few years, has made itself known to nearly every person on earth.
Notes: Dubai is everything the Arab world isn't - a freewheeling capitalist oasis in the desert - and in this new book, Jim Krane brings us a boots-on-the ground look at this fascinating city, straight from the heart of Dubai itself. Dubai, just a dusty village in the 1960s, has been transformed into the quintessential metropolis of the future through the vision of clever sheiks, British entrepreneurs, American capitalists who longed for a free market Mecca, and a river of investor money that poured in from around the globe. What these people created is a tolerant and cosmopolitan city with luxurious resorts, architectural landmarks, and outposts of America's most prestigious companies and universities. It's at once a magnet for the Middle East's intelligentsia as well as one of the most eco-unfriendly places on the planet. In this compelling new book, Jim Krane charts the history of Dubai from its earliest days, considers the influence of the Maktoum family which has ruled since the early nineteenth century, and looks at the effect of the global economic downturn on a place that many doubt  as a blueprint for a more stable Middle East.

Includes bibliographical references and index.