Cultural Events and Savings Essay

The article Cultural Events and Differences Evidence from Immigrants to the United Arab Emirates is catches attention, because it provides by examination of main reasons of immigration and touches the living conditions and experience of being an immigrant. It is know that the potential of UAE is growing and thus the country has to be studied and its polity should be evaluated.Furthermore, the article is interesting, because it examines squeeze o foreign region ob immigrants behavioral patterns and provides examples from different countries. Actually, the article raises debates whether immigrants should adapt to foreign last or to preserve their culture. Moreover, the strength of the article is that is investigates the nature of savings.Certainly, this article contains practically of new interesting and relevant material for contemporary world, because public is interest in what is going on in Arab world. It is interesting to know, for example, that immigrants from developing co untries tend to be more uniform regarding education, age, household and occupation, though they are provided with glower income than that of Arab countries. Nevertheless, the differences in national savings havent been investigated yet.The authors of the article conjure that UAE completely depends on immigrant workers. Apparently, cultural factors have strong impact on governmental policies, partly because they tend to influence saving behavior in the long run in the countries which are considered ethnically diverse. Nevertheless, cultural factors fun rather important, though not dominant role in find out differences in household savings. The authors provide several conclusions the level of per capital income and increase income influences the ability to save interest rates and inflation rates egress to be insignificant.The article refers to Legal, Technological and Political Force as it examines the impact of cultural differences on the governmental policy within UAE. The ar ticle provides data regarding political and economic forces caused the increase of immigration.ReferencesAl-Wad, M. & Elhiraika, A. (2003, July). Cultural Events and Differences Evidence from Immigrants to the United Arab Emirates. The diary of Development Studies, 39, 5, 139-151.