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Lessons from Abu Dhabi: The Road Towards an Innovative Entrepreneurial Economy

  • Thomas Andersson
  • Piero Formica
Chapter
Part of the Contributions to Management Science book series (MANAGEMENT SC.)

Abstract

The point of departure for this article is the notion of a natural resource curse. Taking stock of the literature examining what lies behind a negative association with growth, we stress the importance of examining the role of institutions and how they evolve in the specific context. Against this backdrop, the study reviews the case of Abu Dhabi and its reform agenda in support of diversification. We discuss some of its successes as well as the challenges and issues which influence its way forward. In doing so, we add new insight to the way the different mechanisms associated with the resource curse play out. The article reflects on what features of Abu Dhabi’s development are specific, and which are of more generic interest. On this basis, the article considers what lessons can be learned from the past experience, for Abu Dhabi itself as well as more broadly for other economies confronted with similar challenges.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.International Association of Entrepreneurship and Technology (IUET)StockholmSweden
  2. 2.Innovation Value InstituteMaynooth UniversityKildareIreland

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