City of Gold Dubai and the Dream of Capitalism

ISBN-10: 0312655436
ISBN-13: 9780312655433
Edition: N/A
Authors: Jim Krane
List price: $20.50 Buy it from $8.74
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Description: 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  More...

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Book details

List price: $20.50
Publisher: Picador
Publication date: 11/23/2010
Binding: Paperback
Pages: 384
Size: 5.25" wide x 8.00" long x 1.00" tall
Weight: 0.748
Language: English

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. InCity 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 Disnified 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.

Preface
Dubai Stirs
The Sands of Time
Birth of a Free Port
Oil, Slaves, and Rebellion
Dubai Emerges
It's Sheikh Rashid's World-We Just Live in It
The Road to Dominance
Sprinting the Marathon
Almost Famous
Spreading Out and Going Up
Diamonds, Dubai, and Israel
Sheikh Mohammed: Born to Rule
Blowback: The Downside
Labor Pains
Sex and Slavery
The Air-Conditioned Nightmare
The Lawless Roads
Dubai's Challenge
Danger Ahead
Democracy and Terrorism
Stuck Between America and Iran
The Meaning of Dubai
Epilogue: Dubai, February 2010
Notes
Acknowledgments
Index

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