Michael Porter's Clusters view and performance of the UAE economy

  Order Description   1. Introduction (approximately 300 words) Briefly outline Porter’s views on what gives nations a competitive advantage and also the microeconomic foundations of prosperity. 2. Performance of the UAE economy according to the Global Competitiveness Index. (Approximately 900 words) Evaluate the performance of the UAE economy according to the following pillars included in the Global Competitiveness Index: • Pillar 2 Infrastructure • Pillar 3 Macroeconomic environment • Pillar 5 Higher education and training • Pillar 12 Innovation 3. Comparison of UAE economy with the economies of Saudi Arabia, Oman, Bahrain and Kuwait. (Approximately 400 words) Using the above mentioned pillars compare the global competitiveness of the UAE to the above mentioned countries. 4. Recommendations (approximately 250 words) Suggest some measures to increase the competitiveness of the UAE economy in terms of the above pillars.