- Background information ⢠What the basic details of the topic are, and what the overall context of the study is?
In September 2017, the UAE Government launched the UAE Strategy for the Fourth Industrial Revolution (4IR) (PDF, 25 MB) during the Governmentâs Annual Meetings. The UAE Strategy for the Fourth Industrial Revolution aims to strengthen the UAE’s position as a global hub for the Fourth Industrial Revolution and to increase its contribution to the national economy by means of advancing innovation and future technologies.
The strategy also outlines the path to achieve the future experience of government services by providing intelligent and interactive government services around the clock to achieve customer happiness and to position the UAE as a model for interactive cities using artificial intelligence to achieve sustainability.
The UAE Strategy for the Fourth Industrial Revolution focuses on a number of key fields; some of them are innovative education, artificial intelligence, intelligent genomic medicine and robotic healthcare.
The 4IR aims to:
⢠enhance economic security by adopting digital economy and blockchain technologies in financial transactions and service
⢠optimise the utilisation of satellite data in planning future cities
to achiev e these aims the UAE Government must adope the digital vision in banks
2.Focus ⢠What the thesis will specifically concentrate on
Industry 4.0 revolution ï fintechï Digital serviceï Digital banks ï future smart cities
3.Gap ⢠What the literature has so far failed to satisfactorily deal with / comment on - Purpose ⢠What the aim of the study is
Industry 4.0 is about connectivity and it an opportunity to radically change the way industry response to the need of society for smart communication, smart connectivity, instant payments, and micro finance options in mobile software applications has been a driving force for the disruptive tech changes in the banking & finance sectors within the past decade, to include substantial investments by the UAE. The UAE government must step up and take smart bold move to join the leader of 4.0 industry AND not BE left behand. For that we suggest omnichannel digital banking system with the feature of using the Sharia0 compliant. At it can be test during the Dubai expo as smart service. - Methodology ⢠What research practices were used â this will vary considerably from field to field!
This research proposal presents a mixed-methods. Data collection instruments include a survey and in-depth interviews with a purposive sample of representatives from companies operating in the UAE fintech space.
Sample Solution
Quantity demanded and quantity supplied differ when in trade. The new excess quantity is used as exports to other countries. Before trading, the price level adjusted itself so that domestic supply and demand could balance. Consumer surplus being areas A + B and producer surplus area C. Total surplus summing up to areas A + B + C. Now that a new price has been set, consumer surplus is A while areas B + C + D are the producer surplus. The new total surplus is A + B + C + D. Producers surplus increases by areas B and D making them better-off. While consumer surplus is reduced by area B. Due to producer gain trumping consumer loss, total surplus in Country A increases. This example shows how trade bolsters the economic state of a country and reinforces the pro-trade argument. Following these points, one concludes by saying that trade among nations is beneficial seeing that it allows each party to allocate its resources accordingly in order to specialise in what it does best, while obtaining other desired goods at a lower rate. When countries decide what to specialise in upon entering trade with one another, their opportunity costs are taken into consideration seeing as relative production costs differ from country to country. The following model puts into practice the example with hats and tractors. Take for instance two countries producing hats and tractors, Greece and Britain. British workers earn 6 pounds an hour whereas Greek workers earn 3 euro and have an absolute advantage in terms of both goods. Table 1 shows that less British unit labour hours are needed for both goods. Britain is relatively more productive in terms of tractors seeing that it takes 1.5 times longer for Greece to produce one. However, it takes Greece only 5/4 times longer to make a hat. Britain holds the comparative advantage for tractor production and Greece in hats. By sacrificing 10 hats, Britain acquires 40 extra labour hours to make a Tractor. The opportunity cost of a tractor in Britain is 10 hats and 12 hats in Greece. The opportunity cost of Greece however (1/12 of a tractor) is less than the opportunity cost in Britain ( 1/10 of a tractor.). Once again, this proves that Britain has a comparative advantage in tractors and Greece in hats. Specialisation and trade allows these countries to produce and trade each good more efficiently. Greece focuses on hat production and Britain on tractor.>
Quantity demanded and quantity supplied differ when in trade. The new excess quantity is used as exports to other countries. Before trading, the price level adjusted itself so that domestic supply and demand could balance. Consumer surplus being areas A + B and producer surplus area C. Total surplus summing up to areas A + B + C. Now that a new price has been set, consumer surplus is A while areas B + C + D are the producer surplus. The new total surplus is A + B + C + D. Producers surplus increases by areas B and D making them better-off. While consumer surplus is reduced by area B. Due to producer gain trumping consumer loss, total surplus in Country A increases. This example shows how trade bolsters the economic state of a country and reinforces the pro-trade argument. Following these points, one concludes by saying that trade among nations is beneficial seeing that it allows each party to allocate its resources accordingly in order to specialise in what it does best, while obtaining other desired goods at a lower rate. When countries decide what to specialise in upon entering trade with one another, their opportunity costs are taken into consideration seeing as relative production costs differ from country to country. The following model puts into practice the example with hats and tractors. Take for instance two countries producing hats and tractors, Greece and Britain. British workers earn 6 pounds an hour whereas Greek workers earn 3 euro and have an absolute advantage in terms of both goods. Table 1 shows that less British unit labour hours are needed for both goods. Britain is relatively more productive in terms of tractors seeing that it takes 1.5 times longer for Greece to produce one. However, it takes Greece only 5/4 times longer to make a hat. Britain holds the comparative advantage for tractor production and Greece in hats. By sacrificing 10 hats, Britain acquires 40 extra labour hours to make a Tractor. The opportunity cost of a tractor in Britain is 10 hats and 12 hats in Greece. The opportunity cost of Greece however (1/12 of a tractor) is less than the opportunity cost in Britain ( 1/10 of a tractor.). Once again, this proves that Britain has a comparative advantage in tractors and Greece in hats. Specialisation and trade allows these countries to produce and trade each good more efficiently. Greece focuses on hat production and Britain on tractor.>
