INNOVATIVE DEVELOPMENT MANAGEMENT OF THE UNITED ARAB EMIRATES: PROBLEMS AND SOLUTIONS

Currently, the economic modernization effective directions issue in countries with developed economies, including countries exporting oil and gas, is topical. Some examples of the modernization model in these countries have already taken shape. One example, despite the local conditions difficulties and uniqueness, was the modernization model of the United Arab Emirates (UAE). The starting conditions for the development of which were based on raw materials exports narrow base. An economic modernization the history and mechanism analysis in the UAE shows that here in the formation of the process strengths of economic modernization, the creation of infrastructure, both production and transport, commercial, service, and technological, played a crucial role. In the UAE, an effective contribution of infrastructure has been achieved by clearly linking the strategic areas of increasing the competitiveness of the country's economy with the priorities of infrastructure development. This allowed the UAE to acquire new factors of competitiveness.KEY WORDS: economic modernization, oil exporting countries, oil sectors of the economy, development strategy, infrastructure, competitiveness