What industries has Abu Dhabi focused on developing as part of its economic strategy?
IMF Questions Abu Dhabi's Austerity
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The transcript discusses the economic strategies of oil states like Abu Dhabi, focusing on diversification efforts and the impact of fiscal restraint. It highlights IMF warnings about economic prudence, Abu Dhabi's tourism and cultural investments, and the broader economic implications, including job cuts and infrastructure challenges.
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What impact does fiscal restraint have on the overall economy and employment?
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