This is a geography presentation focusing on technology and economics with a focus on the UAE. Additionally, these are mentioned: The three main industries; primary, secondary and tertiary sectors. Government spending. Advantages of high-tech economic systems. Risk-taking vs. ventures.

1. Economic Values and
Systems
What is it?

2. Points to be Covered
 Importance of technology in businesses.
 Different forms of economic systems and where they’re used.
 Importance and advantages of high-tech economic systems.
 How we can apply high-tech systems in our country.
 UAE’s investments and spending.
 Difference between risk-taking and ventures.

3. Introduction
 Based on many factors, it is vital that countries develop their
economy.
 In the presentation, we will learn about:
• Different economic principles.
• How UAE is effectively diversifying and preparing it’s economy
for future.
• How technology is important for small businesses and
governments to be successful in the future.

4. Importance of Technology in Small
and Medium Enterprises
The role of technology in businesses is expanding as:
• it comes with many benefits
• can be used in several ways
• some of which you will see in the next slide
• could help get desired results
• achieve goals regardless of the size of the enterprise.

5. How do small enterprises use
technology? For
guidance
• To guide them in
the startup and
onwards.
To
operate
• Communication
with their clients
and employees.
• Adaptable work
locations
To sell
and
advertise
• Online selling
websites
• Video
advertisements
• Email newsletters,
etc.
Conflict
• Online
communication
tools level the
field when
competing against
other large
companies.
To
maintain
security:
• Installing cameras
• Online website
security
Companies
are nothing
without it

6. Economic Systems and Industries

7. Different forms of EconomiesDifferent
global
economies:
Traditional
economy:
When its
government’s
decisions are
governed by long-
standing customs
and traditions.
Usually, you can
find tribes that
implement this in
the Amazon forest.
Changes are very
hard to apply and
roles are decided
by family.
Command
economy:
Government takes full
control on the
businesses, events, et
cetera of the country.
Some countries
that have
implemented this
economy are Iran,
Belarus, North
Korea, China,
Cuba, Libya, and
Russia.
Market
economy:
When the public and
market have
complete, utter
control of the
economy.
Some mostly
market economical
countries include
Singapore, USA,
Australia, Hong
Kong.
Mixed
economy:
When a country
combines both
command and market
economy, carrying its
advantages and
disadvantages.
France, Iceland,
and UK are some
of the countries
that have a mixed
economy.

8. Primary Industry
 Income comes from jobs such as farming, fishing, mining, etc.
 For poorer countries
 Nepal is an example:
*Information collected from http://igeogers.weebly.com/economic-activity-and-energy.html
Distribution of
Industries In Nepal
Tertiary Secondary Primary
Distribution of
Industries in Cambodia
Tertiary Secondary Primary
Distribution of
Industries in Iraq
Tertiary Secondary Primary
Distribution of Industries
in Afghanistan
Tertiary Secondary Primary

9. Secondary Industry
 A form of industry that receives its main income from manufacturing (and
making) the raw materials collected from primary industry.
 Countries whose industry is high in manufacturing are:
Distribution of Industries in
China
Tertiary Secondary Primary
Distribution of Industries in
Malaysia
Tertiary Secondary Primary

10. Tertiary Industries
 A form of industry that gains money through providing services. These may
include doctors, nurses, bankers, etc.
 Some countries and cities include:
Distribution of Industries
in USA
Tertiary Secondary Primary
Distribution of
Industries in Russia
Tertiary Secondary Primary
Distribution of Industries
in Moscow*
Tertiary Secondary Primary
Distribution of Industries in
Australia
Teritiary Secondary Primary

11. Government Investments

12. UAE Government Spending
 Spends as much as 161696.03 million AED per year.
 Increased dramatically since 2008.
*Data collected in 5/2016 from
https://tradingeconomics.com/united-
arab-emirates/government-spending

13. Where the Money goes
Information collected in 2000 from
https://www.ielts-
mentor.com/writing-
sample/academic-writing-task-1/992-
academic-ielts-writing-task-1-sample-
58-the-pie-chart-gives-information-
on-uae-government-spending-in-2000
34%
3%
18%
6%
13%
4%
8%
9%
5%
Money spent in UAE in the year 2000
Social security Transport
Healthcare Law and order
Education Industry, agriculture, employment
Defence Debt Interest
Housing heritage and Environment Other

14. How UAE invests today
 In food
 $400 billion (Dh1.47 trillion) from importing.
 Impact: Helps feed the UAE’s population.
 In desalination plants
 $3.22 billion (Dh12 billion) for running desalination plants to provide drinking water.
 Impact: This investment provides clean drinking water to people which helps in
promoting the well-being of the residents and improvement in rankings of developed
countries.
 Infrastructure development
 $12.88 billion (Dh47.3 billion) spent on infrastructure development in 2017 in Dubai
only. UAE plans to invest $300 billion by 2030.
 Impact: Investment in infrastructure development by government brings in private real
estate investment and helps in overall growth of the country.

15. Prominence of developing high-tech
Economic systems
Technology helps governments overcome challenges in innumerable ways.

16. Advantages of high-tech Economic
Systems
• Creates hundreds of thousands of jobs.
• Without people in ICT, society would change their lives entirely.
• More than 65% percent of all adults own digital devices, not to mention children and
teenagers who consider devices a major part of their life.
Immediate job
creation
• The GDP would also grow as employment rates rise.
• Internet accounts for 3.4% of GDP in some economies.
• ICT helped in the 1.4% increase in GDP growth.
• In China, it can reach 2.5%.
GDP growth
• Numerous companies have changed to working online.
• Facebook apps alone are responsible for roughly 182,000 jobs.
Rise of different
amenities and trades.
• Most companies have some form of IT to keep their business running.
• Without ICT, thousands of companies would have never existed.
• This allowed businesses to create new ways to serve their customers.
Business Innovation information collected from
https://www.weforum.org/agen
da/2013/04/five-ways-
technology-can-help-the-
economy/

17. Its Importance in Businesses
Once
companies
cut down on
technology
They believe
that they are
doing this for
the good of
their
company
It is, in fact
the opposite
Profits sink
GDP also
decreases
The chain
continues and
may affect
the entire
community
https://www.cio.com/article/31525
68/leadership-management/the-
growing-importance-of-the-
technology-economy.html
This may mean the fall of
labor productivity and the
decline of the community.
This shows that companies
are dependent on technology.

18. ICT-related jobs
Non-ICT jobs in the ICT
sector
10%
ICT jobs in the ICT sector
54%
ICT jobs in other sectors of
the Economy
36%
CANADA'S ECONOMY
0 1 2 3 4 5 6 7 8 9
UAE
Saudi Arabia
Oman
Bahrain
Qatar
Kuwait
EU
Singapore
UK
Finland
Estonia
2.9
1.5
1.4
1.4
1.1
0.8
5.4
6.9
7.6
8.4
8.5
Digital jobs as a percentage of the total work force
percentage
0
1
2
3
4
5
6
7
8
9
GCC countries combined Singapore Estonia
Percentage of total
Percentage of total

19. Its Importance in other Countries
Estonia citizen’s e-
Identity System:
Used for performing
hundreds of municipal
and state services.
Taxes
Medical records and
prescriptions
Registering businesses
Its confidentiality
Citizens see who is
accessing their
private governmental
information.
Not easily accessible
for all
Elderly people
without devices.
Technology is
expensive
Fun Fact:
Skype was
created in
Estonia and
many other
start-ups
Information collected from
http://www.bbc.co.uk/guides/zqkj
p39

20. Applying high-tech economic systems to
our country
Faster and
better service
• Extreme security
Digital
permits and
Information
Apps
Digital
approvals
Accessed by
all devices
Situation:
Becoming a truly digital
government will help
meet ALL these
expectations. It’s time to
turn digital government
visions into reality.
• Estonia’s government has practically already converted.
• Canada’s government is already making the move.
• What about the UAE’s?

21. Developing Tech Economic Systems in
the UAE
High-tech economic systems are vital to
develop the UAE due to following
reasons:
 Diversification
 To not to depend on real estate and
oil.
 Open towards new ways to get
income.
 Preparing for future
 To make sure the country doesn’t
stay behind in technology and
security.
Fun Fact: UAE is
investing $1
billion dollars in
Cyber Security.

22. Risk-Taking vs Ventures
What’s the difference?

23. Risk-Taking and Ventures
Risk-taking: Taking actions that
involve danger in order to achieve a
goal even-though the outcome might
be unpleasant.
Examples:
• Relying on one person (for
example a CEO) to lead the
business in the right direction.
• Investing the company’s cash in
financial markets for additional
returns.
Venture: Taking a risk, hoping for a
positive outcome and future profit. In
other words, having a positive attitude
towards a risk.
Examples:
• Creating a new product for
additional sales.
• Starting a ecommerce website of
an offline retail store.

24. Conclusion
 There are 4 economic systems: command, traditional, market, and mixed.
 There are 3 economic industries: primary, secondary, tertiary.
 Technology is important for enterprises of all sizes and age.
 High-tech economic systems are the future of UAE.
 Things like risk-taking, ventures and technology help a business in becoming
successful.