External powers and the UAE

Sim, Li-Chen; Fulton, Jonathan

doi:10.4324/9781003025566-17

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“…On top of these core factors, a shared perspective about global politics also played a vital part in the motivations for both the NDB founding members and the UAE. Notably, the BRICS's sense of dissatisfaction with the Western-centric nature of global decision-making that led them to create the NDB is mirrored in the attitude of the Emirati leadership's foreign policy diversification approach by which the UAE gravitates towards new dialogue partners that are non-West but not necessarily anti-West (Sim & Fulton, 2022). AA underscored this point: 'The UAE has long pursued a balanced, constructive approach to international affairs…In many respects, our broader foreign policy objectives very much informed our decision-making process to join the NDB' (Authors' interview, 7 December 2021).…”

Section: Discussionmentioning

confidence: 99%

The United Arab Emirates and the New Development Bank: Mutual interests and first‐mover advantages

Cooper

Cannon

2023

Global Policy

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The United Arab Emirates (UAE) joined the BRICS‐led New Development Bank (NDB) as part of its first expansion in terms of membership. Questions regarding the interests and rationale of the UAE in joining the Bank, on the one hand, and the NDB's logic in granting membership to the UAE, on the other, immediately jump out. This article sheds light on the BRICS' cautious move away from exceptionality via the expanded NDB in the context of its membership criteria and approach. It does so by also highlighting the UAE's exceptionality, with a focus on the combination of fiscal resources and strategic geography, in the context of shifting global distributions of power. It finds that the UAE's membership in the NDB dovetails with its memberships in other MDBs, which, in turn, are part of the country's ambition to be seen as a globally influential actor. In turn, the NDB was attracted to the UAE fiscal acumen, credit rating and its carefully cultivated culture of cutting‐edge, sustainable, infrastructure and connectivity projects, as well as innovation.

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Section: Discussionmentioning

confidence: 99%