My teacher and I were talking about different countries and their economies. He asked if I thought if Yemen could ever be like the US. I think that Yemen’s upside is going to look more like Canada or Australia, but they have a very, very long way to go. He lamented the fact that there aren’t any arab countries with a good economy. I mentioned the UAE, Dubai and Abu Dhabi are some of the most prosperous regions on earth. “Yes, but it’s a plastic economy. They don’t have anything there but businesses, they don’t make anything there.”
As usual, he didn’t notice the fact that they don’t “make” anything, and yet they are fantastically wealthy. They make wealth, pure and simple. Really, when you think about it, wouldn’t you want other people making stuff for you instead of making it yourself? There is nothing wrong in doing what you do best and allowing others to do what they do best, it’s called trade and it will make you wealthy. Just look to the UAE for guidance. Don’t be afraid of trade and don’t be afraid of services, they’re good things.