Economic Diversification In The Gulf Region Volume I

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Economic Diversification in the Gulf Region, Volume I

Ashraf Mishrif,Yousuf Al Balushi
Economic Diversification in the Gulf Region Volume I Book PDF

Author : Ashraf Mishrif,Yousuf Al Balushi
Publisher : Springer
Page : 247 pages
File Size : 40,8 Mb
Release : 2017-12-27
Category : Political Science
ISBN : 9789811057830

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Economic Diversification in the Gulf Region, Volume I by Ashraf Mishrif,Yousuf Al Balushi Pdf

This volume focuses on the role of the private sector in diversifying the economics of Gulf countries in the post-petrodollar era, when fluctuating and declining oil prices are negatively impacting national expenditures. It explores current policies of countries in the Gulf Cooperation Council and their efforts to shift their economies away from heavy dependence on hydrocarbons. The structural changes will create favorable conditions for the private sector to flourish, shift production dependence from public to private sector, and allow for more efficient resource allocation. Such changes will also allow local banks to provide financial support to small and medium enterprises, boost entrepreneurship for job creation, and strengthen organizational structure and efficiency. This is the first volume in Economic Diversification in the Gulf Region.

Economic Diversification in the Gulf Region, Volume II

Ashraf Mishrif,Yousuf Al Balushi
Economic Diversification in the Gulf Region Volume II Book PDF

Author : Ashraf Mishrif,Yousuf Al Balushi
Publisher : Springer
Page : 266 pages
File Size : 51,7 Mb
Release : 2018-01-09
Category : Political Science
ISBN : 9789811057861

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Economic Diversification in the Gulf Region, Volume II by Ashraf Mishrif,Yousuf Al Balushi Pdf

This volume explores the challenges to diversification in Gulf countries, which can no longer rely on profits from hydrocarbons to fund national expenditures. It elaborates on the problem of weak institutions, lack of coordination between policy makers and executors, limited investment in research and development, and a workforce that is too poorly skilled to compete in the private sector. In addition to analyzing issues in areas such as education, labor, business, and trade, the contributors underscore the importance of using global best practices to overcome fundamental weaknesses in the Gulf Cooperative Council's economic structure that limit opportunities for economic diversification. This is the second volume in Economic Diversification in the Gulf Region.

Economic Diversification in the GCC: Past, Present, and Future

Mr. Tim Callen,Reda Cherif,Fuad Hasanov,Mr. Amgad Hegazy,Padamja Khandelwal
Economic Diversification in the GCC Past Present and Future Book PDF

Author : Mr. Tim Callen,Reda Cherif,Fuad Hasanov,Mr. Amgad Hegazy,Padamja Khandelwal
Publisher : International Monetary Fund
Page : 32 pages
File Size : 55,6 Mb
Release : 2014-12-23
Category : Business & Economics
ISBN : 9781498301688

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Economic Diversification in the GCC: Past, Present, and Future by Mr. Tim Callen,Reda Cherif,Fuad Hasanov,Mr. Amgad Hegazy,Padamja Khandelwal Pdf

Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.

Economic Development in the Gulf Cooperation Council Countries

Héla Miniaoui
Economic Development in the Gulf Cooperation Council Countries Book PDF

Author : Héla Miniaoui
Publisher : Springer Nature
Page : 217 pages
File Size : 52,5 Mb
Release : 2020-10-26
Category : Political Science
ISBN : 9789811560583

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Economic Development in the Gulf Cooperation Council Countries by Héla Miniaoui Pdf

This book delves into the economic development of the six Gulf Cooperation Council (GCC) countries. Since the 1960s, the GCC states have harnessed their potential to exploit the wealth accrued from the oil boom to build their infrastructure and grow their economies. However, the high level of dependency on oil as the primary source feeding their output made their economies volatile and vulnerable to fluctuations in the global oil prices. Moreover, the plunge in oil prices and the threat of depletion of this natural resource pose serious challenges to the GCC countries. Consequently, the GCC governments have realized the importance of diversifying their economies following the need to move away from reliance on hydrocarbon. This book contributes to the theoretical literature by enriching the debate on the transition of the GCC countries from rentier states to diversified economies. It helps students and scholars understand this transformation with an expansive comprehension of the contemporary challenges facing the region, as well as outlining prospects for the future.

The Gulf Region

Anonim
The Gulf Region Book PDF

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 41,9 Mb
Release : 2012
Category : Persian Gulf States
ISBN : OCLC:830169059

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The Gulf Region by Anonim Pdf

The four volumes in this major research collection address the key economic issues which affect the future development and diversification of the member states of the Gulf Cooperation Council (GCC), namely Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman. The work brings together state-of-the-art analysis by some 40 international scholars who participated in a major joint initiative by the EU and the GCC, the al-Jisr Gulf-Europe Research Program. This collection will prove an essential reference work for policy makers and scholars on all the critical issues facing the Gulf countries as their economies develop beyond dependence on the oil and gas sector and forge new international alliances.

Strategies of Knowledge Transfer for Economic Diversification in the Arab States of the Gulf

Rasmus Gjedssø Bertelsen,Neema Noori,Jean-Marc Rickli
Strategies of Knowledge Transfer for Economic Diversification in the Arab States of the Gulf Book PDF

Author : Rasmus Gjedssø Bertelsen,Neema Noori,Jean-Marc Rickli
Publisher : Unknown
Page : 236 pages
File Size : 49,6 Mb
Release : 2017-09
Category : Economic development
ISBN : 3959940149

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Strategies of Knowledge Transfer for Economic Diversification in the Arab States of the Gulf by Rasmus Gjedssø Bertelsen,Neema Noori,Jean-Marc Rickli Pdf

Diversification is the principal economic objective for the Gulf States. The steep and sustained fall in oil prices over the last few years has added to the collective urgency to seek new sources of revenue. As such, the overriding theme of regional economic summits in recent years has focused on the question, "how do we transition to a knowledge-based economy?" This is the central question taken up by the contributors to this volume. A growing body of literature has begun to address how state policy in conjunction with universities, think tanks, and businesses can create the groundwork to support knowledge-intensive industries. But, so far, comparatively little work has been done on the potential of this matrix of policies to succeed in the current political and economic context of the GCC. This volume assesses current policies designed to engender knowledge-based economies in the region and analyzes how a diverse array of actors, including government agencies, national and transnational businesses, universities, and individuals coordinate and mediate the transmission of knowledge to support knowledge-intensive industries. This volume is based on a workshop held at the Gulf Research Meeting organized by the Gulf Research Center Cambridge in summer 2015.

Oil, Industrialization & Development in the Arab Gulf States (RLE Economy of Middle East)

Atif Kubursi
Oil Industrialization Development in the Arab Gulf States RLE Economy of Middle East Book PDF

Author : Atif Kubursi
Publisher : Routledge
Page : 159 pages
File Size : 48,8 Mb
Release : 2015-05-15
Category : Social Science
ISBN : 9781317592952

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Oil, Industrialization & Development in the Arab Gulf States (RLE Economy of Middle East) by Atif Kubursi Pdf

Were oil supplies everlasting and the demand for oil strong and continuous, economic diversification in the Gulf would be pointless. However oil reserves are finite and non-renewable and the world demand for oil from the Gulf region is simply not stable. Collectively the countries of the Gulf face the striking prospect that unless priorities and plans are set with care the gestation period of their economic development may be longer than the expected life of their hydrocarbon resources. This book examines just that threat. It considers the opportunities available to the Gulf states for accumulating sufficient productive capital in the non-oil sectors of their economy to offset the drawing down of oil reserves. The book pays particular attention to the possibilities of development through cooperation not only within the Gulf Cooperation Council but also within the larger Arab region and the Third World as a whole. It concludes with a critical review of the main challenges that these economies are facing and are likely to face in the near future with special emphasis on their major problems and failures. First published in 1984.

Economic Diversification in the Gulf States: Public Expenditure and Non-Oil Economic Growth in Bahrain, Oman and Qatar

Yesenn El-Radhi
Economic Diversification in the Gulf States Public Expenditure and Non Oil Economic Growth in Bahrain Oman and Qatar Book PDF

Author : Yesenn El-Radhi
Publisher : Unknown
Page : 0 pages
File Size : 43,7 Mb
Release : 2018
Category : Economic development
ISBN : 395994053X

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Economic Diversification in the Gulf States: Public Expenditure and Non-Oil Economic Growth in Bahrain, Oman and Qatar by Yesenn El-Radhi Pdf

A long-standing economic policy goal of the oil-dependent states of the Gulf Cooperation Council is to increase economic diversification. Over the last decades, GCC governments fostered the development of non-oil economies through large-scale public investments in the stocks of human and physical capital. This book takes a new look at economic diversification efforts by examining the impact of different public expenditure categories (capital, education, health) on non-oil GDP and labour productivity developments in the three GCC countries Bahrain, Oman and Qatar since the 1970s. Building both.

The Transformation of the Gulf

David Held,Kristian Ulrichsen
The Transformation of the Gulf Book PDF

Author : David Held,Kristian Ulrichsen
Publisher : Routledge
Page : 388 pages
File Size : 50,9 Mb
Release : 2013-03-01
Category : History
ISBN : 9781136698408

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The Transformation of the Gulf by David Held,Kristian Ulrichsen Pdf

This book examines the political, economic and social transformation of the six member-states of the Gulf Cooperation Council (GCC) and the ways in which these states are both shaping, and being reshaped by, the processes of globalisation. Adopting a multidisciplinary approach, the volume combines thematic chapters focusing on issues such as globalisation, nationalism and identity, political thinking, and economic diversification and redistributive policymaking with empirical chapters studying specific aspects of reform and change: the emergence of governing markets the rise of Sovereign Wealth Funds Islamic Finance the relationship between energy and sustainability trends in foreign aid donorship, strategic and foreign policy formulation. Contributions from experts in the field provide cutting-edge snapshots of a region in flux and collectively offer a roadmap of its repositioning in the global order, examining the interaction between global processes and internal dynamics of change and resistance that inject new dimensions into debates over the loci of local and global transformations and the manner in which each plays off the other. Situating the Gulf States firmly within their global twenty-first century context, this book will hold particular appeal to theorists of globalisation as well as to scholars of comparative politics, international political economy and area studies.

The Gulf Cooperation Council at Forty

Tarik M. Yousef,Adel Abdel Ghafar
The Gulf Cooperation Council at Forty Book PDF

Author : Tarik M. Yousef,Adel Abdel Ghafar
Publisher : Brookings Institution Press
Page : 312 pages
File Size : 49,8 Mb
Release : 2023-02-22
Category : Political Science
ISBN : 9780815739548

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The Gulf Cooperation Council at Forty by Tarik M. Yousef,Adel Abdel Ghafar Pdf

All of the GCC countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—are undergoing historic socio-economic transitions. They are facing enormous strains on public finances and challenging economic outlooks, due to fluctuating oil prices, demographic pressures, high unemployment rates, and a lack of economic diversification. These countries also are likely to feel the rising impact of climate change, and global policies to deal with it, over the coming decades. In addition, seemingly unstoppable shifts in the long-standing international order, notably the rise of China and uncertainties about U.S. leadership, have potentially serious implications for the Middle East and beyond. This by noted scholars and experts considers the key trends shaping Gulf Cooperation Council (GCC) countries--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirate-- ranging from the COVID-19 pandemic, to climate change, economic disruptions, demographics and other domestic concerns, and shifts in the global order. The book’s chapters address such questions as: How will global megatrends impact the GCC? How can GCC states adjust and diversify their economies to meet the dual challenges of fluctuating oil prices and climate change? How can these states adjust their labor markets to absorb and support women and youth? How will inter GCC disagreements impact the region moving forward? And how will GCC relations with international actors shift in the coming years? This timely book, with its comprehensive analyses and policy recommendations, will be of interest to a wide range of readers interested in the GCC region, including policymakers, academics, and researchers at think tanks and nongovernmental organizations.

GCC Countries

Mr.Ugo Fasano-Filho,Mr.Zubair Iqbal
GCC Countries Book PDF

Author : Mr.Ugo Fasano-Filho,Mr.Zubair Iqbal
Publisher : International Monetary Fund
Page : 28 pages
File Size : 40,8 Mb
Release : 2003-09-05
Category : Business & Economics
ISBN : 1589062337

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GCC Countries by Mr.Ugo Fasano-Filho,Mr.Zubair Iqbal Pdf

This paper presents an overview of the unprecedented economic and social transformation witnessed by the member countries of the Cooperation Council of the Arab States of the Gulf (GCC)-Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates-over the last three decades.

When Can Oil Economies Be Deemed Sustainable?

Giacomo Luciani,Tom Moerenhout
When Can Oil Economies Be Deemed Sustainable Book PDF

Author : Giacomo Luciani,Tom Moerenhout
Publisher : Springer Nature
Page : 365 pages
File Size : 48,9 Mb
Release : 2020-09-30
Category : Political Science
ISBN : 9789811557286

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When Can Oil Economies Be Deemed Sustainable? by Giacomo Luciani,Tom Moerenhout Pdf

This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future. Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term. But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration. The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.

Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions

Reda Cherif,Fuad Hasanov
Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions Book PDF

Author : Reda Cherif,Fuad Hasanov
Publisher : International Monetary Fund
Page : 55 pages
File Size : 51,9 Mb
Release : 2014-09-24
Category : Business & Economics
ISBN : 9781498319300

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Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions by Reda Cherif,Fuad Hasanov Pdf

A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market failures rather than government failures. To tackle market failures, the government needs to change the incentive structure for workers and firms. Experiences of oil exporters that managed to diversify suggest that a focus on competing in international markets and an emphasis on technological upgrade and climbing the “quality ladder” are crucial.

Science and Technology Development in the Gulf States

Afreen Siddiqi,Laura Diaz Anadon
Science and Technology Development in the Gulf States Book PDF

Author : Afreen Siddiqi,Laura Diaz Anadon
Publisher : Unknown
Page : 0 pages
File Size : 41,6 Mb
Release : 2017
Category : Economic development
ISBN : 3959940025

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Science and Technology Development in the Gulf States by Afreen Siddiqi,Laura Diaz Anadon Pdf

The Arab states of the Gulf, currently heavily reliant on oil and gas exports, have stated their intention to promote economic diversification and have embarked on reforming existing institutions for higher education, scientific research, and technology innovation. The region has witnessed huge population growth in recent decades, and in some cases (e.g. Saudi Arabia) almost half the population is under the age of twenty-five and in need of access to quality education and meaningful employment opportunities. This book provides an in-depth discussion of what is needed to accelerate the development of science, technology and innovation in the Gulf. Among other issues, the authors discuss the need for regional collaboration, and tackle systemic challenges such as immigration policies, career incentives for GCC citizens, and increased inclusion of women in the workforce.

Public Governance and Strategic Management Capabilities

Paul Joyce,Turki F. Al Rasheed
Public Governance and Strategic Management Capabilities Book PDF

Author : Paul Joyce,Turki F. Al Rasheed
Publisher : Taylor & Francis
Page : 184 pages
File Size : 50,9 Mb
Release : 2016-12-08
Category : Business & Economics
ISBN : 9781317405771

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Public Governance and Strategic Management Capabilities by Paul Joyce,Turki F. Al Rasheed Pdf

This is a book about the modernization of public governance and the development of strategic states. It focuses on six Gulf countries (United Arab Emirates, Oman, Qatar, Bahrain, Saudi Arabia and Kuwait) and presents research findings from quantitative data analysis and comparative analysis of the trends and developments of the six Gulf states. The book analyses the workings of the governments of the Gulf States, including the way that they have tackled national development since the mid 1990s. This includes how their strategies for economic diversification have been reflected in trends in revenues from "oil rents" and whether they are still rentier states or not. Evidence is presented on key topics such as government strategies and long-term strategic visions. Careful consideration is given to reputational evidence and to the strategic process capabilities of the governments: integration and coordination of government machinery, mobilizing public and private stakeholders, evaluating, and adapting – all defined as strategic process capabilities. This examination of government is also used to study their performance in strategic results areas: the economy, the natural environment, and the happiness of their citizens. The countries emerge from this analysis as far from identical in terms of capabilities or in term of performance.