Economic Diversification In The Gulf States Public Expenditure And Non Oil Economic Growth In Bahrain Oman And Qatar

Economic Diversification In The Gulf States Public Expenditure And Non Oil Economic Growth In Bahrain Oman And Qatar Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Economic Diversification In The Gulf States Public Expenditure And Non Oil Economic Growth In Bahrain Oman And Qatar book. This book definitely worth reading, it is an incredibly well-written.

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 : 48,8 Mb
Release : 2018
Category : Economic development
ISBN : 395994053X

Get Book

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.

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 : 45,5 Mb
Release : 2014-12-23
Category : Business & Economics
ISBN : 9781498301688

Get Book

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.

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 : Routledge
Page : 171 pages
File Size : 46,8 Mb
Release : 2016-12-08
Category : Business & Economics
ISBN : 9781317405764

Get Book

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.

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 : 50,8 Mb
Release : 2003-09-05
Category : Business & Economics
ISBN : 1589062337

Get Book

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.

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 : 52,5 Mb
Release : 2018-01-09
Category : Political Science
ISBN : 9789811057861

Get Book

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 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 : 45,7 Mb
Release : 2017-12-27
Category : Political Science
ISBN : 9789811057830

Get Book

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.

The Macroeconomics of the Arab States of the Gulf

Raphael Espinoza,Ghada Fayad,Ananthakrishnan Prasad
The Macroeconomics of the Arab States of the Gulf Book PDF

Author : Raphael Espinoza,Ghada Fayad,Ananthakrishnan Prasad
Publisher : OUP Oxford
Page : 240 pages
File Size : 54,7 Mb
Release : 2013-10-31
Category : Business & Economics
ISBN : 9780191506741

Get Book

The Macroeconomics of the Arab States of the Gulf by Raphael Espinoza,Ghada Fayad,Ananthakrishnan Prasad Pdf

The economies of the Arab states of the Gulf have gone through considerable changes in the last decade, spurred by high oil prices and ambitious diversification plans. Large-scale immigration provided the labour force while capital inflows and financial development leveraged oil wealth to finance diversification. The collapse in real estate prices around the world followed by the global crisis slowed growth and raised questions on the appropriateness of what has been dubbed the 'GCC model'. The Gulf Cooperation Council (GCC) countries have thus far managed to leverage their large natural resource wealth to achieve economic prosperity and finance social advances, and the region also emerged as an important source of funds for the other countries in the Middle East. Nevertheless, the GCC face several challenges. Productivity growth must increase to fully reap the benefits of investment. Jobs must be created for the nationals and the growing youth population. State intervention (which is prevalent, given that oil revenues accrue to the government) must become efficient and be used to diversify and modernize the economy. In addition, the recent crisis highlighted the importance of fiscal, monetary, and financial stability policies to manage macroeconomic cycles. This book analyses these issues and combines data and econometric analysis with theoretical discussions. It concludes with a discussion of the importance of the GCC for the wider region.

Oil Revenues In The Gulf/h

Ali Khalifa Al-Kuwari
Oil Revenues In The Gulf h Book PDF

Author : Ali Khalifa Al-Kuwari
Publisher : Routledge
Page : 285 pages
File Size : 52,9 Mb
Release : 2019-03-13
Category : Business & Economics
ISBN : 9780429728341

Get Book

Oil Revenues In The Gulf/h by Ali Khalifa Al-Kuwari Pdf

This book is a major contribution to our understanding of the Gulf Emirates, illuminating many aspects of the socio-economic forces and processes operating on and in the region. It assesses actual oil revenues received and shows the impact oil revenues have had on economic development.

Islam and Capitalism in the Making of Modern Bahrain

Rajeswary Ampalavanar Brown
Islam and Capitalism in the Making of Modern Bahrain Book PDF

Author : Rajeswary Ampalavanar Brown
Publisher : Oxford University Press
Page : 577 pages
File Size : 53,5 Mb
Release : 2023-05-01
Category : Business & Economics
ISBN : 9780192874696

Get Book

Islam and Capitalism in the Making of Modern Bahrain by Rajeswary Ampalavanar Brown Pdf

In recent decades, the culture, society, politics, and economics of Bahrain have been transformed, driving its global ambitions while retaining to a degree the rule of law and cosmopolitanism. Islam and Capitalism in the Making of Modern Bahrain examines the transformation of Bahrain from the 1930s, from a regional trading port and then an important oil producer into the financial hub for the Gulf and into a global centre of Islamic finance. It focuses on the changes and tensions that transformation brought to Bahrain's political, legal, economic, religious, and social structures. In this book, Rajeswary Brown explores the rising force of youth populism driven by the persistence of poverty and unemployment, notably among rural Shi'ite communities and unemployed middle-class youth, as well as examining Bahrain's skillful reconciliation of the demands of Islamic faith, expressed in the Sharia, to the requirements of modern financial capitalism. In this, Bahrain's experience can be set against the modern history of much of the rest of the Middle East, most strikingly with respect to the position of Islamic charities, notably in Syria, comparisons of which are fully explored here.

Economic Diversification in Oil-Exporting Arab Countries

International Monetary Fund
Economic Diversification in Oil Exporting Arab Countries Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 41 pages
File Size : 46,7 Mb
Release : 2016-04-29
Category : Business & Economics
ISBN : 9781498345699

Get Book

Economic Diversification in Oil-Exporting Arab Countries by International Monetary Fund Pdf

countries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges. The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations. Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...

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 : 155 pages
File Size : 51,5 Mb
Release : 2015-05-15
Category : Social Science
ISBN : 9781317592945

Get Book

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.

The Gulf Region

Anonim
The Gulf Region Book PDF

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 41,8 Mb
Release : 2012
Category : Persian Gulf States
ISBN : OCLC:830169059

Get Book

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.

Policy Challenges in the Gulf Cooperation Council Countries

International Monetary Fund
Policy Challenges in the Gulf Cooperation Council Countries Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 44 pages
File Size : 41,6 Mb
Release : 1996-05-23
Category : Business & Economics
ISBN : 1557755825

Get Book

Policy Challenges in the Gulf Cooperation Council Countries by International Monetary Fund Pdf

The Gulf Cooperation Council (GCC) countries face important policy challenges and opportunities. This paper covers the economic developments and policies since 1980; the impact of the GCC's external environment; the medium-term economic prospects; the broad outlines of a common adjustment and reform strategy, and the implications of adjustment in the GCC countries on the rest of the Middle East and North Africa region.

The Future of Oil and Fiscal Sustainability in the GCC Region

Mr.Tokhir N Mirzoev,Ling Zhu,Yang Yang,Ms.Tian Zhang,Mr.Erik Roos,Mr.Andrea Pescatori,Mr.Akito Matsumoto
The Future of Oil and Fiscal Sustainability in the GCC Region Book PDF

Author : Mr.Tokhir N Mirzoev,Ling Zhu,Yang Yang,Ms.Tian Zhang,Mr.Erik Roos,Mr.Andrea Pescatori,Mr.Akito Matsumoto
Publisher : International Monetary Fund
Page : 55 pages
File Size : 53,5 Mb
Release : 2020-02-06
Category : Business & Economics
ISBN : 9781513525907

Get Book

The Future of Oil and Fiscal Sustainability in the GCC Region by Mr.Tokhir N Mirzoev,Ling Zhu,Yang Yang,Ms.Tian Zhang,Mr.Erik Roos,Mr.Andrea Pescatori,Mr.Akito Matsumoto Pdf

The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

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 : 52,9 Mb
Release : 2020-09-30
Category : Political Science
ISBN : 9789811557286

Get Book

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.