Overview
- Covers a variety of different topics relating to economic development in the GCC countries within the context of the respective socio-cultural and political domains, with a spotlight on the effect of the Qatar diplomatic crisis
- Presents a selection of unique empirical case studies showcasing the economic development trajectories of the GCC countries
- Discusses key opportunities and challenges for the GCC countries in terms of their economic development and diversification strategies and policies
Part of the book series: Gulf Studies (GS, volume 1)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (11 chapters)
Keywords
About this book
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.
Editors and Affiliations
About the editor
Bibliographic Information
Book Title: Economic Development in the Gulf Cooperation Council Countries
Book Subtitle: From Rentier States to Diversified Economies
Editors: Héla Miniaoui
Series Title: Gulf Studies
DOI: https://doi.org/10.1007/978-981-15-6058-3
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020
Hardcover ISBN: 978-981-15-6057-6Published: 27 October 2020
Softcover ISBN: 978-981-15-6060-6Published: 03 May 2022
eBook ISBN: 978-981-15-6058-3Published: 26 October 2020
Series ISSN: 2662-4494
Series E-ISSN: 2662-4508
Edition Number: 1
Number of Pages: XII, 208
Number of Illustrations: 4 b/w illustrations
Topics: Economic Policy, Middle Eastern Politics, Political Economy/Economic Systems, Fossil Fuels (incl. Carbon Capture), Development Economics