Overview
- Explores current policies of countries in the Gulf Cooperation Council
- Proposes methods for establishing new economic sectors not dependent on oil
- Argues the importance of shifting industry from the public to the private sector
Part of the book series: The Political Economy of the Middle East (PEME)
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Table of contents (10 chapters)
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Front Matter
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Back Matter
Keywords
- Development Economics of the Middle East
- Middle Eastern Politics
- Regional/Spatial Science in the Middle East
- Economic Policy of the Middle East
- Political Economy of the Middle East
- Private Sector & Economic Diversification in Kuwait
- Saudi-German Joint Ventures
- Social Development of Gulf Countries
- Diversification in the GCC Countries
- GCC’s Industrial Development
About this book
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.
Editors and Affiliations
About the editors
Ashraf Mishrif is Senior Lecturer in Political Economy in the Institute of Middle Eastern Studies, King’s College London, UK.
Yousuf Hamad Al Balushi is an economist at the Supreme Council for Planning, Oman.
Bibliographic Information
Book Title: Economic Diversification in the Gulf Region, Volume I
Book Subtitle: The Private Sector as an Engine of Growth
Editors: Ashraf Mishrif, Yousuf Al Balushi
Series Title: The Political Economy of the Middle East
DOI: https://doi.org/10.1007/978-981-10-5783-0
Publisher: Palgrave Macmillan Singapore
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: Gulf Research Centre Cambridge 2018
Hardcover ISBN: 978-981-10-5782-3Published: 23 January 2018
Softcover ISBN: 978-981-13-5488-5Published: 23 December 2018
eBook ISBN: 978-981-10-5783-0Published: 27 December 2017
Series ISSN: 2522-8854
Series E-ISSN: 2522-8862
Edition Number: 1
Number of Pages: XXI, 247
Number of Illustrations: 4 b/w illustrations, 14 illustrations in colour
Topics: International Political Economy, Middle Eastern and North African Economics, Development Economics, Regional Development