Economic Diversification in the Gulf Region, Volume I - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Diversification in the Gulf Region, Volume I write by Ashraf Mishrif. This book was released on 2017-12-27. Economic Diversification in the Gulf Region, Volume I available in PDF, EPUB and Kindle. 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 GCC
Economic Diversification in the GCC - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Diversification in the GCC write by Mr.Tim Callen. This book was released on 2014-12-23. Economic Diversification in the GCC available in PDF, EPUB and Kindle. 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
Economic Development in the Gulf Cooperation Council Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Development in the Gulf Cooperation Council Countries write by Héla Miniaoui. This book was released on 2020-10-26. Economic Development in the Gulf Cooperation Council Countries available in PDF, EPUB and Kindle. 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.
Economic Diversification in the Gulf Region, Volume II
Economic Diversification in the Gulf Region, Volume II - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Diversification in the Gulf Region, Volume II write by Ashraf Mishrif. This book was released on 2018-01-09. Economic Diversification in the Gulf Region, Volume II available in PDF, EPUB and Kindle. 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.
When Can Oil Economies Be Deemed Sustainable?
When Can Oil Economies Be Deemed Sustainable? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook When Can Oil Economies Be Deemed Sustainable? write by Giacomo Luciani. This book was released on 2020-09-30. When Can Oil Economies Be Deemed Sustainable? available in PDF, EPUB and Kindle. 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.
