Book

Economic development in the Gulf Cooperation Council countries : from rentier states to diversified economies

Miniaoui, Héla, editor

Overview

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.

• Publisher: Springer
• Subject: Gulf Cooperation Council. / Economic development Persian Gulf States. / Economic policy. / Economics. / Fossil fuels. / Development economics. / Economics / Fossil Fuels / Développement économique États du golfe Persique. / Politique économique. / Économie politique. / Combustibles fossiles. / Économie du développement. / economics. / fossil fuel. / Economic development. / Economic history. / Politics and government. / Persian Gulf States Economic conditions. / Persian Gulf States Politics and government. / Middle East Politics and government. / États du golfe Persique Conditions économiques. / Moyen-Orient Politique et gouvernement. / Middle East. / Middle East Persian Gulf States.
• ISBN: 9789811560576, 9811560579

Item info:

1 item available

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Holdings :

Call Number	Copies	Material	Location
HC415.3.E36 2020	1	BOOK	BUSINESS