Bahrain and the Gulf: Past, Perspectives and Alternative Futures

After the oil discoveries of the early 1930s, Bahrain rapidly became an oil exporting country with a relatively high income per capita. More recently Bahrain has succeeded in diversifying its oil dominated economy by developing regional banking and other services, and a variety of light and heavy industries. Various circumstances have combined to make Bahrain a leader among the Arab Gulf States in the transformation of traditional Arabic tribal societies into modern social and economic stru...