Oil, Industrialization & Development in the Arab Gulf States (RLE Economy of Middle East)

Oil, Industrialization & Development in the Arab Gulf States (RLE Economy of Middle East)

by Atif Kubursi

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Were oil supplies everlasting and the demand for oil strong and continuous, economic diversification in the Gulf would be pointless. However oil reserves are finite and non-renewable and the world demand for oil from the Gulf region is simply not stable. Collectively the countries of the Gulf face the striking prospect that unless priorities and plans are set with care the gestation period of their economic development may be longer than the expected life of their hydrocarbon resources. This book examines just that threat. It considers the opportunities available to the Gulf states for accumulating sufficient productive capital in the non-oil sectors of their economy to offset the drawing down of oil reserves. The book pays particular attention to the possibilities of development through cooperation not only within the Gulf Cooperation Council but also within the larger Arab region and the Third World as a whole. It concludes with a critical review of the main challenges that these economies are facing and are likely to face in the near future with special emphasis on their major problems and failures.

First published in 1984.

Product Details

ISBN-13: 9781317592945
Publisher: Taylor & Francis
Publication date: 05/15/2015
Series: Routledge Library Editions: The Economy of the Middle East
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 154
File size: 11 MB
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Table of Contents

1. Introduction  2. The Economies of the GCC Region: The Macro Perspective  3. Oil and Gas  4. The Non-oil Sectors: The Quest for Diversification  5. Agricultural Development in the GCC Region: Is It Possible?  6. Industrialization: Prospects and Problems  7. Conclusion

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