As the price of oil fell in the eighties the pressures on the Arab Gulf States to speed up the diversification of their economies into non-oil sectors increased. This book, first published in 1984, examines this problem and many other issues connected with the impact of oil revenues on development in the Gulf States. It considers changing oil production policies and developments in other sectors of the economy including agriculture, industry and banking. It explores population problems, moves towards Gulf economic coordination and the impact of oil on society, culture and education. This book provides an assessment of just how much the region depends on oil for its economic prosperity and development and some indication of the enormous problems that would face the region should the demand for oil decease still further.
Table of Contents
1. Introduction M.S. El Azhary 2. Oil Production Policies in the Gulf States Ali M. Jaidah 3. Oil Planning and Production: Attitudes of the Industrial World Peter L. Fano 4. Philosophy of State Development Planning John Townsend 5. The Gulf Cooperation Council and the Prospects for Gulf Economic Coordination Ragaei El Mallakh 6. Gulf Foreign Investment Coordination: Needs and Modalities Hazem Beblawi 7. The Philosophy of Infrastructural Development Howard Bowen-Jones 8. Industrialization in the Arab Gulf Nasif J. Dabdab and Badr I. Mohyuddin 9. The Agricultural Potential of the Arab Gulf States Keith McLachlan 10. The Future of Banking as a Gulf Industry Rodney Wilson 11. Manpower Problems and Projections in the Gulf Nader Fergany 12. Education as an Instrument of Progress in the Arab Gulf States Mohammed Ahmed Rasheed 13. The Impact of Development on Gulf Society Glen Balfour-Paul