Economic Development in the Gulf Cooperation Council Countries From Rentier States to Diversified Economies 1st edition by Héla Miniaoui 9811560583 9789811560583

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Product details:

ISBN-10 :  9811560583 

ISBN-13 :  9789811560583

Author:  Héla Miniaoui 

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 Development in the Gulf Cooperation Council Countries From Rentier States to Diversified Economies 1st Table of contents:

1. Natural Resources Curse and Economic Diversification in GCC Countries
2. Climate Agreements’ Implementation Through Energy Transition and Economic Diversification in Kuwait
3. Knowledge-Based Development and Economic Diversification: The Case of Qatar
4. Food Security in the GCC Countries: Towards a More Diversified and Sustainable Economic Development
5. Why Should Saudi Arabia Diversify Its Economy?
6. Corruption, Rentier States and Economic Growth Where Do the GCC Countries Stand?
7. Oman’s Shift to a Post-Oil Economy
8. The Journey of Bahrain to Economic Diversification
9. Towards Changes of Macro-Economic Structures in Middle Eastern Countries. Empirical Evidence for 1970–2018
10. UAE Economic Diversification: A Medical Tourism Perspective
11. Why Gulf Rentier Economies Must Pursue Economic Diversification

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Tags: Economic Development, Gulf Cooperation, Council Countries, Rentier States, Diversified Economies, Héla Miniaoui