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Oil, Industrialization and Development in the Arab Gulf States (Paperback)
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Oil, Industrialization and Development in the Arab Gulf States (Paperback)
Series: Routledge Library Editions: The Economy of the Middle East
Expected to ship within 12 - 17 working days
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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.
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