No region in the world has seen so much development activity in
the last ten years as the Gulf area. Since black gold catapulted
the oil-producing countries into the limelight of the international
political and economic scene, there has been a proliferation of
studies on the larger exporting states. However, many of the
so-called small countries have been neglected in this exercise.
This book presents the first detailed examination of the bases and
extent of economic development in Qatar and considers the need to
translate the petroleum-generated growth into viable,
self-sustained development. Qatar, though not one of the oil
giants, was first in the field of oil development and exhibits a
number of special features not shared by its Gulf neighbours: for
example in pre-oil boom days it was already in advance of many
other Gulf states in the field of education; it has a modest
agriculture sector and there is a comparatively strong attachment
to the land; and finally it has played an important role in OPEC as
a member of the moderate price camp. The individual chapters trace
the development of the oil industry, outline public financing and
economic policy and sketch the issues involved in
industrialisation, absorptive capacity and agricultural
development. Examination is made of the social and physical
infrastructure as well as money and banking, and the international
linkages in trade, foreign aid, economic cooperation efforts and
investment opportunities are elucidated. Planners in Qatar know
that their revenue base in petroleum is finite, and thus investment
of present surplus needs careful planning. The book therefore also
outlines current government priorities and suggests areas for
future investments.
First published in 1979."
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