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This volume focuses on the role of the private sector in
diversifying the economics of Gulf countries in the
post-petrodollar era, when fluctuating and declining oil prices are
negatively impacting national expenditures. It explores current
policies of countries in the Gulf Cooperation Council and their
efforts to shift their economies away from heavy dependence on
hydrocarbons. The structural changes will create favorable
conditions for the private sector to flourish, shift production
dependence from public to private sector, and allow for more
efficient resource allocation. Such changes will also allow local
banks to provide financial support to small and medium enterprises,
boost entrepreneurship for job creation, and strengthen
organizational structure and efficiency. This is the first volume
in Economic Diversification in the Gulf Region.
This book addresses critical aspects of the nationalization of
labour markets in the Gulf countries. It examines the role of
higher education institutions in providing the market with the
right skills that are most needed in the era of the fourth
industrial revolution (industry 4.0). The book also explores the
new dynamics of technology and information systems in upgrading the
skills, changing the work environment, and generating employment
for the youth in the Gulf countries. The holistic approach of the
subject area makes this volume indispensable to academics,
researchers, students, and policy makers in the Gulf region and
beyond. The book covers a broad range of topics including the
nationalization of labour market programmes such as Emiratization
and Saudization, attitudes toward women in workplace, the role of
high-tech firms in upskilling and enhancing the productivity of
workforce, while also providing sector-specific investigations in
healthcare, banking, finance, tourism, and hospitality. The
analysis is based on original research and primary data collected
by a group of scholars from 15 countries and presented in an
illustrative, accessible, and concise manner.
This volume explores the challenges to diversification in Gulf
countries, which can no longer rely on profits from hydrocarbons to
fund national expenditures. It elaborates on the problem of weak
institutions, lack of coordination between policy makers and
executors, limited investment in research and development, and a
workforce that is too poorly skilled to compete in the private
sector. In addition to analyzing issues in areas such as education,
labor, business, and trade, the contributors underscore the
importance of using global best practices to overcome fundamental
weaknesses in the Gulf Cooperative Council's economic structure
that limit opportunities for economic diversification. This is the
second volume in Economic Diversification in the Gulf Region.
This volume explores the challenges to diversification in Gulf
countries, which can no longer rely on profits from hydrocarbons to
fund national expenditures. It elaborates on the problem of weak
institutions, lack of coordination between policy makers and
executors, limited investment in research and development, and a
workforce that is too poorly skilled to compete in the private
sector. In addition to analyzing issues in areas such as education,
labor, business, and trade, the contributors underscore the
importance of using global best practices to overcome fundamental
weaknesses in the Gulf Cooperative Council's economic structure
that limit opportunities for economic diversification. This is the
second volume in Economic Diversification in the Gulf Region.
This volume focuses on the role of the private sector in
diversifying the economics of Gulf countries in the
post-petrodollar era, when fluctuating and declining oil prices are
negatively impacting national expenditures. It explores current
policies of countries in the Gulf Cooperation Council and their
efforts to shift their economies away from heavy dependence on
hydrocarbons. The structural changes will create favorable
conditions for the private sector to flourish, shift production
dependence from public to private sector, and allow for more
efficient resource allocation. Such changes will also allow local
banks to provide financial support to small and medium enterprises,
boost entrepreneurship for job creation, and strengthen
organizational structure and efficiency. This is the first volume
in Economic Diversification in the Gulf Region.
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