Energy and Economic Diversification in the UAE
Author: Sameena Hameed
Publisher:
Published: 2018
Total Pages: 78
ISBN-13: 9789380570556
DOWNLOAD EBOOKPosts
Economic Diversification in the GCC
Author: Mr.Tim Callen
Publisher: International Monetary Fund
Published: 2014-12-23
Total Pages: 32
ISBN-13: 1498303234
DOWNLOAD EBOOKAbstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.
Economic Development in the Gulf Cooperation Council Countries
Author: Héla Miniaoui
Publisher: Springer Nature
Published: 2020-10-26
Total Pages: 217
ISBN-13: 9811560587
DOWNLOAD EBOOKThis 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.
Energy Transitions in the Middle East
Author: Katherine Wolff
Publisher: Bloomsbury Publishing
Published: 2024-01-25
Total Pages: 329
ISBN-13: 0755650395
DOWNLOAD EBOOKHow do Middle East energy transitions fit into international energy markets? In this book, energy analysts, geopolitical experts and specialists of political economy examine the new energy potential in the Middle East. The particular focus surrounds how the region's access to finance, combined with the new global regulations and considerations of economic development, shape the region's energy transitions overall. The Middle East is revealed to be a key site of new energy production, sharing and transmission as well as technology innovation. At the same time, the authors examine the variables that determine the success in each country and energy source, including the advantages that hydrocarbon producers will have in renewables and transition fuels, and the risk that these might slow down the energy transition overall. In doing so, the book situates the energy transition in the Middle East in a broader context of economic development, financing models, and regulations, and explains how this context interacts with the development of new energy sources. Energy Transitions in the Middle East is an account of the challenges Middle Eastern states will face in navigating the global energy transition, as well as their key areas of opportunity.
Economic Diversification Policies in Natural Resource Rich Economies
Author: Sami Mahroum
Publisher: Routledge
Published: 2016-08-05
Total Pages: 353
ISBN-13: 1317338758
DOWNLOAD EBOOKEconomic diversification remains at the top of the agenda for hundreds of regions around the world. From the single commodity economies of African countries and the Caribbean, to the many single industry regions of Europe and North America, as well as the oil and gas rich but volatile hydrocarbon economies. Economic diversification policies have been around for almost a century with varying degrees of success and failure. Economic Diversification Policies in Natural Resource Rich Economies takes a special interest in the policy experiences of a set of different countries that have extractive industries representing significant drivers of their economies and subsequently are significant contributors to government revenues. It explores twelve cases including upper-middle to high income economies such as Canada, Australia, Iceland and Norway, emerging economies such as Latin America, the GCC (Saudi and UAE), Kazakhstan, Malaysia and Russia, as well as the developing economy of Uganda. Each chapter provides a review of economic diversification experiences including policy environment, diversification strategies, desired outcomes, the role of government, and a critical evaluation of achievements. This book is suitable for those who study environmental economics, development economics and resource management.
Ecological Modernization in the United Arab Emirates?
Author: Helena Rietmann
Publisher: Walter de Gruyter GmbH & Co KG
Published: 2021-07-19
Total Pages: 70
ISBN-13: 3110749297
DOWNLOAD EBOOKIn 2006, the United Arab Emirates initiated the Masdar City project, which was a pre-planned eco-city concentrating on the development and promotion of renewable energy, water and waste management, sustainable building, transportation, and material efficiency. It was the flagship project of what the government considered to be a widespread environmental reform process. This study examines the Masdar City project applying the analytical framework of "ecological modernization" with the help of five "factors", which help to investigate the ongoing reform process. The study finds that Masdar City is more accurately described as an outcome of the Abu Dhabi government’s economic diversification strategy. The project is subject to the political and economic interests of the emirate’s ruling family. Environmental groups operating within the emirate are connected to the government and pursue policy targets determined by the government.
Ecological Modernization in the United Arab Emirates?
Author: Helena Rietmann
Publisher: Walter de Gruyter GmbH & Co KG
Published: 2021-07-19
Total Pages: 111
ISBN-13: 3110749327
DOWNLOAD EBOOKIn 2006, the United Arab Emirates initiated the Masdar City project, which was a pre-planned eco-city concentrating on the development and promotion of renewable energy, water and waste management, sustainable building, transportation, and material efficiency. It was the flagship project of what the government considered to be a widespread environmental reform process. This study examines the Masdar City project applying the analytical framework of "ecological modernization" with the help of five "factors", which help to investigate the ongoing reform process. The study finds that Masdar City is more accurately described as an outcome of the Abu Dhabi government’s economic diversification strategy. The project is subject to the political and economic interests of the emirate’s ruling family. Environmental groups operating within the emirate are connected to the government and pursue policy targets determined by the government.
The Evolution Of UAE Foreign Policy
Author: GEW Intelligence Unit
Publisher: Global East-West
Published: 2024-07-26
Total Pages: 320
ISBN-13:
DOWNLOAD EBOOKThe research background of this book focuses on the historical evolution and strategic development of the United Arab Emirates' (UAE) foreign policy from its formation to the present day. The research methodology proposed in this book includes a historical analysis of the UAE's foreign policy, examining key events and strategies that have shaped its current principles and goals. The task involves understanding the UAE's foreign policy evolution and its performance in maintaining regional stability, fostering economic growth, and enhancing diplomatic relations. The performance supports their goals by demonstrating the UAE's proactive and adaptive approach to international relations. Methods • Historical analysis of the formation of the UAE and its early diplomatic engagements; • Examination of the influence of Pan-Arabism and the establishment of the Gulf Cooperation Council (GCC); • Analysis of the UAE's role in regional conflicts such as the Iran-Iraq War and the First Gulf War; • Evaluation of the impact of the Arab Spring on UAE foreign policy; • Assessment of the shift towards economic diversification and trade-based foreign policy. Conclusion: • The significance of this piece of work lies in its comprehensive overview of the UAE's foreign policy evolution, highlighting the country's strategic adaptability and commitment to stability and economic growth. • Innovation point: The study provides a detailed historical context and analysis of the UAE's foreign policy, emphasizing the importance of economic diversification and cultural diplomacy. • Performance: The UAE's proactive engagement in regional and global affairs demonstrates its effectiveness in achieving its foreign policy goals. • Workload: The book covers a broad range of historical events and policy shifts, providing a thorough understanding of the UAE's foreign policy development.
Economic Diversification in the United Arab Emirates
Author:
Publisher:
Published: 2000
Total Pages: 53
ISBN-13:
DOWNLOAD EBOOKEconomic Diversification in Oil-Exporting Arab Countries
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2016-04-29
Total Pages: 41
ISBN-13: 1498345697
DOWNLOAD EBOOKcountries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges. The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations. Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...
