This book is a major contribution to our understanding of the Gulf Emirates, illuminating many aspects of the socio-economic forces and processes operating on and in the region. It assesses actual oil revenues received and shows the impact oil revenues have had on economic development.
As the price of oil fell in the eighties the pressures on the Arab Gulf States to speed up the diversification of their economies into non-oil sectors increased. This book, first published in 1984, examines this problem and many other issues connected with the impact of oil revenues on development in the Gulf States. It considers changing oil production policies and developments in other sectors of the economy including agriculture, industry and banking. It explores population problems, moves towards Gulf economic coordination and the impact of oil on society, culture and education. This book provides an assessment of just how much the region depends on oil for its economic prosperity and development and some indication of the enormous problems that would face the region should the demand for oil decease still further.
This book is a major contribution to our understanding of the Gulf Emirates, illuminating many aspects of the socio-economic forces and processes operating on and in the region. It assesses actual oil revenues received and shows the impact oil revenues have had on economic development.
Oil and Development in the Arab Gulf States (1985) brings together in one volume the manifold sources of information on the Arab Gulf region, especially the impact of oil revenues on its economic, political and social development. It provides a balanced core of primary and secondary sources on various aspects of the economics of Arab oil between 1973 and 1983.
This book is an analysis of how oil has affected governance and human, political, and economic development in the countries of the Persian Gulf and shaped these countries' relations with the rest of the world.
The Gulf Arab states became rich by accident. Their golden ticket was oil, which has become the lifeblood of their social and economic systems. But they are prone to become a ‘vanishing Eden’, if the oil curse endures further and economic transformation remains a mirage. LIFE AFTER OIL highlights the economic vulnerability of the Gulf states after the oil party ends. The region depends heavily on imports financed by petrodollars. So, when demand for oil sinks and prices plummet, or when oil and gas reserves ultimately vanish, their survival will be extremely challenged. LIFE AFTER OIL raises the alarm to the impending survival challenges to face the burgeoning Gulf societies in the post-oil era, and tackles the ultimate question: what will the future look like?