Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions
A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market failures ra...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2014
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Schriftenreihe: | IMF Working Papers
Working Paper No. 14/177 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market failures rather than government failures. To tackle market failures, the government needs to change the incentive structure for workers and firms. Experiences of oil exporters that managed to diversify suggest that a focus on competing in international markets and an emphasis on technological upgrade and climbing the "quality ladder" are crucial |
Beschreibung: | 1 Online-Ressource (55 p) |
ISBN: | 1498310648 9781498310642 |
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spelling | Cherif, Reda Verfasser aut Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions Cherif, Reda Washington, D.C International Monetary Fund 2014 1 Online-Ressource (55 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 14/177 A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market failures rather than government failures. To tackle market failures, the government needs to change the incentive structure for workers and firms. Experiences of oil exporters that managed to diversify suggest that a focus on competing in international markets and an emphasis on technological upgrade and climbing the "quality ladder" are crucial Online-Ausg Hasanov, Fuad Sonstige oth http://elibrary.imf.org/view/IMF001/22070-9781498310642/22070-9781498310642/22070-9781498310642.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Cherif, Reda Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions |
title | Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions |
title_auth | Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions |
title_exact_search | Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions |
title_exact_search_txtP | Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions |
title_full | Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions Cherif, Reda |
title_fullStr | Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions Cherif, Reda |
title_full_unstemmed | Soaring of the Gulf Falcons Diversification in the GCC Oil Exporters in Seven Propositions Cherif, Reda |
title_short | Soaring of the Gulf Falcons |
title_sort | soaring of the gulf falcons diversification in the gcc oil exporters in seven propositions |
title_sub | Diversification in the GCC Oil Exporters in Seven Propositions |
url | http://elibrary.imf.org/view/IMF001/22070-9781498310642/22070-9781498310642/22070-9781498310642.xml |
work_keys_str_mv | AT cherifreda soaringofthegulffalconsdiversificationinthegccoilexportersinsevenpropositions AT hasanovfuad soaringofthegulffalconsdiversificationinthegccoilexportersinsevenpropositions |