The economy of the Gulf States:
The six Arab monarchies of the Persian Gulf - Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates - have a disproportionate importance in the global economic system because of their enormous reserves of oil and gas. Matthew Gray provides a brief yet comprehensive profile of these...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Newcastle upon Tyne :
Agenda Publishing,
2018.
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Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | The six Arab monarchies of the Persian Gulf - Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates - have a disproportionate importance in the global economic system because of their enormous reserves of oil and gas. Matthew Gray provides a brief yet comprehensive profile of these six Gulf states and their modern political economy. Focusing on the postwar period, particularly the last 20 years, he examines the key factors that have shaped these nations' economies and enabled them to bypass typical development pathways. The book explores how the combination of rentierism, state ownership of key firms and assets, and the use of patron-client networks to distribute favours and opportunities, has created a very effective strategy for regime maintenance and durability. However, the book also outlines how cooptive bargains with society have given the Gulf states a unique set of economic problems, including low levels of innovation and entrepreneurship, reliance on foreign workers and an inflated public sector. With the global demand for hydrocarbons set to decline, the need for the Gulf states to diversify their economies, expand the private sector, and build a more diverse taxation base has become ever more pressing. The book explains the importance of these challenges, which, along with those of geography, regional security, rapidly growing populations, and sectarianism are likely to test the Gulf's new generation of leaders. |
Beschreibung: | 1 online resource |
ISBN: | 1788211855 9781788211857 |
Internformat
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520 | |a The six Arab monarchies of the Persian Gulf - Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates - have a disproportionate importance in the global economic system because of their enormous reserves of oil and gas. Matthew Gray provides a brief yet comprehensive profile of these six Gulf states and their modern political economy. Focusing on the postwar period, particularly the last 20 years, he examines the key factors that have shaped these nations' economies and enabled them to bypass typical development pathways. The book explores how the combination of rentierism, state ownership of key firms and assets, and the use of patron-client networks to distribute favours and opportunities, has created a very effective strategy for regime maintenance and durability. However, the book also outlines how cooptive bargains with society have given the Gulf states a unique set of economic problems, including low levels of innovation and entrepreneurship, reliance on foreign workers and an inflated public sector. With the global demand for hydrocarbons set to decline, the need for the Gulf states to diversify their economies, expand the private sector, and build a more diverse taxation base has become ever more pressing. The book explains the importance of these challenges, which, along with those of geography, regional security, rapidly growing populations, and sectarianism are likely to test the Gulf's new generation of leaders. | ||
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geographic | Persian Gulf Region Economic conditions. Persian Gulf Region Economic policy. Persian Gulf Region Politics and government. Persique, Région du golfe Conditions économiques. Persique, Région du golfe Politique économique. Persian Gulf Region fast |
geographic_facet | Persian Gulf Region Economic conditions. Persian Gulf Region Economic policy. Persian Gulf Region Politics and government. Persique, Région du golfe Conditions économiques. Persique, Région du golfe Politique économique. Persian Gulf Region |
id | ZDB-4-EBU-on1100896416 |
illustrated | Not Illustrated |
indexdate | 2024-11-26T14:49:34Z |
institution | BVB |
isbn | 1788211855 9781788211857 |
language | English |
oclc_num | 1100896416 |
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physical | 1 online resource |
psigel | ZDB-4-EBU |
publishDate | 2018 |
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publisher | Agenda Publishing, |
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spelling | Gray, Matthew, 1970- author. https://id.oclc.org/worldcat/entity/E39PCjrVxfP8V8ptgQDMtvQbr3 http://id.loc.gov/authorities/names/no2009130264 The economy of the Gulf States Matthew Gray. Newcastle upon Tyne : Agenda Publishing, 2018. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier Online resource; title from PDF title page (EBSCO, viewed May 30, 2019). The six Arab monarchies of the Persian Gulf - Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates - have a disproportionate importance in the global economic system because of their enormous reserves of oil and gas. Matthew Gray provides a brief yet comprehensive profile of these six Gulf states and their modern political economy. Focusing on the postwar period, particularly the last 20 years, he examines the key factors that have shaped these nations' economies and enabled them to bypass typical development pathways. The book explores how the combination of rentierism, state ownership of key firms and assets, and the use of patron-client networks to distribute favours and opportunities, has created a very effective strategy for regime maintenance and durability. However, the book also outlines how cooptive bargains with society have given the Gulf states a unique set of economic problems, including low levels of innovation and entrepreneurship, reliance on foreign workers and an inflated public sector. With the global demand for hydrocarbons set to decline, the need for the Gulf states to diversify their economies, expand the private sector, and build a more diverse taxation base has become ever more pressing. The book explains the importance of these challenges, which, along with those of geography, regional security, rapidly growing populations, and sectarianism are likely to test the Gulf's new generation of leaders. Persian Gulf Region Economic conditions. Persian Gulf Region Economic policy. Persian Gulf Region Politics and government. Persique, Région du golfe Conditions économiques. Persique, Région du golfe Politique économique. BUSINESS & ECONOMICS / Economics / General. bisacsh BUSINESS & ECONOMICS / Reference. bisacsh POLITICAL SCIENCE / World / Middle Eastern bisacsh Economic history fast Economic policy fast Politics and government fast Persian Gulf Region fast FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2143946 Volltext |
spellingShingle | Gray, Matthew, 1970- The economy of the Gulf States BUSINESS & ECONOMICS / Economics / General. bisacsh BUSINESS & ECONOMICS / Reference. bisacsh POLITICAL SCIENCE / World / Middle Eastern bisacsh Economic history fast Economic policy fast Politics and government fast |
title | The economy of the Gulf States |
title_auth | The economy of the Gulf States |
title_exact_search | The economy of the Gulf States |
title_full | The economy of the Gulf States Matthew Gray. |
title_fullStr | The economy of the Gulf States Matthew Gray. |
title_full_unstemmed | The economy of the Gulf States Matthew Gray. |
title_short | The economy of the Gulf States |
title_sort | economy of the gulf states |
topic | BUSINESS & ECONOMICS / Economics / General. bisacsh BUSINESS & ECONOMICS / Reference. bisacsh POLITICAL SCIENCE / World / Middle Eastern bisacsh Economic history fast Economic policy fast Politics and government fast |
topic_facet | Persian Gulf Region Economic conditions. Persian Gulf Region Economic policy. Persian Gulf Region Politics and government. Persique, Région du golfe Conditions économiques. Persique, Région du golfe Politique économique. BUSINESS & ECONOMICS / Economics / General. BUSINESS & ECONOMICS / Reference. POLITICAL SCIENCE / World / Middle Eastern Economic history Economic policy Politics and government Persian Gulf Region |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2143946 |
work_keys_str_mv | AT graymatthew theeconomyofthegulfstates AT graymatthew economyofthegulfstates |