1st Edition
The Future of Economic Development in the Gulf Cooperation Council States Evidence-Based Policy Analysis
By Weshah Razzak
Copyright 2023
180 Pages
73 B/W Illustrations
by
Routledge
180 Pages
73 B/W Illustrations
by
Routledge
180 Pages
73 B/W Illustrations
by
Routledge
Also available as eBook on:
The Gulf Cooperation Council (GCC) countries own 30 percent of the world’s proven oil reserves and largely depend on oil for their income. Yet the GCC faces serious challenges. The global demand for oil is expected to continue declining, and the average long-run oil price could become lower than its historical average in the future. This book is a research-based, structural macroeconomic... Read more
1. Introduction 2. Some Stylized Facts 3. The Oil Dependency Dilemma 4. The External Debt 5. Is the Level of Government Spending Optimal? 6. Can Taxes Resolve the Economic Problems? 7. Savings, Productivity and Other Structural Issues 8. Final Remarks
Biography
Weshah Razzak is Honorary Research Fellow at the School of Economics and Finance, Massey University, Palmerston North, New Zealand.
