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"Tracing the development journey of the Arabian Gulf region with a forward-looking perspective, this book describes how a combination of good fortune, creative experimentation, and determination has enabled the region to achieve prosperity. Today, the Arabian Gulf is well positioned to assume a pivotal role in the new global order. Forced to balance an extreme climate and acute resource constraints, but also an exceptional location, the region's progress and prosperity has historically been precarious and vulnerable to external shocks. Efforts to transcend resource dependency have typically involved proactive attempts to proactively enable other economic activities. This book argues that, while conventional economic diversification is making headway, the Gulf region is in fact amidst a far more holistic transformation that positions it for a pivotal role in the emerging multi-polar global order. It now offers globally competitive regulations and world-class infrastructure at the heart of the Old World, flanked by two fast-growing continents. It has become the hub of choice for a growing share of inter-continental flows of people, trade, and capital, and has established strong economic ties in all directions. This book shows how, despite many risks and challenges, the region possesses the forward-looking vision and necessary resilience that can finally liberate it from its long-standing "resource curse", and a development paradigm that looks likely to provide the foundation for sustained well-being in the decades ahead. The scope and rigor of the book make it suitable as a reference on the Arabian Gulf and for those interested in global affairs and economic development, as well as policy makers and the business community"--
Persian Gulf Region --- Economic conditions. --- Economic policy.
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"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 analysis, providing evidence-based and future-facing, policy recommendations for GCC governments. First, it analyzes historical data to explain the macroeconomic performance and economic policies of the GCC countries from 1970 to 2019. Then it presents ten-year dynamic stochastic projections from 2020 to 2030. The book examines debt sustainability and optimal fiscal policies, i.e., government spending and taxation. It also analyses structural issues such as savings and productivity, and from an institutional perspective, taking into account education, the labor market, and pension funds, as well as other factors that have a close effect on economic performance. The book is comprehensive and thorough, it relies on extensive econometric analyses, including rigorous time series analysis. The author uses both calibration of theoretical models and estimation, facilitating projections for the next decade of key economic variables under different policy scenarios. The book also assesses what the future of the GCC economies will look like if climate change and the COVID-19 pandemic continue to, adversely, affect oil supply and demand, and the price of oil, given their current policies and institutions. As well as scholars and researchers of economics and finance, the book will engage policymakers in central banks, treasury departments, planning councils, research institutes and think tanks"--
Petroleum industry and trade --- Gulf Cooperation Council. --- Persian Gulf --- Forecasting.
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"The Gulf Cooperation Council (GCC) countries are some of the richest and most dynamic emerging markets in the world. But it's a tough market! International companies must think seriously if they want to do business there - the barriers can be numerous and difficult. But the opportunities are phenomenal and rewarding. The key to success is to plan and take the right steps. This book shows how to do this by decoding, using case studies, and suggesting relevant solutions. For Judith Hornok, it's not about dry theories or mind games. Instead this book is based on numerous case studies drawn from the lives of well-known Arab and international business people. The reader can grasp the opportunities and avoid the pitfalls by knowing and understanding the Arab Business Code (ABC): "learning the A-B-Cs." This book offers a study with practical measures, a toolkit of easy-to-learn and simple-to-use techniques that pave the way for business success in the Gulf. Over fifteen years of research boiled down into a clearly structured, compact book. Judith Hornok presents the insights of her studies by decoding the behaviour of Arab business people in the Gulf using innovative techniques and new approaches, which can be easily implemented by the reader. For the first time Judith also presents her creations - the figures of The Seven Emotional Hinderers"--
Business etiquette --- Persian Gulf Region --- Social life and customs
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Over the last decades, GCC governments fostered the development of non-oil economies through large-scale public investments in the stocks of human and physical capital. This book takes a new look at economic diversification efforts by examining the impact of different public expenditure categories (capital, education, health) on non-oil GDP and labour productivity developments in the three GCC countries Bahrain, Oman and Qatar since the 1970s. Building both on an econometric analysis and detailed country studies, this book analyses not only whether public expenditure has been an important driver of overall non-oil economic growth but also how public expenditure impacted different potential sources of non-oil economic growth such as economy-wide investment or productivity levels. By elaborating the channels through which public expenditure tends to impact non-oil economic growth in Bahrain, Oman and Qatar, this book contributes to the academic and public debate about the effectiveness of ongoing diversification strategies in the GCC countries. -- Publisher description.
Economic development --- 2000-2099 --- Persian Gulf States --- Economic conditions
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The Arab world hasengaged in public relations for thousands of years, and the public relations literature provides multiple examples extending from ancient times. However, modern public relations is much more vaguely defined. This is partly because the research surrounding public relations practice in the Middle East remains sparse, especially in the Gulf Cooperation Council (GCC) countries. This book presents a clear picture of contemporary PR practice in this region, providing a background on the evolution of public relations in each GCC country. It shows how environmental factors (historical, cultural, socio-political, and economic) influence practice in the region. It also contributes to public relations scholarship, education, and practice worldwide by providing new perspectives to those unfamiliar with its practice in this region. This book will benefit scholars and practitioners alike through its informed analysis of the strengths and weaknesses of practice in the GCC countries, as well as being of great benefit to the development of professional practice in the region.
Public relations --- Persian Gulf States --- Politics and government
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This book offers insight into the motives behind Moscow’s behaviour in the Persian Gulf (with a specific focus on the GCC member states and Iran), considering Russia’s growing role in the Middle East and its desire to protect national interests using a wide range of means.
Gulf Cooperation Council. --- Iran --- Persian Gulf Region --- Russia (Federation) --- Foreign relations
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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 twenty 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. --- Economic policy. --- Politics and government. --- E-books
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Economics --- Knowledge economy --- Economic development --- Middle East --- Persian Gulf States --- Economic conditions.
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A bracing corrective to the myths that have shaped economic, military, and diplomatic policy, dispelling our oil-soaked fantasies of dependence. There is a conventional wisdom about oil—that the U.S. military presence in the Persian Gulf is what guarantees access to this strategic resource; that the "special" relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; and that these assumptions in turn provide Washington enormous leverage over Europe and Asia. Except, the conventional wisdom is wrong. Robert Vitalis debunks the myths to reveal "oilcraft," a line of magical thinking closer to witchcraft than statecraft. Oil is a commodity like any other: bought, sold, and subject to market forces. Thus, the first goal of this book is to expose the suspect fears of oil scarcity and conflict. The second goal is to investigate the significant geopolitical impact of these false beliefs. In particular, Vitalis shows how we can reconsider the question of the U.S.–Saudi special relationship, which confuses and traps many into unnecessarily accepting what they imagine is a devil's bargain. The House of Saud does many things for U.S. investors, firms, and government agencies, but guaranteeing the flow of oil, making it cheap, or stabilizing the price isn't one of them. Freeing ourselves from the spell of oilcraft won't be easy—but the benefits make it essential.
Petroleum industry and trade --- Energy industries --- Oil industries --- Political aspects --- Cold War. --- Middle East. --- Persian Gulf. --- Petroleum. --- Saudi Arabia. --- foreign policy. --- imperialism. --- primacy. --- racism. --- raw materials. --- United States --- Persian Gulf Region --- Foreign relations --- Strategic aspects.
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This book explores issues of rights, issues and challenges faced by Indian migrant workers in GCC countries.
Foreign workers, East Indian --- East Indians --- Emigrant remittances --- Return migration --- Social conditions. --- India --- Persian Gulf States --- Emigration and immigration.
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