| 来源类型 | Report
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| 规范类型 | 报告
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| Mapping economic diversification across the Gulf Cooperation Council |
| Karen E. Young
|
| 发表日期 | 2019-09-13
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| 出版年 | 2019
|
| 语种 | 英语
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| 摘要 | Key Points
The economies of the Gulf Cooperation Council (GCC) remain heavily reliant on natural resource revenue as a source of government spending and a driver of growth.
Diversification efforts now often include new ways to generate revenue through state investments in energy projects abroad (including refining and petrochemical production) and national oil companies.
Since 2015, the GCC countries have become more competitive with each other in altering their policy landscapes to streamline fiscal expenditure and attract foreign investment and resident investors. There is significant variation in policy approaches to foreign labor and tax.
Each of these governments faces enormous strains on public finances and challenging economic outlooks, due to depressed oil prices, demographic pressures, high unemployment rates, and a lack of economic diversification. Debt has become a tool of choice, but the capacity to repay and the capacity to grow are both beginning to differentiate the GCC states.
See the Gulf Economic Policy Tracker.
Introduction
The countries of the Gulf Cooperation Council (GCC)—Bahrain, the Kingdom of Saudi Arabia, Kuwait, Oman, Qatar, and the United Arab Emirates (UAE)—have some of the same problems they had 40 years ago. They are reliant on natural resources as a primary source of fiscal revenue. Their populations expect a range of social services and patronage from the state and its ruling families. Further, they have little private-sector dynamism and productivity,1 as the state tends to dominate local economies. These problems are not new, but the pressures of population growth and expectations of intergenerational equity have put economic policy at the center of state capacity.
Read the full report.
Notes |
| 主题 | Foreign and Defense Policy
; Middle East
|
| 标签 | Economic Development
; Gulf Cooperation Council
; oil
|
| URL | https://www.aei.org/research-products/report/mapping-economic-diversification-across-the-gulf-cooperation-council/
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| 来源智库 | American Enterprise Institute (United States)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/206720
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推荐引用方式
GB/T 7714 |
Karen E. Young. Mapping economic diversification across the Gulf Cooperation Council. 2019.
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文件名：
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Mapping-economic-diversification-across-the-Gulf-Cooperation-Council.pdf
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格式：
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Adobe PDF
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