G2TT
来源类型Article
规范类型评论
UAE diversification strategy lags despite growth in oil sector
Karen E. Young
发表日期2019-08-06
出版年2019
语种英语
摘要The United Arab Emirates is a leader in economic diversification across the Gulf Cooperation Council (GCC), but even the UAE is struggling to grow. The post-2014 lower oil-price environment continues to weigh down economic activity across the Gulf states. Tanker threats and tensions in the Persian Gulf may exacerbate already sluggish non-oil and private sector growth, making economic interests a motivating factor in possible Emirati deescalation talks with Iran. Oil is still king in the economies of the GCC states, and even its most diversified members take heed at a threat to their primary source of economic activity. There has been little silver lining to the increasing political risk in the Persian Gulf, as oil prices have been stubbornly low. Diversification efforts combined with fiscal reforms of reduced subsidies of fuel and electricity, new taxes and fees have failed to counterbalance the decline in oil revenues. The softer side of Gulf economies, non-oil GDP, is dependent on foreign investment, tourism and expatriate labor and is especially sensitive to political risk. The result is a stalemate in which diversification efforts lag and oil dependency deepens, but oil is even less reliable as a long-term economic growth strategy. Read More Diversification efforts combined with fiscal reforms of reduced subsidies of fuel and electricity, new taxes and fees have failed to counterbalance the decline in oil revenues. The softer side of Gulf economies, non-oil GDP, is dependent on foreign investment, tourism and expatriate labor and is especially sensitive to political risk. The result is a stalemate in which diversification efforts lag and oil dependency deepens, but oil is even less reliable as a long-term economic growth strategy.
主题Foreign and Defense Policy ; Economics ; International Economics ; Middle East
标签economic risk ; Financial reform ; government spending ; oil ; Persian Gulf
URLhttps://www.aei.org/articles/uae-diversification-strategy-lags-oil-sector/
来源智库American Enterprise Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/266228
推荐引用方式
GB/T 7714
Karen E. Young. UAE diversification strategy lags despite growth in oil sector. 2019.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Karen E. Young]的文章
百度学术
百度学术中相似的文章
[Karen E. Young]的文章
必应学术
必应学术中相似的文章
[Karen E. Young]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。