Economic Diversification in Oil-Exporting Arab Countries

Released on by International Monetary Fund
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  • Economic Diversification in Oil-Exporting Arab Countries Book Detail

  • Author : International Monetary Fund
  • Release Date : 2016-04-29
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 41
  • ISBN 13 : 1498345697
  • File Size : 76,76 MB
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Economic Diversification in Oil-Exporting Arab Countries by International Monetary Fund PDF Summary

Book Description: countries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges. The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations. Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...

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Economic Diversification in the GCC

Economic Diversification in the GCC

File Size : 72,72 MB
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Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their expo