| 000 | 02906nam a22003017a 4500 | ||
|---|---|---|---|
| 999 |
_c30152 _d30152 |
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| 010 | _a 2013943976 | ||
| 020 | _a9780199683796 | ||
| 020 | _a0199683794 (hbk.) | ||
| 082 | 0 | 4 | _a330.953054 |
| 100 | 1 |
_aEspinoza, Raphael _947109 |
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| 245 | 1 | 4 |
_aThe macroeconomics of the Arab States of the Gulf _cRaphael Espinoza, Ghada Fayad and Ananthakrishnan Prasad |
| 250 | _a1st ed. | ||
| 260 |
_aOxford, UK: _bOxford University Press, _cc2013. |
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| 260 | _c©2013 | ||
| 300 |
_axvii, 186 p. : _bill. ; _c25 cm. |
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| 504 | _aIncludes bibliographical references and index. | ||
| 520 | _aThe economies of the Arab states of the Gulf have gone through considerable changes in the last decade, spurred by high oil prices and ambitious diversification plans. Large-scale immigration provided the labour force while capital inflows and financial development leveraged oil wealth to finance diversification. The collapse in real estate prices around the world followed by the global crisis slowed growth and raised questions on the appropriateness of what has been dubbed the 'GCC model'. The Gulf Cooperation Council (GCC) countries have thus far managed to leverage their large natural resource wealth to achieve economic prosperity and finance social advances, and the region also emerged as an important source of funds for the other countries in the Middle East. Nevertheless, the GCC face several challenges. Productivity growth must increase to fully reap the benefits of investment. Jobs must be created for the nationals and the growing youth population. State intervention (which is prevalent, given that oil revenues accrue to the government) must become efficient and be used to diversify and modernize the economy. In addition, the recent crisis highlighted the importance of fiscal, monetary, and financial stability policies to manage macroeconomic cycles. This book analyses these issues and combines data and econometric analysis with theoretical discussions. It concludes with a discussion of the importance of the GCC for the wider region. | ||
| 650 | 0 |
_aEconomic development _zPersian Gulf States _xHistory _y21st century _947110 |
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| 650 | 0 |
_aEconomic development _zSaudi Arabia _xHistory _y21st century _947111 |
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| 650 | 0 |
_aMacroeconomics _91071 |
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| 700 | 1 |
_aFayad, Ghada, _d1981- _947112 |
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| 700 | 1 |
_aPrasad, Ananthakrishnan _947113 |
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| 856 |
_uhttps://uowd.box.com/s/0ir0ubwal24hklzdjezt3nvqivsmtlf5 _zLocation Map |
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