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Springer - GCC Economic Development and Diversification Book

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Description

This Springer publication examines the economic evolution of the six Gulf Cooperation Council (GCC) countries. Since the 1960s, these nations have used oil wealth to build massive infrastructure and expand their economies. However, the heavy reliance on oil as a primary output source has left these states vulnerable to global price swings. This book explores the transition from rentier states to diversified economies. It addresses the serious challenges posed by falling oil prices and the potential depletion of natural resources. Readers will gain insight into how the GCC region manages economic volatility and works toward long-term stability through diversification strategies.

Key Features

This Springer book examines the economic development of the six Gulf Cooperation Council (GCC) countries.

The text analyzes how GCC states have used oil wealth since the 1960s to build infrastructure and grow economies.

It addresses the economic vulnerability caused by high dependency on oil as a primary source of output.

The content covers the challenges of global oil price fluctuations and the threat of natural resource depletion.

This volume is part of the Gulf Studies series, specifically identified as volume 1.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
03 May 2022
Listed Since
30 September 2021

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