GCC countries: from oil dependence to diversification
International Monetary Fund, Jan 1, 2003 - Business & Economics - 19 pages
This paper presents an overview of the unprecedented economic and social transformation witnessed by the member countries of the Cooperation Council of the Arab States of the Gulf (GCC)--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--over the last three decades.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
GCC Countries: From Oil Dependence to Diversification
Ugo Fasano-Filho,Zubair Iqbal
Limited preview - 2003
100 percent foreign 1ercent of 11 Balance 1ercent capital markets central bank challenges corporations Corporatized Dependence to Diversification domestic debt Emirates enterprise reform exchange and trade exchange rate expatriate workers expenditure Fasano and Zubair FATF fiscal consolidation fiscal policy foreign direct investment foreign investment framework GCC area GCC countries share GCC economies global government foreign assets help the GCC human capital IMF staff estimates implementing improve Including investment income income tax increase investors job seekers long-term market-based ment monetary policy monetary union money laundering National authorities natural gas non-oil growth Oil Dependence Oil exports oil price oil revenues Overall Fiscal percent foreign ownership percent of GDP private sector investment reduce reform and privatization regional integration regulatory Saudi Arabia steps stock market structural reform structural strengthening sustained tax on foreign telecommunications tion trade system U.S. dollar unemployment pressures United Arab Emirates United Arab Established volatile oil wage Zubair Iqbal