Gulf states plan for day that oil runs dry /
KOCH Christian
Gulf states plan for day that oil runs dry / Christian Koch - 2006
The GCC states are enjoying dramatic increases in revenues and many have huge budget surpluses from high oil prices. However as government spending is currently the driving force of economic activity the states are looking to economic diversification against the day when oil runs out - Bahrain and Oman each have less than 15 years of reserves at present production levels. This article argues that economic diversification alone is not enough, political and social reforms will also be required.
GULF STATES--ECONOMIC GROWTH
GULF STATES--REGIONAL SECURITY
GLUF STATES--ECONOMIC DIVERSIFICATION
Gulf states plan for day that oil runs dry / Christian Koch - 2006
The GCC states are enjoying dramatic increases in revenues and many have huge budget surpluses from high oil prices. However as government spending is currently the driving force of economic activity the states are looking to economic diversification against the day when oil runs out - Bahrain and Oman each have less than 15 years of reserves at present production levels. This article argues that economic diversification alone is not enough, political and social reforms will also be required.
GULF STATES--ECONOMIC GROWTH
GULF STATES--REGIONAL SECURITY
GLUF STATES--ECONOMIC DIVERSIFICATION