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The Emergence of Modern Kuwait

In: The Economy of Kuwait

Author

Listed:
  • M. W. Khouja
  • P. G. Sadler

Abstract

The emergence of Kuwait’s modern economy goes back to 1946 when the first oil shipment was exported. The country’s growth since then has largely mirrored the smooth and swift exploitation of its vast oil reserves. Within a span of no more than fifteen years its population came to enjoy living standards normally considered the prerogative of the most developed among the industrialised countries. The pattern of growth that Kuwait has experienced since 1946, the development of its infrastructure, institutions and the welfare system that has evolved are unparalleled in modern history. This chapter is thus devoted to analysing the main features of the country’s economic growth and development as the commercial production of oil commenced and the modern economy of Kuwait began to evolve.

Suggested Citation

  • M. W. Khouja & P. G. Sadler, 1979. "The Emergence of Modern Kuwait," Palgrave Macmillan Books, in: The Economy of Kuwait, chapter 3, pages 25-36, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03500-7_3
    DOI: 10.1007/978-1-349-03500-7_3
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