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Policies and Economic Potential in the Countries of the Gulf Cooperation Council

In: Economic Challenges Facing Middle Eastern and North African Countries

Author

Listed:
  • Hossein Askari
  • Maha Bazzari
  • William Tyler

Abstract

To ensure long-term economic security, countries whose economies are based on depletable resources must adopt policies that will enable them to maintain their standards of living after the resource is exhausted. For the countries of the Gulf Cooperation Council (GCC), development of a viable private sector to replace the public sector’s large contribution to national output from oil is essential. Future prospects for these countries will be bleak unless appropriate policies are put in place before oil resources are exhausted.

Suggested Citation

  • Hossein Askari & Maha Bazzari & William Tyler, 1998. "Policies and Economic Potential in the Countries of the Gulf Cooperation Council," Palgrave Macmillan Books, in: Nemat Shafik (ed.), Economic Challenges Facing Middle Eastern and North African Countries, chapter 12, pages 225-255, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26124-6_12
    DOI: 10.1007/978-1-349-26124-6_12
    as

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