Economic Diversification in the Gulf Region, Volume II: Comparing Global Challenges (The Political Economy of the Middle East)

This volume explores the challenges to diversification in Gulf countries, which can no longer rely on profits from hydrocarbons to fund national expenditures. It elaborates on the problem of weak institutions, lack of coordination between policy makers and executors, limited investment in research and development, and a workforce that is too poorly skilled to compete in the private sector. In addition to analyzing issues in areas such as education, labor, business, and trade, the contributors underscore the importance of using global best practices to overcome fundamental weaknesses in the Gulf Cooperative Council's economic structure that limit opportunities for economic diversification.This is the second volume in __Economic Diversification in the Gulf Region__. Front Matter ....Pages i-xvii Challenges of Economic Diversification in the GCC Countries (Ashraf Mishrif)....Pages 1-19 Natural Resources and Economic Diversification: Evidence from the GCC Countries (Nouf N. Alsharif)....Pages 21-49 Oil Resources and Diversification in a Small Open Economy: The Case of Oman (Said Al Saqri)....Pages 51-65 Policy Implications of the UAE’s Economic Diversification Strategy: Prioritizing National Objectives (Sterling Jensen)....Pages 67-88 Dubai’s Model of Economic Diversification (Ashraf Mishrif, Harun Kapetanovic)....Pages 89-111 Diversification and Specialisation in the Gulf’s Digitised Creative Sectors (Náder Alyani)....Pages 113-145 Success Factors of Saudi-German Joint Ventures: A Meta-Analytical Approach (Maike Laska-Khalil)....Pages 147-177 GCC Countries’ Diversification and Industrial Development: Looking Beyond the Asian Model (Daisuke Yamamoto)....Pages 179-212 Economic Diversification in the GCC and the Korean Experience (Minju Lee)....Pages 213-239 Economic Diversification and Empowerment of Local Human Resources: Could Singapore Be a Model for the GCC Countries? (Veronika Cummings (née Deffner))....Pages 241-260 Back Matter ....Pages 261-266 This volume explores the challenges to diversification in Gulf countries, which can no longer rely on profits from hydrocarbons to fund national expenditures. It elaborates on the problem of weak institutions, lack of coordination between policy makers and executors, limited investment in research and development, and a workforce that is too poorly skilled to compete in the private sector. In addition to analyzing issues in areas such as education, labor, business, and trade, the contributors underscore the importance of using global best practices to overcome fundamental weaknesses in the Gulf Cooperative Council's economic structure that limit opportunities for economic diversification. This is the second volume in Economic Diversification in the Gulf Region.-- Provided by publisher