This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future.
Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term.
But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration.
The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.
Giacomo Luciani teaches at the Graduate Institute of International and Development Studies in Geneva, and at the Paris School of International Affairs, Sciences Po in Paris. His edited book The Rentier State (1987, with H. Beblawi), is frequently cited as reference for the concept. His latest edited book, Combining Economic and Political Development (2017), discusses economic policies to support democratic transitions and is available in open access.Tom Moerenhout teaches at Columbia University’s School of International and Public Affairs and is a scholar at SIPA’s Center on Global Energy Policy. He is involved as a practitioner on energy sector and structural reforms through his work as a consultant for the World Bank, International Institute for Sustainable Development and Bill & Melinda Gates Foundation, among others.
This book is included in DOAB.
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- Climate Strategy for Producer Countries
- Economic Diversification in the MENA
- Economic Diversification Through Energy Sector Reform
- Economic Sustainability and the Energy Transition
- Economic sustainability in resource-rich states
- Economic Transformation vs. Diversification
- Economics, finance, business & management
- Economy-wide Country Studies
- Energy industries & utilities
- Energy Policy, Economics and Management
- Energy Pricing Reform in the Gulf Region
- Energy technology & engineering
- Environmental economics
- Environmental Social Sciences
- Fiscal dimensions of Economic Sustainability
- Gulf Economic Diversification and Sustainable Development
- Hydrocarbon Endowment in the Gulf Region
- Inclusive Growth in the Gulf Region
- International Political Economy
- International relations
- Labour Market dimensions of Economic Sustainability
- Middle East
- Middle Eastern and North African Economics
- Middle Eastern Politics
- Natural Resource and Energy Economics
- New Global Oil Order
- Normalizing the Saudi Economy
- Oil and Economic Diversification
- open access
- Peak Oil and the Energy Transition in the MENA
- Political Economy
- Political Economy of Diversification
- Politics & government
- Saudi Private Sector’s Contribution to Fiscal Sustainability
- Society & Social Sciences
- Sustainability of GCC Development
- Sustainable development
- Technology, engineering, agriculture
- The environment