Cover Breaking the Oil Spell
Breaking the Oil Spell
The Gulf Falcons' Path to Diversification
Download PDF (4.4 MB) Download Epub

Abstract

The “Gulf Falcons”—the countries of the Gulf Cooperation Council—have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for the Gulf Falcons to diversify away from their current heavy reliance on oil exports. This book discusses attempts at diversification in the Middle East and North Africa and the complex choices policymakers face. It brings together the views of academics and policymakers to offer practical advice for future efforts to increase productivity growth.

Buy Book in Print
Author:
Reda Cherif
Search for other papers by Reda Cherif in
Current site
Google Scholar
PubMed Close
,
Fuad Hasanov
Search for other papers by Fuad Hasanov in
Current site
Google Scholar
PubMed Close
, and
Min Zhu https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Min Zhu in
Current site
Google Scholar
PubMed Close
Series:
Books
Publisher:
International Monetary Fund
Language:
English
Publication Date:
15 Apr 2016
DOI:
https://doi.org/10.5089/9781513537863.071
ISBN:
9781513537863
Pages:
212
Keywords:
BOOK; industry; country; GCC country; IMF's Middle East Center for Economics and Finance; economy; oil exporter; establishment of the CEF; natural resource boom; lessons Korea; Productivity; Oil; Exports; Global; East Asia; Middle East; Southeast Asia; North Africa; private sector; value chain; government failure; Manufacturing
Legal-disclaimer:
The views expressed in this book are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the IMF, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries.
  • Collapse
  • Expand