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economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs … limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the … economies—fixing these incentives is the “missing link†in the GCC countries’ diversification strategies. At present …
Persistent link: https://www.econbiz.de/10011245892
As undiversified commodity exporters, GCC economies are prone to pro-cyclical systemic risk in the financial system. During periods of high hydrocarbon prices, favorable economic prospects make the financial sector keen to lend, leading to higher domestic credit growth and easier access to...
Persistent link: https://www.econbiz.de/10011245882
support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …
Persistent link: https://www.econbiz.de/10011242377
in Kuwait to continue to record high fiscal and external surpluses and build strong buffers. Overall real non-oil GDP …
Persistent link: https://www.econbiz.de/10011244802
This 2014 Article IV Consultation highlights that economic activity in Kuwait picked up in 2014. Non-oil growth is …
Persistent link: https://www.econbiz.de/10011244895
. Fiscal policy has a major role to play in supporting macrostability and diversification. The fiscal strategy design and …
Persistent link: https://www.econbiz.de/10011242685
investment for Kuwait under uncertainty. The results show that in the face of high oil income volatility and the expected decline …
Persistent link: https://www.econbiz.de/10011242728
The 2012 Article IV Consultation discusses the economic outlook for Kuwait for 2012, which is broadly positive …
Persistent link: https://www.econbiz.de/10011244073
Persistent link: https://www.econbiz.de/10010878426
In South Africa, long-term insurers experienced some strains during the financial crisis, but there were no crisis-related failures. The capital markets suffered sharp declines but no systemic failures. The three standards assessments have found the regulatory system fundamentally sound. The...
Persistent link: https://www.econbiz.de/10011244153