Callen, Tim; Cherif, Reda; Hasanov, Fuad; Hegazy, Amgad; … - International Monetary Fund (IMF) - 2014
economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs … economies—fixing these incentives is the “missing link†in the GCC countries’ diversification strategies. At present … limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the …