In the wake of high and rising oil prices since 2003, the member states of the Gulf Cooperation Council (GCC) have seen dynamic economic development, enhancing their role in the global economy as investors and trade partners. Real GDP growth has been buoyant, with non-oil activity expanding...

Der Autor arbeitete von 2008 bis 2010 für das Handelsblatt in Dubai. Der Begriff "Diversifizierung" bestimmt sein Buch. Die Anstrengungen der Emirate und Saudi-Arabiens, sich auf die Zeit nach dem "schwarzen Gold" vorzubereiten und die Mittel, die sie dazu bereitstellen, sind gewaltig. Der...

In the wake of high and rising oil prices since 2003, the member states of the Gulf Cooperation Council (GCC) have seen dynamic economic development, enhancing their role in the global economy as investors and trade partners. Real GDP growth has been buoyant, with non-oil activity expanding...

Contemporary policy debates on the macroeconomics of resource booms often concentrate on the short-run Dutch disease effects of public expenditure ignoring the possible long-term effects of alternative revenue-allocation options and the supply-side impact of royalty-financed public investments....