"Once just sleepy desert sheikdoms, the Arab Gulf states of Saudi Arabia, Oman, the United Arab Emirates, Qatar, Bahrain, and Kuwait now exert unprecedented influence on international affairs--the result of their almost unimaginable riches in oil and gas. In this book, Rory Miller, an expert in...

Awaiting a miracle -- The double-edged sword -- Determined to diversify -- Reaping the demographic dividend -- Greasing the wheels of exchange -- Build it and they will come -- All together now? -- The imperative of change -- Navigating choppy waters -- Charting the way forward.

The paper provides an overview of the key challenges, which face GCC countries in their efforts to attain sustainable growth and development. Their capacity to diversify the economy outside the energy sector, youth unemployment and labor market imbalances represent good examples for these...

This Country Economic Memorandum (CEM), prepared in collaboration with the Turkish authorities, summarizes recent accomplishments in achieving high growth and analyzes remaining public policy challenges and options available to the authorities to meet these challenges. The country seeks to...