economic diversification. Over the last decades, GCC governments fostered the development of non-oil economies through large …-scale public investments in the stocks of human and physical capital. This book takes a new look at economic diversification … debate about the effectiveness of ongoing diversification strategies in the GCC countries.” (Publisher's description) …

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, producing …