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Energy and Economic Diversification in the UAE

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Author :
Release : 2018
Genre : Energy industries
Kind : eBook
Book Rating : 556/5 ( reviews)

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Book Synopsis Energy and Economic Diversification in the UAE by : Sameena Hameed

Download or read book Energy and Economic Diversification in the UAE written by Sameena Hameed. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Diversification in the GCC

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Release : 2014-12-23
Genre : Business & Economics
Kind : eBook
Book Rating : 234/5 ( reviews)

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Book Synopsis Economic Diversification in the GCC by : Mr.Tim Callen

Download or read book Economic Diversification in the GCC written by Mr.Tim Callen. This book was released on 2014-12-23. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been 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 non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.

Economic Development in the Gulf Cooperation Council Countries

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Release : 2020-10-26
Genre : Political Science
Kind : eBook
Book Rating : 587/5 ( reviews)

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Book Synopsis Economic Development in the Gulf Cooperation Council Countries by : Héla Miniaoui

Download or read book Economic Development in the Gulf Cooperation Council Countries written by Héla Miniaoui. This book was released on 2020-10-26. Available in PDF, EPUB and Kindle. Book excerpt: This book delves into the economic development of the six Gulf Cooperation Council (GCC) countries. Since the 1960s, the GCC states have harnessed their potential to exploit the wealth accrued from the oil boom to build their infrastructure and grow their economies. However, the high level of dependency on oil as the primary source feeding their output made their economies volatile and vulnerable to fluctuations in the global oil prices. Moreover, the plunge in oil prices and the threat of depletion of this natural resource pose serious challenges to the GCC countries. Consequently, the GCC governments have realized the importance of diversifying their economies following the need to move away from reliance on hydrocarbon. This book contributes to the theoretical literature by enriching the debate on the transition of the GCC countries from rentier states to diversified economies. It helps students and scholars understand this transformation with an expansive comprehension of the contemporary challenges facing the region, as well as outlining prospects for the future.

Energy Transitions in the Middle East

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Release : 2024-01-25
Genre : Political Science
Kind : eBook
Book Rating : 395/5 ( reviews)

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Book Synopsis Energy Transitions in the Middle East by : Katherine Wolff

Download or read book Energy Transitions in the Middle East written by Katherine Wolff. This book was released on 2024-01-25. Available in PDF, EPUB and Kindle. Book excerpt: How do Middle East energy transitions fit into international energy markets? In this book, energy analysts, geopolitical experts and specialists of political economy examine the new energy potential in the Middle East. The particular focus surrounds how the region's access to finance, combined with the new global regulations and considerations of economic development, shape the region's energy transitions overall. The Middle East is revealed to be a key site of new energy production, sharing and transmission as well as technology innovation. At the same time, the authors examine the variables that determine the success in each country and energy source, including the advantages that hydrocarbon producers will have in renewables and transition fuels, and the risk that these might slow down the energy transition overall. In doing so, the book situates the energy transition in the Middle East in a broader context of economic development, financing models, and regulations, and explains how this context interacts with the development of new energy sources. Energy Transitions in the Middle East is an account of the challenges Middle Eastern states will face in navigating the global energy transition, as well as their key areas of opportunity.

Ecological Modernization in the United Arab Emirates?

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Author :
Release : 2021-07-19
Genre : Business & Economics
Kind : eBook
Book Rating : 297/5 ( reviews)

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Book Synopsis Ecological Modernization in the United Arab Emirates? by : Helena Rietmann

Download or read book Ecological Modernization in the United Arab Emirates? written by Helena Rietmann. This book was released on 2021-07-19. Available in PDF, EPUB and Kindle. Book excerpt: In 2006, the United Arab Emirates initiated the Masdar City project, which was a pre-planned eco-city concentrating on the development and promotion of renewable energy, water and waste management, sustainable building, transportation, and material efficiency. It was the flagship project of what the government considered to be a widespread environmental reform process. This study examines the Masdar City project applying the analytical framework of "ecological modernization" with the help of five "factors", which help to investigate the ongoing reform process. The study finds that Masdar City is more accurately described as an outcome of the Abu Dhabi government’s economic diversification strategy. The project is subject to the political and economic interests of the emirate’s ruling family. Environmental groups operating within the emirate are connected to the government and pursue policy targets determined by the government.

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