Life After Oil: The Survival Predicament of the Gulf Arab States
Mirza H. Alqassab
Aug 2020 · Troubador Publishing Ltd
Ebook
200
Pages
About this ebook
The Gulf Arab states became rich by accident. Their golden ticket was oil, which has become the lifeblood of their social and economic systems. But they are prone to become a ‘vanishing Eden’, if the oil curse endures further and economic transformation remains a mirage.
LIFE AFTER OIL highlights the economic vulnerability of the Gulf states after the oil party ends. The region depends heavily on imports financed by petrodollars. So, when demand for oil sinks and prices plummet, or when oil and gas reserves ultimately vanish, their survival will be extremely challenged.
LIFE AFTER OIL raises the alarm to the impending survival challenges to face the burgeoning Gulf societies in the post-oil era, and tackles the ultimate question: what will the future look like?
LIFE AFTER OIL highlights the economic vulnerability of the Gulf states after the oil party ends. The region depends heavily on imports financed by petrodollars. So, when demand for oil sinks and prices plummet, or when oil and gas reserves ultimately vanish, their survival will be extremely challenged.
LIFE AFTER OIL raises the alarm to the impending survival challenges to face the burgeoning Gulf societies in the post-oil era, and tackles the ultimate question: what will the future look like?
About the author
MIRZA H. ALQASSAB has witnessed first-hand the Gulf socio-economic transformation induced by oil. With an MSc in economics from the University of Oregon, US, his 40-year professional career covered the oil industry, money and banking, academic teaching and managing businesses, and spanned various countries including Bahrain, Qatar, Kuwait, UAE, Malaysia, Singapore and Egypt. He currently resides in Bahrain.
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