The Gcc Region

The Gcc Region
Author: AA.VV.
Publisher: EDUCatt - Ente per il diritto allo studio universitario dell'Università Cattolica
Total Pages: 130
Release: 2014-05-16
Genre: Political Science
ISBN: 8867802976

Economic Diversification in the GCC

Economic Diversification in the GCC
Author: Mr.Tim Callen
Publisher: International Monetary Fund
Total Pages: 32
Release: 2014-12-23
Genre: Business & Economics
ISBN: 1498303234

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.

Bridging the Gulf: EU-GCC Relations at a Crossroads

Bridging the Gulf: EU-GCC Relations at a Crossroads
Author: Silvia Colombo
Publisher: Edizioni Nuova Cultura
Total Pages: 358
Release: 2014-05-27
Genre: Political Science
ISBN: 8868122847

Relations between the European Union (EU) and the Gulf Cooperation Council (GCC) are at a crossroads. After the derailment of the negotiations for the Free Trade Agreement (FTA) in 2008, the cooperation between the two regional blocs has remained low-key in a number of different areas, while the unprecedented changes that have taken place in North Africa and the Middle East, the common neighbourhood of the EU and the GCC, have not led to a renewed, structured cooperation on foreign and security policy issues. This volume addresses the shortcomings and potential of EU-GCC relations by taking stock of their past evolution and by advancing policy recommendations as to how to revamp this strategic cooperation. In this light, it highlights the areas where greater room for manoeuvre exists in order to enhance EU-GCC relations, discusses the instruments available and sheds light on the features of the regional and international context that are likely to significantly influence the new phase in the mutual relation between the two blocs. The book is the result of the research conducted in the framework of the project ‘Sharaka – Enhancing Understanding and Cooperation in EU-GCC Relations’ co-funded by the European Commission.

Privatization and Deregulation in the Gulf Energy Sector

Privatization and Deregulation in the Gulf Energy Sector
Author: The Emirates Center for Strategic Studies and Research
Publisher: Emirates Center for Strategic Studies and Research
Total Pages: 28
Release: 1999-03-17
Genre: Antiques & Collectibles
ISBN:

The papers contained in this volume were among those presented at ECSSR's Third Annual Energy Conference, entitled "Privatization and Deregulation in the Gulf Energy Sector," held in Abu Dhabi, October 25-26, 1997. This conference united leading practitioners and scholars in an effort to explore the important micro and macro issues related to the privatization and deregulation of energy sector. Topics related to oil production and refining, gas and electricity production, and their transmission and distribution were discussed. This volume assesses the arguments for and against deregulation of the energy sector and highlights the political, legal, institutional, and resource requirements for successful implementation of a privatization program, drawing on international experience. Indeed, privatization is spreading globally after its small and uncertain beginnings in Britain in the early 1980s. Today, states of the Gulf Co-Operation Council (GCC) are actively examining the possibility of privatizing a number of key industries and infrastructure projects. The ideal route to prosperous and effective privatization programs is for the GCC states to learn from the mistakes of other countries in this field, while emulating the success stories.

Annual Book

Annual Book
Author: Emirates Center for Strategic Studies & Research
Publisher:
Total Pages: 346
Release: 2001
Genre:
ISBN:

The Development of Higher Education in the United Arab Emirates

The Development of Higher Education in the United Arab Emirates
Author: Daniel Kirk
Publisher: Emirates Center for Strategic Studies and Research
Total Pages: 30
Release: 2010-03-10
Genre: Antiques & Collectibles
ISBN: 9948142624

The UAE sits astride an uncomfortble dilemma in terms of national development and international profile. It seeks to be a regional and global power, both economically and politically, and to achieve this it needs to diversify and become less reliant on a workforce that is made up predominantly of expatriates, many of whom are employed because they have a level of education unavailable among the general citizenry. Alongside a rapid growth in public services and private commerce, education is a stated national priority, with the Ministry of Education setting out in its vision that education should achieve “enduring development for the community.” The UAE higher education sector is growing at an astonishing rate. However, the apparent dilemma results from the call for a rapid growth in educational provision, alongside the desire to produce a functioning and accessible education system in a relatively short time-frame. The UAE is a ‘consumer’ of educational practice, a nation that has a history of buying in the educational models and expertise it requires, as opposed to the lengthier, but possibly better suited, process of building an indigenous education system from the ground up. Developing a truly indigenous and new system to fit the needs of neophyte states – although laborious, expensive and problematic – does allow a nation to mold specifically the needs of the country with the educational systems developed. However, the UAE, through the model of ‘borrowing’ systems and expertise, was able to ‘kick-start’ the development of education in the country, greatly decreasing the time needed to establish formal educational structures. Such a situation may open up questions as to the suitability and efficacy of a predominantly imported educational provision for the indigenous population. The UAE, as a relatively new and emerging economy, has the funds and support of the national leadership to actively pursue and seek educational systems and practices that will advance development and competitiveness. To exam how globalized structures influence education in the UAE and beyond, there needs to be an understanding and awareness of the context in which the education sector functions today. As global economic forces and the labor needs of societies change, then accountability, control and governance of education becomes a contested area of public policy. However, what can be seen is that education is gaining in prominence in the public policy arena, with governments and politicians realizing that in order to be globally competitive, education must produce a skilled and efficient national workforce, placing education firmly in the realm of human capital theory and policy.

Political Legitimacy of the Minorities

Political Legitimacy of the Minorities
Author: P.R. Kumaraswamy
Publisher: Emirates Center for Strategic Studies and Research
Total Pages: 11
Release: 1998-06-01
Genre: Antiques & Collectibles
ISBN:

The treatment of Arab minorities has been a controversial and contentious issue in Israel. Both during the pre-state era and in its aftermath, the Arabs in Israel were seen primarily as a 'problem' to be tackled and a 'security threat' to be contained. The Arab population in erstwhile Palestine overnight lost its majority status and involuntarily acquired the citizenship of the Jewish state. They suddenly became an ethnic, national, linguistic, religious and cultural minority in a pre-dominantly Jewish state. The emergence of Israel in truncated Palestine was accompanied by political, social and psychological hardships for the Arabs. Was there a systematic policy of discrimination vis-à-vis the Arabs? The first section of this paper discusses the electoral system within which the Arab population operates. Because of the non-constituency nature of the elections, it is possible for a scattered electorate committed to a single political, social or economic agenda to send a representative to the Knesset. The newly introduced direct election of the prime minister has further enhanced the importance of the Arab electorate. The second section discusses the politicization of the Arab sector and the relative importance and performance of the Arab electorate in Israeli elections. The third section focuses on the process of legitimization of the Arab electorates and Arab-oriented parties under the Rabin-led Labor government. Following the 1992 elections, the Arabs emerged as a legitimate force in Israeli politics. For the first time, the Israeli government was willing to acknowledge the inequality between Jewish and non-Jewish citizens, and committed to seeking a remedy. The last section analyzes the role of the Arab voters in the closely contested 1996 elections, especially for the post of Prime Minister and represents a tentative projection for the future.

The Saudi Arabian Economy

The Saudi Arabian Economy
Author: Mohamed A Ramady
Publisher: Springer Science & Business Media
Total Pages: 501
Release: 2005-12-05
Genre: Business & Economics
ISBN: 0387249354

In this unique text, Mohamed Ramady develops a framework for studying fundamental challenges to the modern Saudi Arabian economy. Public and private sector topics include: - The hydrocarbon and minerals sector, including a new model of mining privatization and cooperation - The impact of small and medium sized businesses - The evolving role of "family" businesses - The growing role of women in the Saudi economy - Shifting trade patterns - The Saudi "offset" technology transfer program The author offers an analysis of key challenges facing the Saudi economy, including the potential costs and benefits of privatization, globalization, and eventual membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future. Mohamed Ramady teaches in the Department of Finance and Economics, King Fahd University of Petroleum and Minerals.

The Future of Oil and Fiscal Sustainability in the GCC Region

The Future of Oil and Fiscal Sustainability in the GCC Region
Author: Mr.Tokhir N Mirzoev
Publisher: International Monetary Fund
Total Pages: 55
Release: 2020-02-06
Genre: Business & Economics
ISBN: 1513525905

The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.