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Economic Diversification in the GCC

Economic Diversification in the GCC »

Source: Economic Diversification in the GCC : Past, Present, and Future

Volume/Issue: 2014/12

Series: Staff Discussion Notes

Author(s): Tim Callen , Reda Cherif , Fuad Hasanov , Amgad Hegazy , and Padamja Khandelwal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2014

ISBN: 9781498303231

Keywords: Export diversification, Exports, Bahrain, Cooperation Council for the Arab States of the Gulf, Cross country analysis, Economic growth, Oil revenues, Oman, Private sector, Saudi Arabia

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 m...

IV. Remaining Reform Issues

IV. Remaining Reform Issues »

Source: Financial Systems and Labor Markets in the Gulf Cooperation Council Countries

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 1997

ISBN: 9781557757128

Keywords: labor market, employment, labor force, financial institutions, financial systems

As highlighted above, the GCC countries have already completed most of the crucial stages in their gradual process of liberalization and reform of their financial sectors. Nevertheless, there are some outsta...

3. The Macroeconomic Impact of Migration

3. The Macroeconomic Impact of Migration »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

3.1 Introduction The dominance of foreigners in the labor force of the GCC countries is a very peculiar characteristic of these economies and one that has many macroeconomic conseque...