Resources Blessed: Diversification and the Gulf Development Model

doi:10.1017/9783940924070

Resources Blessed

Diversification and the Gulf Development Model

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Edited by Giacomo Luciani

Publisher:: Gerlach Books
Online publication date:: August 2025
Print publication year:: 2013
Online ISBN:: 9783940924070
DOI:: https://doi.org/10.1017/9783940924070

Subjects:: Economics, International Economics, Natural Resource and Environmental Economics
Series:: Gulf Studies

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The Gulf countries have adopted a unique combination of policies to encourage diversification with largely positive results, while there are significant distinctions between the individual cases. This work evaluates various examples to show the extent to which the Gulf economies have diversifed to date, and how results can be measured, taking into consideration factors such as composition of GDP or exports; government services; and the categorization of industrial activities downstream of resources extraction (oil refining, petrochemicals) and their availability (aluminium, phosphates, iron, steel, glass and other energy- and resource-intensive industries). This work brings together state-of-the-art analysis by international scholars who participated in a major joint initiative by the EU and the GCC, the al-Jisr Gulf-Europe Research Program.

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Resources Blessed

Diversification and the Gulf Development Model

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Contents

Frontmatter
pp i-vi

Contents
pp vii-viii

Acknowledgements
pp ix-xii

List of Figures
pp xiii-xiv

List of Tables
pp xv-xviii

List of Acronyms and Abbreviations
pp xix-xxiv

Introduction - The Resource Curse and the Gulf Development Challenge
pp 1-28

Chapter 1 - Conceptual Problems of Measuring Economic Diversification, as Applied to the GCC Economies
pp 29-70

Chapter 2 - Saudi Arabia’s Economic Diversification: Progress and Challenges in the Context of the GCC
pp 71-94

Chapter 3 - Domestic Pricing of Energy and Industrial Competitiveness
pp 95-114

Chapter 4 - Public Industry as Tool of Rentier Economy Diversification: The GCC Case
pp 115-138

Chapter 5 - GCC Industrial Development
pp 139-182

Chapter 6 - GCC Refining and Petrochemical Sectors in Global Perspective
pp 183-212

Chapter 7 - The GCC Aluminum Industry –The Development of Aluminum Production Capacity in the Middle East
pp 213-232

Chapter 8 - Logistics and Economic Development in the GCC
pp 233-254

Chapter 9 - The Potential Impact of an EU-GCC FTA: A Benchmarking Exercise
pp 255-282

References
pp 283-300

List of Contributors
pp 301-304

Index of Names
pp 305-319

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Diversification and the Gulf Development Model

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