The Arab Gulf Economy in a Turbulent Age (Routledge Library Editions: The Economy of the Middle East) - Softcover

Beblawi, Hazem

Softcover

ISBN 10: 1138819999 ISBN 13: 9781138819993

Publisher: Routledge, 2018

Synopsis

The shock discovery of oil in the Gulf States thrust them from relative obscurity to the forefront of international finance and politics. It coincided with the breakdown of the international monetary system and the twin food and energy crisis, all of which helped to magnify the impact of the oil price increases. Yet, despite the continuing oil wealth enjoyed by the Gulf States, their economy has suffered some damaging blows in the recent past. The Iran―Iraq War has imposed a heavy burden on the Gulf countries which have contributed huge sums to Iraq. Internally, the Gulf economies have been hurt by the speculative boom generated by the unofficial stock-market in Kuwait which collapsed in the summer of 1982. This book, by an Arab economist long experienced in working in the Gulf economy, reviews the prospects for the region in the light of these external and internal problems and, drawing on the Kuwaiti example, suggests ways in which changes can be made.

First published in 1984.

About this edition

• Publisher: Routledge
• Publication date: 2018
• ISBN 10: 1138819999
• ISBN 13: 9781138819993
• Binding: Paperback
• Edition number: 1
• Number of pages: 252