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Author: Andreas Rostin Publisher: GRIN Verlag ISBN: 3638799387 Category : Business & Economics Languages : en Pages : 46
Book Description
Seminar paper from the year 2004 in the subject Business economics - Economic Policy, grade: 1,3, Georgetown University, course: Economics of the Middle East, 19 entries in the bibliography, language: English, abstract: Over the past 35 years, the seven emirates comprising the United Arab Emirates (UAE) have experienced unprecedented economic development. The immeasurable inflow of petrodollars since the first oil crisis in 1973 has transformed the UAE from one of the poorest countries in the world into one with a standard of living comparable to the countries of Western Europe and North America. However, with crude oil and natural gas reserves diminishing steadily, income from these two natural resources will not continue to flow indefinitely. It is questionable whether economic growth in the emirates can be sustained when oil extraction and exports decline. Recent efforts to diversify the UAE's economic activity and thereby lessen the country's dependency on oil and natural gas have had a certain degree of success. At the same time, however, the federal government has been unable to broaden its revenue base to include income from non-hydrocarbon activities, a step seen as essential for guaranteeing sustained economic prosperity. This essay will cast an eye on the economic and social transformation that has taken place in the emirates, focusing heavily on the question of sustainability. It will begin by outlining the effects that the oil windfall has had on the UAE's development over the past three decades. Then it will emphasize the importance of economic and fiscal diversification and point to success and failure in attempting this structural transition. It will analyze the inhabitants' apparent reluctance to change and attempt to give reasons for this phenomenon. Finally, it will offer suggestions for achieving a foundation for sustained economic growth in view of continuously decreasing oil reserves.
Author: Andreas Rostin Publisher: GRIN Verlag ISBN: 3638799387 Category : Business & Economics Languages : en Pages : 46
Book Description
Seminar paper from the year 2004 in the subject Business economics - Economic Policy, grade: 1,3, Georgetown University, course: Economics of the Middle East, 19 entries in the bibliography, language: English, abstract: Over the past 35 years, the seven emirates comprising the United Arab Emirates (UAE) have experienced unprecedented economic development. The immeasurable inflow of petrodollars since the first oil crisis in 1973 has transformed the UAE from one of the poorest countries in the world into one with a standard of living comparable to the countries of Western Europe and North America. However, with crude oil and natural gas reserves diminishing steadily, income from these two natural resources will not continue to flow indefinitely. It is questionable whether economic growth in the emirates can be sustained when oil extraction and exports decline. Recent efforts to diversify the UAE's economic activity and thereby lessen the country's dependency on oil and natural gas have had a certain degree of success. At the same time, however, the federal government has been unable to broaden its revenue base to include income from non-hydrocarbon activities, a step seen as essential for guaranteeing sustained economic prosperity. This essay will cast an eye on the economic and social transformation that has taken place in the emirates, focusing heavily on the question of sustainability. It will begin by outlining the effects that the oil windfall has had on the UAE's development over the past three decades. Then it will emphasize the importance of economic and fiscal diversification and point to success and failure in attempting this structural transition. It will analyze the inhabitants' apparent reluctance to change and attempt to give reasons for this phenomenon. Finally, it will offer suggestions for achieving a foundation for sustained economic growth in view of continuously decreasing oil reserves.
Author: Ludovico Alcorta Publisher: Oxford University Press ISBN: 0192590375 Category : Business & Economics Languages : en Pages : 688
Book Description
New Perspectives on Structural Change is a comprehensive edited volume that outlines both the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field. The volume consists of four main sections. The first section covers the theoretical foundations of the structural change literature. The second section presents an empirical overview of the major trends of structural change, using up-to-date data sources and methods. The third section presents a broad ranging empirical analysis of the drivers of structural change. The fourth section examines how processes such as inclusive growth, poverty reduction, productive employment, the global income distribution, and environmental sustainability are affected by structural change, and how they can be influenced by policy.
Author: Mr.Saíd El-Naggar Publisher: International Monetary Fund ISBN: 1557750424 Category : Business & Economics Languages : en Pages : 288
Book Description
This seminar volume, edited by Said El-Naggar, examines the challenge that Arab countries with large public sectors face in placing the privatization process within the wider context of structural change.
Author: Carlos Lopes Publisher: Routledge ISBN: 0429791674 Category : Political Science Languages : en Pages : 252
Book Description
Debates on African development continue to downplay the achievement of the continent: economic achievements are diminished and the perception of a conflict prone continent continues. Many of the policy prescriptions externally imposed on African countries have done little to transform the continent largely because they have been conceived and applied without context. Using literature from diverse origins, this book expands our knowledge about Africa and makes practical suggestions as to how successful development in a complex, yet dynamic continent can be achieved. Widening the policy dialogue and providing alternative thinking on the key elements and full extent of opportunities and challenges towards achieving the socio-economic transformation of Africa, the book moves the debate from the rhetoric to reality. As a considered reflection on the ‘Africa’s transformation’ narrative, it outlines the practical pathways necessary for Africa’s sustainable development, providing policy makers and researchers with tested solutions. It will be of interest to all scholars, students and policy professionals working in African development, public policy, international political economy, economic policy and politics.
Author: Ibrahim Abed Publisher: Trident Press Ltd ISBN: 9781900724470 Category : United Arab Emirates Languages : en Pages : 332
Book Description
An authoritative and wide-ranging book uncovering the rich heritage of the United Arab Emirates, its political renaissance and its modern transformation into one of the most developed nations in the world.
Author: Vladik Kreinovich Publisher: Springer ISBN: 3030042634 Category : Technology & Engineering Languages : en Pages : 776
Book Description
This book focuses on structural changes and economic modeling. It presents papers describing how to model structural changes, as well as those introducing improvements to the existing before-structural-changes models, making it easier to later on combine these models with techniques describing structural changes. The book also includes related theoretical developments and practical applications of the resulting techniques to economic problems. Most traditional mathematical models of economic processes describe how the corresponding quantities change with time. However, in addition to such relatively smooth numerical changes, economical phenomena often undergo more drastic structural change. Describing such structural changes is not easy, but it is vital if we want to have a more adequate description of economic phenomena – and thus, more accurate and more reliable predictions and a better understanding on how best to influence the economic situation.
Author: Célestin Monga Publisher: Oxford University Press, USA ISBN: 0198793847 Category : Economic development Languages : en Pages : 741
Book Description
The Oxford Handbook of Structural Transformation addresses the economics of structural transformation around the world. It deals with major themes, which include history and context, critical issues and concepts, methodological foundations, main theoretical approaches, policy issues, some illuminating country experiences of structural transformation, and important debates on the respective roles of the market and the state in that process. The historical record provides a challenge for economists to understand the success of the rising economic powers (some of them initially considered unlikely candidates for prosperity) and the stagnation or decline of others. Five major questions emerge: DT Why has so much divergence occurred among nations of the world since the Industrial Revolution, and particularly during the 20th century? DT Why has the pattern changed recently with the emergence of a few developing economies (e.g. the multi-polar world), and can it be sustained? DT What are the key drivers, strategies, and policies, to foster structural transformation in various different country contexts and in a constantly evolving global economy? DT How could low- and middle-income countries avoid development traps and learn from past experiences whilst exploiting the new opportunities offered by the Fourth Industrial Revolution? DT What is the role of various development stakeholders and other important players in facilitating sustained economic convergence among nations? This book addresses these questions, bringing the rigor, usefulness, and multi-disciplinary scope of the Oxford Handbook series to a critical topic in economics. The Oxford Handbook of Structural Transformation is an essential reference work and a stimulus to new research and creativity across all branches of the social sciences.
Author: Martin Andersson Publisher: Oxford University Press ISBN: 0198737408 Category : Business & Economics Languages : en Pages : 301
Book Description
The book discusses different possibilities for, and obstacles to, economic development in lower income countries in Asia, Latin America, and Sub-Saharan Africa. It asks what lessons can be learned from previous success cases and assesses whether the growth of developing countries over the last decades can be sustained. It pays attention to actual processes of development over the long-term to shed light on prospects for global development today.
Author: Andreas Rostin
Author: Andreas Rostin
Author: Ludovico Alcorta
Author: Mr.Saíd El-Naggar
Author: P.J. Lloyd
Author: Carlos Lopes
Author: Ibrahim Abed
Author: International Monetary
Author: Vladik Kreinovich
Author: Célestin Monga
Author: Martin Andersson