Overview
- This is an Open Access Book
- The first systematic discussion of what makes an oil economy sustainable
- Debunks commonly held notions of what makes an oil economy sustainable
- Highlights which oil economies are making progress towards sustainability
- Questions if all oil economies necessarily doomed to fail
Part of the book series: The Political Economy of the Middle East (PEME)
Buy print copy
Tax calculation will be finalised at checkout
Table of contents (14 chapters)
-
Front Matter
Keywords
- Open Access
- Sustainability of GCC Development
- New Global Oil Order
- Economic sustainability in resource-rich states
- Gulf Economic Diversification and Sustainable Development
- Political Economy of Diversification
- Economic Transformation vs. Diversification
- Oil and Economic Diversification
- Fiscal dimensions of Economic Sustainability
- Labour Market dimensions of Economic Sustainability
- Hydrocarbon Endowment in the Gulf Region
- Normalizing the Saudi Economy
- Inclusive Growth in the Gulf Region
- Saudi Private Sector’s Contribution to Fiscal Sustainability
- Economic Sustainability and the Energy Transition
- Economic Diversification in the MENA
- Peak Oil and the Energy Transition in the MENA
- Economic Diversification Through Energy Sector Reform
- Energy Pricing Reform in the Gulf Region
- Climate Strategy for Producer Countries
About this book
Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term.
But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration.
The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.
Editors and Affiliations
About the editors
Tom Moerenhout teaches at Columbia University’s School of International and Public Affairs and is a scholar at SIPA’s Center on Global Energy Policy. He is involved as a practitioner on energy sector and structural reforms through his work as a consultant for the World Bank, International Institute for Sustainable Development and Bill & Melinda Gates Foundation, among others.
Bibliographic Information
Book Title: When Can Oil Economies Be Deemed Sustainable?
Editors: Giacomo Luciani, Tom Moerenhout
Series Title: The Political Economy of the Middle East
DOI: https://doi.org/10.1007/978-981-15-5728-6
Publisher: Palgrave Macmillan Singapore
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: Gulf Research Centre Cambridge 2021
Hardcover ISBN: 978-981-15-5727-9Published: 01 October 2020
Softcover ISBN: 978-981-15-5730-9Published: 10 October 2020
eBook ISBN: 978-981-15-5728-6Published: 30 September 2020
Series ISSN: 2522-8854
Series E-ISSN: 2522-8862
Edition Number: 1
Number of Pages: XXI, 365
Number of Illustrations: 71 b/w illustrations
Topics: International Political Economy, Sustainable Development, Natural Resource and Energy Economics, Energy Policy, Economics and Management, Middle Eastern Politics, Middle Eastern and North African Economics