Patterns of Arab Gulf Exports: Implications for Industrial Diversification of Increased Inter-Arab Trade
Abstract
The development of a strong and viable industrial structure has long been a major
economic objective of the nations making up the Gulf Cooperation Council (GCC). 1
For many of these states, industrial development is the key to successful economic diversification
and the main assurance of continuing self-sustaining growth. Following the
large increases in oil revenues in the 1970s, Gulf governments have directed a substantial
portion of their huge development outlays towards the creation of an adequate industrial
infrastructure and the establishment of certain major state-owned heavy industries. 2
The recent turnaround in the world oil market and thus in OPEC revenue prospects has
produced a challenge for Gulf industrialization: perhaps earlier than expected, it is now
being reevaluated in terms of the time, capital and hopes invested in it.
Description
Orient, vol. 33, no. 4, 1992.
Refereed Journal Article
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.Collections
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