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When Can Oil Economies Be Deemed Sustainable?

When Can Oil Economies Be Deemed Sustainable?

Hardcover

Series: Political Economy of the Middle East

EconomicsEnvironmental StudiesGeneral Political Science

ISBN10: 9811557276
ISBN13: 9789811557279
Publisher: Palgrave MacMillan
Published: Oct 1 2020
Pages: 365
Weight: 1.45
Height: 1.00 Width: 5.83 Depth: 8.27
Language: English
This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future.
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.

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General Political Science