Sustainable Prosperity in the Arab Gulf: From Miracle to Method

This book explores the development journey of the Arabian Gulf region, highlighting its combination of good fortune, creative experimentation, and determination to achieve prosperity. Despite resource constraints and external shocks, the region is positioned for a pivotal role in the new global order due to its holistic transformation and world-class infrastructure. It has become the hub of inter-continental flows of people, trade, and capital and has established strong economic ties in all directions. The book showcases the region's forward-looking vision and resilience to liberate it from its resource curse and achieve sustained well-being.

Format: Hardback
Length: 352 pages
Publication date: 16 August 2023
Publisher: Taylor & Francis Ltd

Tracing the development journey of the Arabian Gulf region with a forward-looking perspective, this comprehensive book delves into the intricate tapestry of factors that have shaped its remarkable trajectory. It explores how a perfect blend of good fortune, innovative experimentation, and unwavering determination has propelled the region toward prosperity. Today, the Arabian Gulf stands poised to assume a pivotal role in the emerging global order.

Despite facing formidable challenges such as an extreme climate and limited resources, the Gulf region has managed to thrive. Its progress and prosperity, however, have always been precarious and vulnerable to external shocks. Recognizing the need to transcend resource dependency, the region has embarked on proactive efforts to enable other economic activities. This book argues that while conventional economic diversification is making significant strides, the Gulf region is undergoing a far more holistic transformation that positions it for a pivotal role in the emerging multipolar global order.

At the heart of the Old World, the Gulf region boasts globally competitive regulations and world-class infrastructure. Flanked by two rapidly growing continents, it has become the hub of choice for a growing share of inter-continental flows of people, trade, and capital. It has established strong economic ties in all directions, fostering a vibrant and interconnected ecosystem.

This book showcases how, despite numerous risks and obstacles, the region possesses the forward-looking vision and necessary resilience to break free from its long-standing resource curse and embrace a development paradigm that promises sustained well-being for decades to come. It provides a deep understanding of the region's historical, cultural, and economic context, as well as its strategic positioning in the global landscape.

The book's scope and rigor make it an invaluable resource for scholars, researchers, policymakers, and the business community. It offers a comprehensive analysis of the region's challenges and opportunities, providing insights into the policies and strategies that can drive its continued growth and prosperity. By examining the past, present, and future of the Arabian Gulf region, this book sheds light on the path toward a more inclusive and sustainable future for all.

Weight: 830g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032437545