Breaking the Oil Spell

Business & Finance, Economics, Public Finance
Cover of the book Breaking the Oil Spell by Reda Cherif, Min Zhu, INTERNATIONAL MONETARY FUND
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Author: Reda Cherif, Min Zhu ISBN: 9781484317426
Publisher: INTERNATIONAL MONETARY FUND Publication: April 15, 2016
Imprint: Language: English
Author: Reda Cherif, Min Zhu
ISBN: 9781484317426
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 15, 2016
Imprint:
Language: English
The “Gulf Falcons”—the countries of the Gulf Cooperation Council—have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for the Gulf Falcons to diversify away from their current heavy reliance on oil exports. This book discusses attempts at diversification in the Middle East and North Africa and the complex choices policymakers face. It brings together the views of academics and policymakers to offer practical advice for future efforts to increase productivity growth.
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The “Gulf Falcons”—the countries of the Gulf Cooperation Council—have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for the Gulf Falcons to diversify away from their current heavy reliance on oil exports. This book discusses attempts at diversification in the Middle East and North Africa and the complex choices policymakers face. It brings together the views of academics and policymakers to offer practical advice for future efforts to increase productivity growth.

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