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Description of  The Future of Economic Development in the Gulf Cooperation Council States: Evidence-Based Policy Analysis (Routledge Studies in the Modern World Economy)

The Gulf Cooperation Council (GCC) countries own 30 percent of the worlds proven oil reserves and largely depend on oil for their income. Yet the GCC faces serious challenges. The global demand for oil is expected to continue declining, and the average long-run oil price could become lower than its historical average in the future. This book is a research-based, structural macroeconomic analysis, providing evidence-based and future-facing policy recommendations for GCC governments. Read more