Jalal Qanas – författare

This timely book examines how Gulf Cooperation Council (GCC) countries can successfully navigate the structural transformation towards a post-oil future. Moving beyond generalized policy prescriptions, it comprehensively explores crucial obstacles and opportunities to define a path forward for the GCC region.Contributing authors demonstrate how meaningful income diversification requires a fundamental rewiring of the GCC’s economic, institutional and social fabric. They address the entrenched structural challenges arising from the economic dominance of oil and gas, as well as the dominant role of the state and the nature of its sovereign wealth funds. The book emphasizes the importance of developing a dynamic private sector, cultivating human capital and redefining the social contract between the state and people. It also outlines key macroeconomic and institutional frameworks, providing specific sectoral strategies and innovative policy approaches focused on both economic diversification and sustainability.Economic Challenges in the Gulf Cooperation Council Countries is an essential resource for scholars and students interested in the global transition following climate change. It will be of particular interest to those in the fields of Middle East studies and development and energy economics.

The book considers the impact of COVID-19 on the GCC member states through the prism of challenges faced by their hydrocarbon sector. Yet, the publication’s discourse is not solely focused on the problems experienced by the oil and gas industries of the GCC member states after the beginning of the COVID pandemic. Instead, the contributors will analyze how these challenges and subsequent response to them affected other aspects of the GCC socio-economic and political development, from direct impact of the COVID on the energy sector of the GCC to socio-economic consequences of the oil market crisis for the region and its potential fallouts for the international relations of the Gulf.