scholarly journals Economic Diversification and Sustainable Development of GCC Countries

2020 ◽  
pp. 99-151
Author(s):  
Joerg Beutel
Keyword(s):  
Sustainable Development ◽  
Economic Diversification ◽  
Gcc Countries

Investment obstacles to sustainable development and competitiveness index

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Faris Alshubiri
Keyword(s):  
Sustainable Development ◽  
Pearson Correlation ◽  
Content Type ◽  
Global Competitiveness ◽  
Doing Business ◽  
Gcc Countries ◽  
Significance Levels ◽  
Government Bureaucracy ◽  
Competitiveness Index ◽  
Using Data

PurposeThis paper was aimed to develop better knowledge to show how obstacles impact Sustainable Development Goals (SDGs) in investment business on the global competitiveness index (GCI). This study was applied to six Gulf Cooperation Council (GCC) economies to analyse and classify investment obstacles in order to improve GCI and mitigate the obstacles to doing business.Design/methodology/approachThis study used the 12 pillars of the GCI to classify six GCC countries and 15 factors of SDGs using data from 2008 to 2017. The data were collected from the International Monetary Fund and GCI reports from 2008 to 2018 on all six GCC countries: the UAE, Kuwait, Oman, Saudi Arabia, Bahrain and Qatar. The paper adopted equations to analyse the GCI, along with 15 obstacles to doing investment business. The paper used regression and correlation tests by two proxies: obstacles to SDGs as an independent variable and the GCI as a dependent variable.FindingsThe findings of this study focussed on the best classification of the GCI, which went to Qatar, whereas the lowest rank went to Oman. The major components of obstacles to doing investment business are restrictive labour regulations, access to financing and inefficient government bureaucracy factors. These obstacles stand in the way of achieving SDGs and delay the improvement of the competitive field. Hence, the results of the regression test show that there is a negative and statistically significant impact in Oman, Kuwait and the UAE between obstacles to doing business on the GCI at the significance levels of 1% and 5%. The Pearson correlation matrix is strong between obstacles to SDGs, as the same elements of the GCI also exist in these countries, at 55.2%, 75% and 55.5%, respectively.Research limitations/implicationsThere are some limitations related to the study period being from 2008 to 2017. Before 2008, the GCI consisted of nine pillars rather than 12, and there were 14 problems rather than 15 related to doing investment business. Hence, this does not match with the period of this study. Furthermore, the reports after 2017 did not mention the problems of doing business, only analysing the GCI.Practical implicationsThe results of the study highlight the strategic and practical aspects of GCC countries diagnosing the SDGs to know how to reduce obstacles to sustainable development, which can enhance investments by improving the GCI.Originality/valueThe current study measured and evaluated how to mitigate the obstacles to SDGs in the GCC countries. It is the first study to explain these obstacles in the GCC countries, which are characterised by their huge wealth that contributes significantly to global economic development.

Tehran and Muscat could deepen economic ties

2017 ◽  
Keyword(s):  
Saudi Arabia ◽  
Political Agenda ◽  
The Political ◽  
Economic Diversification ◽  
Content Type ◽  
Economic Relations ◽  
Military Alliance ◽  
Gcc Countries ◽  
Financial Benefits ◽  
Economic Ties

Significance Oman has historically maintained strong business and diplomatic links with Iran, cutting across the anti-Iranian political agenda pressed by Saudi Arabia on the other Gulf Cooperation Council (GCC) countries. Economic relations are now more important for Muscat than Tehran, while the political ties are most useful for Iranian foreign policy. However, Oman in January 2017 joined the Saudi-led Islamic Military Alliance to Fight Terrorism, comprising 40 countries excluding Iran and Iraq. Impacts Oman’s urgent need for economic diversification will broaden its search for economic partners. If the Iran-Saudi Arabia regional confrontation worsens, Oman’s midway stance could be tilted by financial benefits from either side. In case of a serious Washington-Tehran showdown, Muscat would maintain quiet links with Iran, but ultimately prioritise US relations.

scholarly journals Level of Ecological and Economic Diversification: A Methodology for Assessing the Sustainability of Agricultural Enterprises

2021 ◽  
Vol 8 (2) ◽  
pp. 101-107
Author(s):  
Svitlana І. Strapchuk
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Management Practices ◽  
Humus Content ◽  
Organic Production ◽  
United Nations Environment Programme ◽  
Practical Significance ◽  
Economic Factors ◽  
Economic Diversification ◽  
Agricultural Enterprises

As a global initiative within the framework of the United Nations Environment Programme framework, the Economics of Ecosystems and Biodiversity emphasises the importance of applying a systematic approach to the assessment of Natural Resources and the need to introduce new forms of economic growth to the sustainable development of enterprises. Existing management practices of agricultural enterprises, such as monoculture, create a constant monotonous load on the soil and lead to a decrease in humus content, contribute to erosion, but remain highly profitable. Changing the forms of economic growth in favour of introducing sustainable practices such as organic production, sustainable intensification, and eco-production requires appropriate sources of financing, a high level of environmental awareness, and comprehensive methods for assessing environmental and economic factors. The purpose of the study is to substantiate a methodological approach to a comprehensive assessment of the ecological and economic diversification of an enterprise based on the principles of sustainable development, which allows taking into account the level of diversity of cultivated crops in relation to the structure of marketable products. To achieve this goal, statistical information on the activities of agricultural enterprises in the Kharkivska Oblast was used, as well as monographic, graphical and statistical methods of research. Data analysis and processing were performed using specialised software: Microsoft Excel and Statistica 10. The study presents the developed and tested coefficient of ecological and economic diversification, which allows assessing the level of agrobiodiversity of sown areas and marketable products of agricultural enterprises based on the management results for 2019. The coefficient is based on information theory in the context of applying the Shannon-Weaver index. As a result of the search for the relationship between the coefficient of ecological and economic diversification and profit per 1 hectare, the statement about the gradual loss of profitability during the growth of the number of types of crops is confirmed. However, there are enterprises that maintain profitability during the expansion of the acreage structure. The practical significance of the findings obtained is allows assessing the possibility of adapting the structure of acreage to market conditions, taking into account environmental and economic factors

Next-generation Gulf monarchs will set new rules

2020 ◽  
Keyword(s):  
Large Scale ◽  
Energy Transition ◽  
Gulf Cooperation Council ◽  
Current Line ◽  
Economic Diversification ◽  
The West ◽  
Content Type ◽  
Gcc Countries ◽  
Social Liberalism

Significance This brings in different perspectives on issues such as economic diversification, social liberalism, Israel and the role of the Gulf Cooperation Council (GCC). Impacts Longstanding fears of family splits over the succession could persist in Kuwait and potentially Saudi Arabia. The GCC will become even less significant, lacking any economic, infrastructural or security role. Large-scale ‘giga-projects’ raise concerns that vanity is outweighing viability. The prospect of receding support from GCC countries could undermine entrenched elites in both the West Bank and Beirut. The upcoming ‘energy transition’ will face the current line-up of rulers with a unprecedented economic crisis in the coming years.

scholarly journals Linking Economic Complexity, Diversification, and Industrial Policy with Sustainable Development: A Structured Literature Review

2021 ◽  
Vol 13 (3) ◽  
pp. 1265
Author(s):  
Diogo Ferraz ◽  
Fernanda P. S. Falguera ◽  
Enzo B. Mariano ◽  
Dominik Hartmann
Keyword(s):  
Sustainable Development ◽  
Industrial Policy ◽  
Environmental Sustainability ◽  
Policy Research ◽  
Social Sustainability ◽  
Livelihood Diversification ◽  
Green Growth ◽  
Empirical Methods ◽  
Economic Diversification ◽  
Economic Complexity

Research on economic diversification and complexity has made significant advances in understanding economic development processes, but has only recently explored environmental and social sustainability considerations. In this article we evaluate the current state of this emerging literature and reveal 13 research gaps. A total of 35 different keywords and methods from structured literature reviews and network science helped to identify 374 scientific articles between 1988 and 2020 and revealed a fragmented research landscape around three larger network communities: (1) industrial policies, climate change, and green growth; (2) economic complexity and its association with inequality and environmental sustainability; and (3) economic diversification, including studies on livelihood diversification in poor areas. Economic complexity research applies new empirical methods and considers both social and environmental sustainability, but seldom scrutinizes theory and policy. Industrial policy research focuses on green growth policies but tends to omit social sustainability issues and advanced empirical methods. Research on economic diversification in poor regions provides insights on the livelihood diversification of farmers, but is disconnected from the economic complexity and industrial policy research. This review helps to summarize the main contributions and shows pathways for potential mutual learning between these communities for the sake of sustainable development.

scholarly journals Economic Diversification in Bahrain

2018 ◽  
Vol 5 (5) ◽  
pp. 67
Author(s):  
Ashraf Nakibullah
Keyword(s):  
Positive Impact ◽  
Structural Var ◽  
Annual Growth Rate ◽  
Economic Diversification ◽  
Real Gdp ◽  
Gcc Countries ◽  
Oil Resources ◽  
Inherent Problem ◽  
Oil Sector ◽  
In The Beginning

Countries, such as the GCC countries, that predominantly rely for their income on oil resources face the reality that these sources of their income would not last forever. Thus, being a member of the GCC countries, Bahrain has been pursuing the policies of sustainable and diversified economic growth. This paper uses the share of nonoil real GDP to total real GDP as a measure of diversification to access the extent of diversification in Bahrain. The shares of nonoil GDP increased from 64% in the beginning of this of this century to 80% in 2016 with an average annual growth rate of 6.2% for the period 2002-2016. This success story seems to have an inherent problem. A bivariate structural VAR model  with nonoil real GDP and oil price shows that oil prices (indirectly oil sector) have positive impact on the movements of the nonoil real GDP. This means nonoil sector has been very much dependent on the oil sector and neutralizing the dependence is required for the post oil era. 

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