Economic Diversification in Oil-Exporting Arab Countries
|Date:||April 29, 2016|
|Electronic Access:||Full Text
|Summary:countries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges.
Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations.
Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...
|Series :||Policy Paper|
|Subject(s):||Oil exporting countries | Economic conditions | Oil prices | Oil revenues | Nonoil sector | Private sector | Public sector | Employment | Population | Labor market reforms|