An Insight of the Economic Development Patterns in the Gulf Countries
This paper aims to investigate the economic development status in the Persian Gulf region and investigate the underlying base for international competitiveness. The focus is on this geographic area because it comprises the wealthiest and fastest growing economies in the world and it provides a proper framework for studying the connections between these concepts. The main objective is to compute a development diagnosis and based on its results to reveal what could be done for further advancement as they are shifting from resource-based to knowledge-based economies. The countries considered in this study are Bahrain, Qatar, Oman and UAE. The methodology is based primary on qualitative analysis. The diagnosis revealed that even though in international reports these countries tend to be described roughly in the same terms, the reality is different. Qatar and UAE are prepared to turn into knowledge-based economies despite of being in different stages of economic development. The United Arab Emirates is the only economy from the region that has reached the most advanced stage of development because of its diversified structure. The findings pinpoint that a cluster-based development is a proper path for these countries to follow in the future, while building resilience is a must. Finally, enhancing the regional coordination is yet another solution to a steady, competitive economic development in the Persian Gulf. This study has an extensive, realistic perspective and it’s a contribution to the field as it uncovers the traits of the region in terms of economic upgrading.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Stanley Metcalfe & Ronnie Ramlogan, 2007.
"Competition and the Regulation of Economic Development,"
in: Competitive Advantage and Competition Policy in Developing Countries, chapter 2
Edward Elgar Publishing.
- Metcalfe, J.S. & Ramlogan, R., 2005. "Competition and the regulation of economic development," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 215-235, May.
When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2011:i:30:p:123-137. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Florian Nuta)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.