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Sustaining development in the GCC countries: the impact of technology transfer

Author

Listed:
  • Amer Al-Roubaie
  • Jamal Al-Zayer

Abstract

The failure of conventional development to combat poverty has given rise to the concept of sustainable development. After decades of experience with Western economic models, the non-industrialised countries continue to suffer from inadequate economic stimulus to sustain growth. The Gulf Cooperation Council (GCC) countries of the Arabian Gulf are newly emerging states intending to obtain developed countries status and to manage globalisation. Technology transfer could provide alternative means for rapid growth and sustaining development by substituting capital for labour. To this end, vigorous policy measures and strong government backing must be introduced if these countries will have a chance for achieving their objectives.

Suggested Citation

  • Amer Al-Roubaie & Jamal Al-Zayer, 2006. "Sustaining development in the GCC countries: the impact of technology transfer," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 2(3), pages 175-188.
  • Handle: RePEc:ids:wremsd:v:2:y:2006:i:3:p:175-188
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