Abstract
Large revenues drawn from oil offer wide scope for a highly active development policy, especially to the oil producing states round the Arab-Persian Gulf (which is to be understood as a geographical, not a political term). But even countries In such a favoured situation experience bottlenecks, and also the direction In which their economic and social structures of the future may move is full of pitfalls.
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Cf. “World Bank Atlas (Population, Per Capita Product, and Growth Rates)”, published by the International Bank for Reconstruction and Development, 1970.
Because of the much earlier start of its economic development, Iran is not a typical developing country, also because of its vast size, and of its highly diversified economic structure.
Cf.: Government of Kuwait, The Planning Board, “The First Five Year Development Plan, 1967/68–1971/72”, also, from the same source: “Kuwait Economy in 1969/70. A Survey”; Government of Abu Dhabi, Directorate-General of Planning and Coordination, “Five Year Development Plan, 1968–1972 ; Government of Bahrain, Department of Finance and National Economy, “Statistical Abstract 1969”; Statistical Bureau, August 1970.
Cf., inter alia: State of Kuwait, The Planning Board, Central Statistical Office, “Statistical Abstract 1970”, Sections II, III, and V.
Cf., inter alia, Abdul Malik al Hamer, “An Analytical Study of the System of Education in Bahrain, 1940–1965”, Bahrain, 1969.
Cf. Abu Dhabl Planning Board, “1971 Annual Programme”. January 1, 1971; also the parallel programmes of other states on the Gulf.
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Rohde, K.E. Growth problems in wealthy LDCs. Intereconomics 7, 14–17 (1972). https://doi.org/10.1007/BF02929143
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DOI: https://doi.org/10.1007/BF02929143