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GCC Countries’ Diversification and Industrial Development: Looking Beyond the Asian Model

  • Daisuke Yamamoto
Chapter
Part of the The Political Economy of the Middle East book series (PEME)

Abstract

This chapter first looks at the shape and background of East Asia’s economic development model. Next, it compares situations in the GCC and East Asia and examines paths the GCC should take toward industrial diversification. It then looks at several case studies which, based on the above examination, could serve as models for the GCC while also considering how governments can contribute to the region’s industrial development. Finally, the chapter summarizes basic policy and concrete means of diversifying the GCC’s economy. In terms of concrete methodology, the chapter touches on general promotion of industry, strengthening and stimulating oil- and gas-associated industries through M&A, promotion of knowledge-intensive industries, and creation of the soft and hard infrastructure necessary to make these methods viable.

Keywords

Investment policy Soft and hard infrastructure Geo-natural primacy 

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Copyright information

© Gulf Research Centre Cambridge 2018

Authors and Affiliations

  • Daisuke Yamamoto
    • 1
  1. 1.Sojitz Research Institute, Ltd.TokyoJapan

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