When Can Oil Economies Be Deemed Sustainable?

Luciani, Giacomo

When Can Oil Economies Be Deemed Sustainable? - Springer Nature 2021 - 1 electronic resource (365 p.) - The Political Economy of the Middle East .

Open Access

This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future. Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term. But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration. The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.


Creative Commons


English

978-981-15-5728-6

10.1007/978-981-15-5728-6 doi


Economics
Energy technology & engineering
Environmental economics
Political economy
Politics & government
Sustainability

Climate Strategy for Producer Countries Economic Diversification in the MENA Economic Diversification Through Energy Sector Reform Economic Sustainability and the Energy Transition Economic sustainability in resource-rich states Economic Transformation vs. Diversification Economics Economy-wide Country Studies Energy industries & utilities Energy Policy, Economics and Management Energy Pricing Reform in the Gulf Region Energy technology & engineering Environmental economics Environmental Economics Environmental Social Sciences Fiscal dimensions of Economic Sustainability Gulf Economic Diversification and Sustainable Development Hydrocarbon Endowment in the Gulf Region Inclusive Growth in the Gulf Region International Political Economy International Relations Labour Market dimensions of Economic Sustainability Middle East Middle Eastern and North African Economics Middle Eastern Politics Natural Resource and Energy Economics New Global Oil Order Normalizing the Saudi Economy Oil and Economic Diversification Open Access Peak Oil and the Energy Transition in the MENA Political economy Political Economy of Diversification Politics & government Saudi Private Sector's Contribution to Fiscal Sustainability Sustainability Sustainability of GCC Development Sustainable Development

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