The GCC states, despite their shared economic reliance on oil exports, display a wide variation in economic growth patterns. The UAE, for example, has successfully built a thriving entrepôt economy that has allowed it to partially diversify away from oil while Kuwait’s economy remains almost entirely dependent on oil. This talk examines the structural and political explanations for variations in the economic performance of the GCC states, with an emphasis on the role of political leadership and political institutions.
NYU Abu Dhabi Institute
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