Economists typically criticise import tariffs, because they result in higher prices for consumers.The Arabian Gulf countries have generally subscribed to this view. However, as the Gulf countries look to diversify their economies, is it time to consider imposing temporary tariffs to develop domestic industries?
Publications
This latest issue of the Derasat Journal (1/2018) celebrates the 10th anniversary of the launch of His Majesty, King Hamad bin Isa Al Khalifa’s initiative, Bahrain’s Economic Vision 2030.
Is diversifying imports the answer to low productivity and preserving future water resources for Bahrain?
In order to boost entrepreneurship, Saudi Arabia should consider following a 1950s plan used to improve the Italian economy, which was done in partnership with the US, a recent paper by Michela Giorcelli of the University of California suggested.
Would an integrated European Army undermine NATO or be complementary?
Is a resurgence of Cold War stand-offs a potential risk of President Trump’s new missile defense strategy? Dr Ashraf Keshk discusses both the international and regional implications….
Omar Al Ubaydli investigates how our consumption decisions partially reflect our efforts to convey a certain social status to others, sending a signal to our peers that we are wealthy and powerful, and that we have good taste…….
As the political crisis unfolding in Venezuela seizes the headlines, analysts frequently draw attention to the fact that the South American country has the largest oil reserves in the world………
Dr Ashraf Keshk considers the implications of the recent expansion of China’s navy.
The US economy has traditionally been a heavy importer of oil, making it unquestionably a fan of low oil prices. Meanwhile, the shale oil revolution has transformed the US oil industry, and driven net imports to almost zero. But, has that been enough to make America favor high oil prices, and to be an OPEC ally?