The Gulf countries face various economic challenges, the most important of which is the lack of economic diversification in general – and in government revenues in particular – in addition to an unsustainable path of government expenditure. These challenges are distinctive compared to what arises in advanced and developing economics; for example, the Eurozone unemployment rate in 2013 was 11%, compared to 5.1% in the Gulf countries, and Japanese public debt exceeds 200% of GDP, compared to 12.2% in the GCC countries.
Posted by : admin
Comments:
0
Likes:
0
Share
Related posts
0
0
On the 14th of June 2023, German Chancellor Olaf Scholz announced in a press conference...
Germany’s National Security Strategy
Posted by :
badria
0
0
Developing effective strategies can contribute to creating favorable conditions for growth, sustainability, and prosperity. The...
The importance of engaging stakeholders in policy development [3]
Posted by :
badria
0
0
Engaging stakeholders in the development of public policies is crucial for the success, legitimacy, and...
The importance of engaging stakeholders in policy development [2]
Posted by :
badria
0
0
Stakeholder engagement is crucial for policy development and sustainable economic growth. Singapore is a leader...
The importance of engaging stakeholders in policy development
Posted by :
badria
0
0
In the previous article, the current and future state of the Non-Aligned Movement was discussed...
The Future Challenges of the Non-Aligned Movement
Posted by :
badria
0
0
The government of Singapore leads investment efforts in artificial intelligence to enhance economic growth and...
The Impact of Artificial Intelligence on Policy-making [2]
Posted by :
badria
0
0
Artificial intelligence (AI) is increasingly being used by governments to improve services and operational efficiency....
The Impact of Artificial Intelligence on Policy-making [1]
Posted by :
badria
0
0
The repercussions of the current war in Ukraine have resulted in several effects, including their...
Discussions on the role of the Non-Aligned Movement
Posted by :
badria
0
0
Agriculture plays a crucial role in the global economy. The pressure on the agricultural system...
Artificial Intelligence in Addressing Food Security Challenges
Posted by :
badria
0
0
What are the implications of this accession at the height of the Ukrainian war? In...
The Strategic Implications of Finland’s Accession to NATO
Posted by :
badria