When can oil economies be deemed sustainable? / / edited by Giacomo Luciani, Tom Moerenhout.

• Superior document: The Political Economy of the Middle East,
• TeilnehmendeR: Luciani, Giacomo, 1948-; Moerenhout, Tom.
• Place / Publishing House: Singapore : : Springer Nature Singapore :, Imprint: Palgrave Macmillan,, 2021.
• Year of Publication: 2021
• Edition: 1st ed. 2021.
• Language: English
• Series: The Political Economy of the Middle East,
• Physical Description: 1 online resource (xxi, 365 pages) :; illustrations; digital, PDF file(s).
• Bibliography: Includes bibliographical references.
• ISBN: 9811557284
• ISSN: 2522-8862
• Access: Open Access
• Hierarchical level: Monograph
• Statement of Responsibility: edited by Giacomo Luciani, Tom Moerenhout.

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.