Human Capital and the Future of the Gulf

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Author :
Publisher : Rowman & Littlefield
ISBN 13 : 1442259051
Total Pages : 43 pages
Book Rating : 4.4/5 (422 download)

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Book Synopsis Human Capital and the Future of the Gulf by : Carolyn Barnett

Download or read book Human Capital and the Future of the Gulf written by Carolyn Barnett and published by Rowman & Littlefield. This book was released on 2015-11-16 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extensive efforts to develop human capital are under way in the United Arab Emirates, Saudi Arabia, and elsewhere in the Gulf, and they are increasingly setting expectations for how people ought to behave socially and economically that are in tension with how they are expected to behave politically. The tensions created by governments’ conflicting aims can produce frustration, a sense of entitlement, or apathy among young people entering the labor force, each of which poses different potential political challenges for governments. Navigating this tension—or finding ways to create space for genuine innovation and risk taking within that constrained political context—will be among the most important strategic challenges for the region’s leaders and people in the next 10 years.

Human Resources and Development in the Arabian Gulf

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Author :
Publisher : Emirates Center for Strategic Studies and Research
ISBN 13 : 9948142489
Total Pages : 76 pages
Book Rating : 4.9/5 (481 download)

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Book Synopsis Human Resources and Development in the Arabian Gulf by : The Emirates Center for Strategic Studies and Research

Download or read book Human Resources and Development in the Arabian Gulf written by The Emirates Center for Strategic Studies and Research and published by Emirates Center for Strategic Studies and Research. This book was released on 2010-08-26 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The six member states of the Gulf Cooperation Council (GCC) have achieved substantial development progress in recent decades, as is evidenced by their high rankings within the United Nations Development Programme’s Human Development Index (HDI). Despite these achievements, however, the process of development in the GCC states still faces numerous challenges, the most significant of which relate to national human resources. Indeed, it is fair to say that the success of ongoing development efforts in the GCC states will largely be decided by how they manage, employ and develop their human capital. This book comprises a valuable collection of the papers presented at the ECSSR 14th Annual Conference, “Human Resources and Development in the Arabian Gulf,” held in Abu Dhabi on February 2–4, 2009. The papers contained herein represent a contemporary examination of: the different development strategies available to the GCC states; the challenges facing human resource development in the GCC countries; the problems facing GCC labor markets; opportunities and potential for investment in human capital; the many obstacles to sustainable development in the Gulf; and other relevant topics.

Fostering Human Capital in the Gulf Cooperation Council Countries

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464815828
Total Pages : 127 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Fostering Human Capital in the Gulf Cooperation Council Countries by : Sameh El-Saharty

Download or read book Fostering Human Capital in the Gulf Cooperation Council Countries written by Sameh El-Saharty and published by World Bank Publications. This book was released on 2020-07-08 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: The formation of human capital--the knowledge, skills, and health that people accumulate over their lifetimes--is critical for the six Gulf Cooperation Council (GCC) countries. Human capital contributes not only to human development and employment but also to the long-term sustainability of a diversified economic growth model that is knowledge based and private sector driven. This approach is critical, given that income from oil and gas will eventually decline and that the nature of work is evolving in response to rapid technological changes, in turn demanding new skill sets. The GCC governments have demonstrated their strong political will for this shift: four of them are among the first countries to join the World Bank’s Human Capital Project—a global effort to improve investments in people as measured by the Human Capital Index. The GCC countries face four main challenges: • Low levels of basic proficiency among schoolchildren • A mismatch between education and the labor market • A relatively high rate of adult mortality and morbidity • A unique labor market , in which wages in the public sector are more generous than in the private sector and government employment of nationals is virtually guaranteed To address these challenges, this report outlines four strategies in a“whole-of-government†? approach: • Investing in high-quality early childhood development • Preparing healthier, better educated, and skilled youth for the future • Enabling greater adult labor force participation • Creating an enabling environment for human capital formation These strategies are based on best practices in other countries and feature some of the GCC countries’ plans, including their national “Visions,†? to take their economies and societies further into the twenty-first century. With the COVID-19 pandemic, the GCC countries face additional challenges that may worsen some preexisting vulnerabilities and erode human capital. In response, the GCC governments have taken multiple measures to protect their populations’ health and their economies. Any country’s decision to reopen its economy needs to closely consider public health consequences to avoid a resurgence of infections and any further erosion of its human capital. The COVID-19 crisis underscores that the need to accelerate and improve investment in human capital has never been greater. Once the GCC countries return to a “new normal,†? they will be in a position to achieve diversified and sustainable growth by adopting, and then tailoring, the strategies presented in this report.

Human Resources and Development in the Arabian Gulf

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Author :
Publisher :
ISBN 13 : 9789948142508
Total Pages : 568 pages
Book Rating : 4.1/5 (425 download)

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Book Synopsis Human Resources and Development in the Arabian Gulf by :

Download or read book Human Resources and Development in the Arabian Gulf written by and published by . This book was released on 2010 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: The six member states of the Gulf Cooperation Council (GCC) have in recent decades experienced substantial and rapid development progress, as evidence by their high rankings in the United Nation's Development Programme's Human Development Index (HDI). But despite these achievements, the process of development in the GCC still faces numerous challenges, the most significant of which relate to national human resources. This volume therefore offers an extensive examination of the different development strategies available to the GCC states in the face of the challenges of human resource development, the problems facing GCC labour markets, the opportunities and potential for investment in human capital and the many obstacles to sustainable development in the Gulf. This book will be an essential resource for those involved in the most important issues and debates for the future of human resources and development in the Gulf, the Middle East and wider developing world. -- Product Description.

The Future of the Gulf Region

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Author :
Publisher : Springer Nature
ISBN 13 : 3030782999
Total Pages : 449 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis The Future of the Gulf Region by : Arno Tausch

Download or read book The Future of the Gulf Region written by Arno Tausch and published by Springer Nature. This book was released on 2021-08-09 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies values and attitudes in the Gulf region. In light of global power shifts, the threatening collapse of internal security in the West, and uncertainty about the current leadership vacuum in world society, this book explores a future leading role of the Gulf countries in such institutions as the G-20 and the OECD. Based on rigorous analysis of macro-level data and opinion surveys with relevance for the Gulf region, it analyzes the global macro-factors shaping the Gulf's future at a time of the global COVID-19 crisis and depression and rising global tensions. Starting with an empirical time series analysis of the long cycles of global politics and economics, it highlights the implications for the Gulf region. Offering a multivariate analysis of civil society values in the Gulf, the author analyzes value changes and attitudes on antisemitism, political Islam, internal security, democracy, and other issues of Arab politics. The partially optimistic conclusions of the study testify to the underestimated and incipient maturity of the Gulf’s civil society and strongly suggest that the Gulf's future is rather with the free societies of the West and not with a Neo-Ottoman Empire in whatever form. "Exceptional in scope and right up-to-the-minute in coverage" Brian M Pollins, Associate, Professor Emeritus, The Ohio State University. "An outstanding and topical book by an astute scholar of the MENA region" Professor Hussein Solomon, Academic Head of Department, Political Studies and Governance, University of the Free State, South Africa. "The most comprehensive and insightful study on the subject to date" Manfred B. Steger, Professor of Sociology, University of Hawai'i at Manoa and Global Professorial Fellow, Western Sydney University.

Human Resources in Saudi Arabia, Kuwait and the U.A.E.

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Author :
Publisher :
ISBN 13 :
Total Pages : 412 pages
Book Rating : 4.:/5 (786 download)

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Book Synopsis Human Resources in Saudi Arabia, Kuwait and the U.A.E. by : Samer Mohamad Hankir

Download or read book Human Resources in Saudi Arabia, Kuwait and the U.A.E. written by Samer Mohamad Hankir and published by . This book was released on 1995 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis raises the dilemma of manpower and development in the Gulf States. Saudi Arabia, Kuwait and the United Arab Emirates were chosen among the Gulf Cooperation Council Countries since they are considered to be the largest oil-exporting Gulf countries. As opposed to most of the developing countries that suffer from shortage of capital and surplus of labor, the three states under study suffer from a fragile human resources base with an abundance of capital generated by the oil sector which is the major energizer of the Gulf economies. Thus, capital spending was not a problem and generous welfare programs were initiated by the Gulf governments and were regarded as investment in the native human capital. Expatriate labor was intensively imported in order to meet the developmental needs of the economy as a temporary measure until economic returns on human investment is realized. Foreigners increased in number to the extent that they became the majority in the U.A.E. and Kuwait and constituted a big proportion in the population of Saudi Arabia. The significant role played by the oil variable in shaping the Gulf economies, the impact of the heavy existence of foreign labor on the Gulf societies, the structures of the Gulf demography and labor force, the governments' manpower plans and the obstacles to manpower development are examined and analyzed. The approach followed in this thesis is the normative approach where intensive literature review about the topic was conducted. The empirical approach which could have been supportive was not possible to be adopted because the thesis was written in Lebanon and therefore, the opportunity for the writer to go on field was not available. Based on the information and analyses provided in the thesis which were supported by statistics collected from different sources, it was found out that the development rush in the Gulf states led to demographic and labor disfigurements. Reliance on foreign labor which was thought to be a temporary measure is likely to continue despite me fact that the quantity and quality of the imported foreign labor may vary over the years. Economic returns on the investment in native human capital were not up to the expectations. The easy-life atmosphere created by the oil-euphoria as well as the Gulf governments' policies and measures contributed in weakening the already meager productive participation of the national elements in the labor market. The adoption of a well-designed economic strategy on which a clear population policy is based is a vital issue. Manpower planning is a continuous process in which economic, demographic, social and even political factors.

Human Capital in the Middle East

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Author :
Publisher : Springer Nature
ISBN 13 : 3030422119
Total Pages : 314 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Human Capital in the Middle East by : Vijay Pereira

Download or read book Human Capital in the Middle East written by Vijay Pereira and published by Springer Nature. This book was released on 2020-08-20 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing evidence of the role of human capital on innovation in the Middle East, this edited collection closely examines the unique nature of the workforce in this region. It highlights the challenges that the United Arab Emirates faces in becoming more globally competitive, with emphasis on its unique socio-cultural context and a rapidly changing institutional set up. Filling a growing need for research – particularly in the context of the UAE’s ambition to become one of the world’s most innovative countries – the authors address six main themes: happiness; employee incentives; the restructuring and integration of employees; inclusion and diversity; employer and nation branding; and human capital and innovation. This book examines the global best practices firms in the UAE need to adopt in order to overcome weaknesses, setting an agenda for future research in the context of human capital and human resource management for the UAE.

The Future of Economic Development in the Gulf Cooperation Council States

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Author :
Publisher : Taylor & Francis
ISBN 13 : 100061851X
Total Pages : 181 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis The Future of Economic Development in the Gulf Cooperation Council States by : Weshah Razzak

Download or read book The Future of Economic Development in the Gulf Cooperation Council States written by Weshah Razzak and published by Taylor & Francis. This book was released on 2022-07-22 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gulf Cooperation Council (GCC) countries own 30 percent of the world’s proven oil reserves and largely depend on oil for their income. Yet the GCC faces serious challenges. The global demand for oil is expected to continue declining, and the average long-run oil price could become lower than its historical average in the future. This book is a research-based, structural macroeconomic analysis, providing evidence-based and future-facing policy recommendations for GCC governments. First, it analyzes historical data to explain the macroeconomic performance and economic policies of the GCC countries from 1970 to 2019. Then it presents ten-year dynamic stochastic projections from 2020 to 2030. The book examines debt sustainability and optimal fiscal policies – i.e., government spending and taxation. It also analyses structural issues, such as savings and productivity, from an institutional perspective, taking into account education, the labor market, and pension funds, as well as other factors that have a close effect on economic performance. The book is comprehensive and thorough, it relies on extensive econometric analyses, including rigorous time series analysis. The author uses both calibration of theoretical models and estimation, facilitating projections for the next decade of key economic variables under different policy scenarios. The book also assesses what the future of the GCC economies will look like if climate change and the COVID-19 pandemic continue to adversely affect oil supply and demand and the price of oil, given their current policies and institutions. As well as scholars and researchers of economics and finance, the book will engage policymakers in central banks, treasury departments, planning councils, research institutes, and think tanks.

Education and Jobs of the Future

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Author :
Publisher : Emirates Center for Strategic Studies and Research
ISBN 13 : 994825130X
Total Pages : 15 pages
Book Rating : 4.9/5 (482 download)

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Book Synopsis Education and Jobs of the Future by : The Emirates Center for Strategic Studies and Research

Download or read book Education and Jobs of the Future written by The Emirates Center for Strategic Studies and Research and published by Emirates Center for Strategic Studies and Research. This book was released on 2022-01-03 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ECSSR’s 10th Annual Education Conference, titled ‘Education and Jobs of the Future: Developing Qualified Human Capital to Secure the UAE’s Progress,’ underscored the paramount importance of education as the cornerstone of progress for any society. Held from November 12 to 13, 2019, the conference brought together leading experts to explore some of the most pertinent issues facing contemporary education, with a particular focus on the role of technology. The future of employment, and the skills required in the decades to come, is one of the most significant issues poised to impact our societies and economies. As education and employment are intrinsically linked, the nature of educational provision and how we tailor it to coming developments, will have a profound effect on workforces. At the heart of the issue is the pressing need for dynamic educational systems where students can hone a variety of skills. The value of critical thinking, to complement core technological competencies, cannot be overstated as we strive to support adaptable life-long learners who are able to play a productive role in the workplace of tomorrow. Focused on these vital issues, this book presents the most significant papers presented at the conference by experts from a variety of educational and vocational disciplines, locally and internationally. The first chapter considers the impact of the Fourth Industrial Revolution on higher education, where new technologies precipitate a realignment of STEM disciplines. Chapter Two focuses on the connection between outcomes-based education and the fulfillment of UAE national objectives. In Chapter Three, the role of Technical and Vocational Education and Training (TVET) is highlighted, with a specific look at its development and promotion in the UAE, while opportunities for people of determination as partners in development in the UAE are discussed in Chapter Four. Chapter Five broadens the scope with a look at international experiences in education, exploring an Innovation and Design program at the National University of Singapore, and in Chapter Six, an institutions-based, strategic approach highlights the opportunities in international collaboration in education. The development of Singapore’s national education system is the focus in Chapter Seven, illustrating the challenges and opportunities in one of the world’s most successful educational experiences. Continuing with the focus on higher education, Chapter Eight considers the Canadian context, and the factors in the establishment of its university system, which boasts some of the most prestigious institutions in the world. Finally, in Chapter Nine, the analysis turns to comprehensive education, and early childhood education in particular, to show how Finland has created a world-class educational model, while exploring some important lessons learned during its development. This book serves not only as a way to collate the knowledge shared during the ECSSR’s 10th Annual Education Conference, but aims to underscore the importance of education as the UAE embarks on a new phase in its strategic planning for the next fifty years of the nation’s journey.

Human Capital

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Author :
Publisher : American Univ in Cairo Press
ISBN 13 : 9789774247118
Total Pages : 368 pages
Book Rating : 4.2/5 (471 download)

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Book Synopsis Human Capital by : Ismail Abdel-Hamid Sirageldin

Download or read book Human Capital written by Ismail Abdel-Hamid Sirageldin and published by American Univ in Cairo Press. This book was released on 2002 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers issues of demography and development in the Middle East, the capital value of rising populations, the workings of the labor market, and the impact of migration and urbanization on the region.

Facing Human Capital Challenges of the 21st Century

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Author :
Publisher :
ISBN 13 :
Total Pages : 333 pages
Book Rating : 4.:/5 (12 download)

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Book Synopsis Facing Human Capital Challenges of the 21st Century by : Gabriella Gonzalez

Download or read book Facing Human Capital Challenges of the 21st Century written by Gabriella Gonzalez and published by . This book was released on 2008 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries in the Arab region are faced with the challenge of developing their populations' skills and technical knowledge, or human capital, in order to compete in the 21st century global economy. The authors describe the education and labor market initiatives implemented or under way in four countries in the Arab region-Lebanon, Oman, Qatar, and the United Arab Emirates (UAE)-to address the human resource issues they each face as they prepare their countries for a place in the 21st century global economy. Three of these countries-Oman, Qatar, and the UAE-are in the Arabian Gulf; the fourth, L.

Entrepreneurship In The Gulf Cooperation Council Region: Evolution And Future Perspectives

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Author :
Publisher : World Scientific
ISBN 13 : 1786348098
Total Pages : 197 pages
Book Rating : 4.7/5 (863 download)

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Book Synopsis Entrepreneurship In The Gulf Cooperation Council Region: Evolution And Future Perspectives by : Leo-paul Dana

Download or read book Entrepreneurship In The Gulf Cooperation Council Region: Evolution And Future Perspectives written by Leo-paul Dana and published by World Scientific. This book was released on 2021-01-19 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the current state of entrepreneurship development in the Gulf Cooperation Council (GCC) region, consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. It is a comprehensive state-of-the-art coverage of entrepreneurship and small business management issues, supported with theoretical discussion and empirical evidence. The book covers current processes in each country, paving the ways for potential investors, researchers, academics and professionals to better understand this region. An outcome of long-lasting endeavour, this book includes contributions from experts across the Gulf region.

The Future of Labour Market Reform in the Gulf Region

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Author :
Publisher :
ISBN 13 : 9783959940344
Total Pages : 0 pages
Book Rating : 4.9/5 (43 download)

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Book Synopsis The Future of Labour Market Reform in the Gulf Region by : Gerlach Press

Download or read book The Future of Labour Market Reform in the Gulf Region written by Gerlach Press and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As governments across the GCC strive to implement labour policies which accelerate the transition to "post oil" knowledge-based economies, this volume provides insights into the size of this challenge, along with analysis of progress to date. With a comprehensive coverage of the region (each GCC member is included in some respect), this new work provides unique insights into how the domestic policy agenda is shifting the region's moribund labour markets inexorably towards greater productivity, positivity, sustainability and efficiency. This volume is based on a workshop held at the Gulf Research Meeting organized by the Gulf Research Center Cambridge in summer 2016.

Economic Development in the Gulf Cooperation Council Countries

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Author :
Publisher : Springer Nature
ISBN 13 : 9811560587
Total Pages : 217 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Economic Development in the Gulf Cooperation Council Countries by : Héla Miniaoui

Download or read book Economic Development in the Gulf Cooperation Council Countries written by Héla Miniaoui and published by Springer Nature. This book was released on 2020-10-26 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book delves into the economic development of the six Gulf Cooperation Council (GCC) countries. Since the 1960s, the GCC states have harnessed their potential to exploit the wealth accrued from the oil boom to build their infrastructure and grow their economies. However, the high level of dependency on oil as the primary source feeding their output made their economies volatile and vulnerable to fluctuations in the global oil prices. Moreover, the plunge in oil prices and the threat of depletion of this natural resource pose serious challenges to the GCC countries. Consequently, the GCC governments have realized the importance of diversifying their economies following the need to move away from reliance on hydrocarbon. This book contributes to the theoretical literature by enriching the debate on the transition of the GCC countries from rentier states to diversified economies. It helps students and scholars understand this transformation with an expansive comprehension of the contemporary challenges facing the region, as well as outlining prospects for the future.

Perspectives on Human Capital Development

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Author :
Publisher : Palgrave Macmillan
ISBN 13 : 9789819752454
Total Pages : 0 pages
Book Rating : 4.7/5 (524 download)

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Book Synopsis Perspectives on Human Capital Development by : Ashraf Mishrif

Download or read book Perspectives on Human Capital Development written by Ashraf Mishrif and published by Palgrave Macmillan. This book was released on 2024-10-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines human capital development in the Middle East. It focuses on the investment in human capabilities, namely education and health, the two most critical components of growth and development. The book assesses the impact of the COVID-19 pandemic on the healthcare sector, with particular attention paid to effectiveness of public health policies and services, health expenditure, mortality rates, and psychological effects of the pandemic on the wider society. It also evaluates the pandemic effects on the education sector, more specifically medical education, physical education, emotional effects on students and teachers, method of communications, learning and teaching, and the extent to which digital readiness has minimized these effects. The book reveals the severity of the pandemic on human capabilities in terms of loss of lives, illness, vaccinations, knowledge acquisitions, skills development, and productivity, while providing new insights for governments to deal with similar crises in the future. It uses a variety of research methods and quantitative and qualitative techniques, country case studies, and primary data collected through survey questionnaires, interviews, and official reports to analyse the impact of the pandemic on health and education. The analyses are supported by statistical data and illustrated by tables and figures. Readers, students, researchers, industry practitioners and policy makers will benefit from the new insights offered by a diverse group of 40 professors, researchers, and industry experts from across the Middle East and beyond.

The Changing Wealth of Nations 2018

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464810478
Total Pages : 293 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Changing Wealth of Nations 2018 by : Glenn-Marie Lange

Download or read book The Changing Wealth of Nations 2018 written by Glenn-Marie Lange and published by World Bank Publications. This book was released on 2018-01-30 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries. The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealth for 141 countries over 20 years (1995†“2014) as the sum of produced capital, 19 types of natural capital, net foreign assets, and human capital overall as well as by gender and type of employment. Great progress has been made in estimating wealth since the fi rst volume, Where Is the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. New data substantially improve estimates of natural capital, and, for the fi rst time, human capital is measured by using household surveys to estimate lifetime earnings. The Changing Wealth of Nations 2018 begins with a review of global and regional trends in wealth over the past two decades and provides examples of how wealth accounts can be used for the analysis of development patterns. Several chapters discuss the new work on human capital and its application in development policy. The book then tackles elements of natural capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries, and ecosystems. This book targets policy makers but will engage anyone committed to building a sustainable future for the planet.

Economic Diversification in the GCC

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498303234
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Economic Diversification in the GCC by : Mr.Tim Callen

Download or read book Economic Diversification in the GCC written by Mr.Tim Callen and published by International Monetary Fund. This book was released on 2014-12-23 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.