Viability of industrial integration within the Gulf Cooperation Council: the case of petrochemical industries

Thesis/Dissertation · Sat Jan 01 00:00:00 EST 1983

OSTI ID:5571464

Al-Sabban, M S

The formation of the Gulf Cooperation Council (GCC) in 1981 among six Arab Gulf countries - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates - was an essential step toward the comprehensive economic development of the region. These countries, with their great though declining financial capability arising from oil as the main source of income, had already tried individually to diversify their economies in order to decrease their total reliance on crude oil income in the wake of the world oil glut. Their limited base of natural resources other than oil is a major constraint. Industrialization, and specifically, industrialization through oil-based industries, seems to be the most-viable approach they have toward their successful economic development. This study concentrates on the issues of regional economic and industrial development as the main factor for economic gain that may result from the GCC scheme. The experience of different integration schemes provides some beneficial lessons for the GCC. The GCC region has a comparative advantage in petrochemical industries, which suit the region's factor endowments, arising from the availability of cheap energy feedstock.

• OSTI ID: 5571464
• Resource Relation: Other Information: Thesis (Ph. D.)
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
MIDDLE EAST
PETROCHEMICAL PLANTS
PERSIAN GULF
ECONOMIC IMPACT
REGIONAL COOPERATION
ECONOMIC DEVELOPMENT
ARABIAN SEA
CHEMICAL PLANTS
COOPERATION
INDIAN OCEAN
INDUSTRIAL PLANTS
SEAS
SURFACE WATERS
020700* - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum
290200 - Energy Planning & Policy- Economics & Sociology