Qatar: development of an oil economy
Since black gold catapulted the oil-producing countries into the limelight of the international political and economic scene, there has been a proliferation of studies on the larger exporting states, neglecting many of the small countries like Qatar. A detailed examination of the bases and extent of economic development in Qatar and consideration of the need to translate the petroleum-generated growth into viable, self-sustained development is presented for the first time. Qatar was first in the field of oil development and exhibits a number of special features not shared by its Gulf neighbors: in pre-oil boom days it was already in advance of many other Gulf states in the field of education; it has a modest agricultural sector and there is a comparatively strong attachment to the land; and it has played an important role in the Organization of Petroleum Exporting Countries (OPEC) as a member of the moderate price camp. The individual chapters trace the development of the oil industry, outline public financing and economic policy and sketch the issues involved in industrialization, absorptive capacity, and agricultural development. Examination is made of the social and physical infrastructure as well as money and banking, and the international linkages in trade, foreign aid, economic co-operation efforts and investment opportunities are elucidated. Planners in Qatar know that their revenue base in petroleum is finite, and thus investment of present surplus needs careful planning. Government priorities are outlined and areas for future investments are suggested.
- OSTI ID:
- 5245994
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
QATAR
ECONOMIC DEVELOPMENT
DEVELOPING COUNTRIES
ECONOMIC POLICY
GOVERNMENT POLICIES
INVESTMENT
PETROLEUM INDUSTRY
PLANNING
ASIA
INDUSTRY
MIDDLE EAST
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects