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Absorptive capacity of Kuwait: domestic and international perspectives

Book ·
OSTI ID:6745296
Kuwait is a small country with a small population and little industry to absorb the income from its oil exports. Dwindling internal investment opportunities had already presented the problems of surplus wealth before the emergence of OPEC in the 1970s and the resultant price hike in crude oil. The problem of absorptive capacity and its role in long-range planning have become more acute since. An overview of the economic, political, and social constraints confronting Kuwait's leaders provides insight into the structure and policies of the country and information on Kuwaiti relations with other Arab nations as well as with the rest of the world. Using a macroeconomic approach, the authors build a forecasting model to project future absorptive-capacity problems, and they provide optimistic solutions for the betterment of the entire region. 63 references, 3 figures, 48 tables.
OSTI ID:
6745296
Country of Publication:
United States
Language:
English