Postscript
Published in Breaking the Oil Spell • Apr 1, 2016
Authors:,,
Reda Cherif
Fuad Hasanov
Min Zhu
Abstract
The “Gulf Falcons”—the countries of the Gulf Cooperation Council—have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for the Gulf Falcons to diversify away from their current heavy reliance on oil ...
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