ECONOMIC MODERNIZATION POLICY IN THE ARAB OIL-EXPORTING STATES

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Abstract


The article deals with the practice of macroeconomic policy in the Arab oil-exporting states which implement strategy of large-scale economic modernization. Reality of transitional economy demands specific forms of state-private partnership to achieve significant socio-economic results. The Arab oil-exporting states experience of economic modernization proves that management of national market can’t be effective without consolidated sectors with state participation.

About the authors

G L Gukasyan

Institute of Oriental Studies of the Russian Academy of Sciences

Email: gukasyan.gurgen@yandex.ru
Centre for Arab and Islamic Studies

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Copyright (c) 2014 Гукасян Г.Л.

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