PROBLEMS OF ECONOMIC MODERNIZATION IN “RENTIER” ECONOMIES ON THE EXAMPLE OF THE ARAB OIL-EXPORTING STATES

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Abstract


The article deals with the problem of an economic modernization in oil-based “rentier” economies on the example of the Arab countries. The main attention is paid to fiscal policy in oil-exporting countries, public spending and to the problem of calibration of economic policy between competing short and long-term objectives and pressures, and also to it’s adaptation to the world economy trends

Gurgen L Gukasyan

Institute of Oriental Studies of the Russian Academy of Sciences

Email: gukasyan_gl@pfur.ru
Center of Arab and Islamic Studies

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Copyright (c) 2014 Гукасян Г.Л.

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