Privatizing the Gulf
As uncertainty about the Arab Spring persists, and with discontent rising at home, the Gulf states are taking measures to stem the tide of revolution. But, in order to achieve sustainable long-term growth, Gulf leaders must stop focusing on public-sector expansion and begin stimulating private-sector growth.
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JEDDAH – As the Arab world undergoes fundamental changes, its leaders must adapt fast or risk popular uprisings – a lesson that has not been lost on the countries of the Gulf Cooperation Council (GCC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. With their neighbors embroiled in internal conflict or in the midst of difficult transitions, and with discontent rising at home, the Gulf states are eager to stem the tide of revolution.