Gulf Region Economic Development Quiz

Play an AI-generated podcast conversation about this lesson

Which of the following is NOT a reason why diversification is important?

To limit the impact of fluctuations in the oil price and quantity produced

To reduce or spread risk

To create job opportunities for a rapidly growing local labor force (correct)

To promote economic development

According to the ESCWA study, which of the following is NOT a measure applied by GCC countries to achieve economic diversification?

Development of the physical and social infrastructure

Increase in the direct role of the public sector as an agent of economic growth (correct)

Development of capital-intensive industries that utilize hydrocarbon resources

Development of other manufacturing industries

Which sector has the highest share in the GDP of GCC countries?

Capital-intensive industries (correct)

Productive sectors and services

Physical and social infrastructure

Manufacturing industries

What is the main comparative advantage of GCC countries in terms of industries?

Hydrocarbon resources Signup and view all the answers

Why is diversification important for GCC countries?

All of the above Signup and view all the answers

What is the purpose of the ESCWA study mentioned in the text?

To summarize measures applied by GCC countries for economic diversification Signup and view all the answers

What is the direct role of the public sector in economic growth, according to the text?

None of the above Signup and view all the answers

What is the role of taxation in the Gulf countries?

Not mentioned in the text Signup and view all the answers

What is the source of the information provided in the text?

Economic and Social Commission for Western Asia Signup and view all the answers

What is the main focus of the text?

Economic diversification in GCC countries Signup and view all the answers

Which one of these countries is NOT mentioned as an oil-producing country in the text?

Egypt Signup and view all the answers

Which one of these statements about a rentier state is correct?

The national citizens do not enjoy any exclusive rights. Signup and view all the answers

Which one of these statements about a rentier economy is correct?

The government is the principal recipient of the external rent. Signup and view all the answers

Which one of these is a characteristic of an allocation state?

Rentier income predominates. Signup and view all the answers

Which one of these statements about oil rentier states is correct?

Water availability hinders development in other sectors. Signup and view all the answers

Which one of these countries is the largest exporter of petroleum?

Saudi Arabia Signup and view all the answers

Which one of these sectors contributes the least to Saudi Arabia's GDP?

Agriculture Signup and view all the answers

Which one of these statements about Dubai is correct?

Dubai is the largest emirate of the United Arab Emirates. Signup and view all the answers

Which one of these statements about economic diversification is correct?

Oil revenue fluctuation affects government spending and employment. Signup and view all the answers

Which one of these countries has the highest GDP per capita?

Qatar Signup and view all the answers

Which economist popularized the concept of rentier state theory?

Hussein Mahdavy Signup and view all the answers

What is the main source of revenue in rentier states?

Income from external sources Signup and view all the answers

What does the term 'rents' refer to in the context of a rentier state?

External income Signup and view all the answers

What is the relationship between a rentier state and its citizens?

The government buys political loyalty Signup and view all the answers

What is the term preferred by Hazim Beblawi and Giacomo Luciani to describe oil-dependent countries?

Rentier economy Signup and view all the answers

What is the main consequence of a rentier economy?

Autonomy of the government from society Signup and view all the answers

What is the main focus of rentier state theory?

Explaining the political economy of countries Signup and view all the answers

What is the term used to emphasize the strong connection between the economy and the state in oil-dependent countries?

Oil rentier state Signup and view all the answers

What is the main source of revenue for Gulf countries?

Oil exports Signup and view all the answers

What does the term 'rentier' mean in the context of economic development in the Gulf region?

A country relying on external income Signup and view all the answers