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Private Sector and Economic Diversification in Kuwait

  • Anastasia Nosova
Chapter
Part of the The Political Economy of the Middle East book series (PEME)

Abstract

This chapter attempts to analyse the complex attitude of Kuwaiti business towards the government’s economic restructuring and rationalisation measures. We argue that the private sector, in its current state, that is, in its monopolistic, elitist form with reserved preferential treatment from authorities, forms its attitudes towards reform policies in accordance with its rent-seeking interests. Therefore, it is supportive of the initiatives that are aimed at the expansion of the scope of the private sector’s activity. However, policies that are intending to shift the employment burden on the private sector or broaden the scope of actual private sector players through encouraging new and foreign businesses do not fall in line with the interests of the established business actors and are strongly opposed.

Keywords

Kuwait Private sector Business elite Economic reforms Diversification 

Notes

Acknowledgement

This research was supported by the UK Economic and Social Research Council under Grant ES/J012696/1.

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Copyright information

© Gulf Research Centre Cambridge 2018

Authors and Affiliations

  • Anastasia Nosova
    • 1
  1. 1.London School of EconomicsLondonUK

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