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Economic Diversification in the GCC and the Korean Experience

  • Minju Lee
Chapter
Part of the The Political Economy of the Middle East book series (PEME)

Abstract

This chapter examines the current diversification challenges of the GCC countries and the Korean experience of economic breakthroughs in order to see how the latter’s footsteps can provide useful clues for the former’s planning of the next phase of their diversification toward sustainable growth. To that end, two exploratory questions are addressed in this chapter: One, why the Korean experience is a relevant example for the GCC diversification challenges? Two, what suggestions can be made from the Korean experience for the GCC diversification challenges? While answering the questions, this chapter employs a comparative analysis as an overarching methodological framework to underline the relevance between the GCC diversification challenges and the Korean experience of economic development.

Keywords

Economic policy Korean experience GCC economic diversification Political economy Economic development 

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Copyright information

© Gulf Research Centre Cambridge 2018

Authors and Affiliations

  • Minju Lee
    • 1
  1. 1.Gulf Studies ProgramQatar UniversityChungjuSouth Korea

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