When Can Oil Economies Be Deemed Sustainable?

Giacomo Luciani teaches at the Graduate Institute of International and Development Studies in Geneva, and at the Paris School of International Affairs, Sciences Po in Paris. His edited book “The Rentier State” (1987, with H. Beblawi), is frequently cited as reference for the concept. His latest edited book, “Combining Economic and Political Development” (2017), discusses economic policies to support democratic transitions and is available in open access. Tom Moerenhout teaches at Columbia University’s School of International and Public Affairs and is a scholar at SIPA’s Center on Global Energy Policy. He is involved as a practitioner on energy sector and structural reforms through his work as a consultant for the World Bank, International Institute for Sustainable Development and Bill & Melinda Gates Foundation, among others.

1. Framing the economic sustainability of oil economies.- 2. Fiscal sustainability, the labour market, and growth in Saudi Arabia.- 3. Outlook for producer economies.- 4. Economic diversification in Arab oil-exporting countries in the context of peak oil and the energy transition.- 5. Economic Diversification and Sustainable Development of GCC Countries.- 6. Redefining economic sustainability in resource-rich states: Comparative lessons.- 7. Fuel and electricity reform for economic sustainability in the Gulf.- 8. Fiscal sustainability and hydrocarbon endowment per capita in the GCC.- 9. GCC fiscal reforms and labor market policies.- 10. Economic diversification and job creation in the Arab Gulf countries: Applying a value chain perspective.- 11. Climate strategy for producer countries: The case of Saudi Arabia.- 12. The sustainability of GCC development under the new global oil order.