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Trials of Resilience by Jarmo Kotilane (Hardback)
£25.00
Available
Product Ref. (e.g. ISBN, SKU)
9781908531193
Published:
18 Mar 2020
Format:
Hardback
Number of pages:
180 pages
Dimensions:
221x142x25mm
Weight:
0.450kgs
Author:
An insightful companion for the journey charting the economic future of the Arabian Gulf as it emerges from the pandemic.
The Gulf region can no longer rely on the traditional growth drivers - oil, government spending, and large infrastructure projects. The anticipated rise in living standards must come by other means. But the extraordinary destruction of demand during the pandemic has underscored the persistent volatility of oil markets.
Ultimately, the crisis has also shown that the region needs stronger businesses now more than ever. The long-standing and deeply felt need to bring the private sector to the forefront, driving growth through businesses that are more dynamic and technology-based, has to be a central tenet of all government policy in the region. This is where the role of the virus will be ambiguous. By revealing the risks and costs of trying to stand by 'business as usual', it will serve as an important wake-up call for the need to plan for longer term prosperity. Nowhere is this more so than in the corporate sector and the labour markets, where the virus might even serve as a powerful catalyst for changes that have been anticipated for decades.
About the Author: Jarmo T. Kotilaine has held a range of positions in the financial services sector and at government-related entities in the Gulf region, including the National Commercial Bank of Saudi Arabia and the Bahrain Economic Development Board. He currently works at a fund tasked with supporting economic diversification in Bahrain. He has written widely in the regional media on economic financial market issues. He previously worked for a number of years as an economic and financial consultant with a primary focus on financial sector development in emerging markets. Dr Kotilaine studied economics and economic history at Oxford, Cambridge, and Harvard.
| Number of pages | 180 |
|---|
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