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Qatar 1995 2020 Economic Change Literature Review

Paragraph: Economic Change in Qatar/Introduction to Social Change in Qatar

Very few countries have experienced economic transformation to the extent that Qatar has over the last few decades. As it has been indicated elsewhere in this discussion, one key factor that has been instrumental in the economic transformation of Qatar is the countrys discovery and subsequent development of the hydrocarbon sector. As a matter of fact, this could be considered the primary motor of the countrys economic and social progress over the last 8 decades following the discovery of oil in 1940. It is important to note that although, as Harkness (2020) points out, the non-oil economy also been on an upward trend as well (growing by as much as 10% in the preceding decade 2000-2011), the said growth cannot be set aside from the hydrocarbon industry because it was the investments that were made in construction, utilities and transportation projects to benefit the hydrocarbon sector that contributed to the growth (79). Alongside the economic growth, the country has also experienced a great deal of social change. It would be prudent to also explore the said social changes over the last few decades.

References

Harkness, G. (2020). Changing Qatar: Culture, Citizenship, and Rapid Modernization. New York, NY: NYU Press.

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References

Arnold, R. (2007). Economics. Mason, OH: Cengage Learning.

Cameron, P.D. & Stanley, M.C. (2017). Oil, Gas, and Mining: A Sourcebook for Understanding the Extractive Industries. New York, NY: World Bank Publications.

Etheredge, L. (Ed.) (2011). Persian Gulf States: Kuwait, Qatar, Bahrain, Oman, and the United Arab Emirates. New York, NY: The Rosen Publishing Group.

Hussein, Z.R. (2017). Qatar diplomatic crisis. Retrieved from https://www.ohchr.org/en/NewsEvents/Pages/DisplayNews.aspx?NewsID=21739&LangID=E IMF (2019). Qatar Selected Issues. Retrieved from https://www.imf.org/~/media/Files/Publications/CR/2019/1QATEA2019002.ashx KPMG (2014). Investing in Qatar. Retrieved from https://assets.kpmg/content/dam/kpmg/pdf/2015/04/investing-in-qatar.pdf

Oxford Business Group (2015). The Report: Qatar 2015. New York, NY: Oxford Business Group.

Oxford Business Group (2012). Foundations for growth: Investing in non-hydrocarbons sectors to ensure long-term expansion. Retrieved from https://oxfordbusinessgroup.com/overview/foundations-growth-investing-non-hydrocarbons-sectors-ensure-long-term-expansion

Oxford Business Group (2007). The Report: Emerging Qatar 2007. New York, NY: Oxford Business Group.

Stocker, M., Baffes, J. & Vorisek, D. (2018). What triggered the oil price plunge of 2014-2016 and why it failed to deliver an economic impetus in eight charts. Retrieved from https://blogs.worldbank.org/developmenttalk/what-triggered-oil-price-plunge-2014-2016-and-why-it-failed-deliver-economic-impetus-eight-charts

U.S. Energy Information Administration – EIA (2015). Qatar. Retrieved from https://www.eia.gov/international/content/analysis/countries_long/Qatar/qatar.pdf

World Bank (2020). Unemployment, total (% of total labor force) (modeled ILO estimate) – Qatar. Retrieved from https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS?locations=QA

Wang, Z. (2019). The Principle of Trading Economics. Gateway East, Singapore: Springer Nature.

Walters, T. (2020). Unemployment Rates: The Highest and Lowest in the World. Retrieved from https://www.investopedia.com/articles/personal-finance/062315/unemployment-rates-country.asp

Yancken, D. & Wilkinson, D. (2001). Resetting the Compass: Australia's Journey Towards Sustainability. Oxford Street, Collingwood: Csiro Publishing.

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