Many natural resource-dependent countries have tried to restructure government finances in the wake of falling commodity prices, with little success. However, Bahrain’s current efforts may bear fruit.
Omar Al-Ubaydli is a non-resident fellow at the Arab Gulf States Institute in Washington as well as the program director for International and Geopolitical Studies at the Bahrain Center for Strategic, International and Energy Studies (Derasat). He is additionally an affiliated associate professor of economics at George Mason University and an affiliated senior research fellow at the Mercatus Center. His research interests include political economy, experimental economics, and the economics of the GCC countries. Al-Ubaydli previously served as a member of the Commonwealth of Virginia’s Joint Advisory Board of Economists and a visiting professor of economics at the University of Chicago. He regularly publishes his research in international peer-reviewed academic journals, and his mainstream media articles appear in Arabic and English-language newspapers and blogs such as Al-Hayat, Newsweek ME, Forbes Opinion, and US News. Al-Ubaydli earned his BA in economics from the University of Cambridge, and his MA and PhD in economics from the University of Chicago.
This paper uses economic theory to demonstrate the negative implications of subsidies.
Bahrain recently hosted the sixth meeting of the interagency and expert group on the sustainable development goals (SDGs), the successor to the Millennium Development Goals (MDGs), gathering international experts from dozens of countries and U.N.
The concept of think tanks flourished in the west during the twentieth century after the establishment of the world’s first think tank in the United Kingdom during the early nineteenth century (RUSI).
Augustine of Hippo once remarked: “The world is a book and those who do not travel read only one page.” In the last few years, the Bahraini government has launched a multipronged strategy to ensure that the kingdom’s page is more frequently read by the world’s travelers.
This marks the start of a new weekly feature in which Omar Al Ubaydli answers questions on economics.
In 2011, the UAE dramatically reformed its kafala system by allowing migrant workers with expiring contracts to change employers without the initial sponsor’s permission.
From the days of antiquity, through to the middle of the twentieth century, economics was largely a deductive and narrative discipline.
The presence of large migrant communities has made the Gulf Cooperation Council (GCC) countries a lightning rod for an immigration debate.