VOL. XXXVIII
NO. 29
17-APRIL-1995
Financial and Banking News
Financial Policy
Financial Policy In The Gulf: Revolution Or Rearguard Action?
The economies of the Gulf states are passing through a period of change morefundamental than any since the first oil shock of 1973-74. That first infusionof oil wealth hurled the Gulf economies into the global industrial system andendowed them with a modern infrastructure. The policies and expectations createdin the mid-1970s were recharged in the early 1980s...
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