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Entrepreneurship in a transformative and resource-rich state: The case of Qatar
Countries blessed with natural resources have generally struggled to achieve sustainable economic development and prosperity. Population growth, the depletion of natural resources coupled with mismanagement, and sharp fluctuations in prices of those resources are among the main reasons for sub-optim...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier Ltd.
2020
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7177140/ https://www.ncbi.nlm.nih.gov/pubmed/32328441 http://dx.doi.org/10.1016/j.exis.2020.04.002 |
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author | Tok, Evren Koç, Muammer D'Alessandro, Cristina |
author_facet | Tok, Evren Koç, Muammer D'Alessandro, Cristina |
author_sort | Tok, Evren |
collection | PubMed |
description | Countries blessed with natural resources have generally struggled to achieve sustainable economic development and prosperity. Population growth, the depletion of natural resources coupled with mismanagement, and sharp fluctuations in prices of those resources are among the main reasons for sub-optimal economic performance. Some resource-rich countries have been expending effort and money in an attempt to change this inverse relationship (a.k.a. “the resource curse”) by designing policies to diversify their economies with high value-added industries and sectors. Qatar is a such country and point of the interest in this article. Qatar's political and economic structure, its efforts to diversify its economy, and the potential for improved entrepreneurial outcomes with high value-added products, services, businesses, and industries are analyzed. The country has been very effective in maximizing the benefits of its oil resources and especially its large natural gas reserves, becoming the largest exporter of liquefied natural gas (LNG) in the world. Revenues from oil and gas sales have been invested in the domestic economy and global assets. Thus far, however, it has not shown the in-house capacity for innovation and entrepreneurship critical for sustainable economic diversification going forward. This publication was made possible in part by NPRP grant #10–1203–160007 from the Qatar National Research Fund (a member of the Qatar Foundation). |
format | Online Article Text |
id | pubmed-7177140 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2020 |
publisher | Elsevier Ltd. |
record_format | MEDLINE/PubMed |
spelling | pubmed-71771402020-04-23 Entrepreneurship in a transformative and resource-rich state: The case of Qatar Tok, Evren Koç, Muammer D'Alessandro, Cristina Extr Ind Soc Original Article Countries blessed with natural resources have generally struggled to achieve sustainable economic development and prosperity. Population growth, the depletion of natural resources coupled with mismanagement, and sharp fluctuations in prices of those resources are among the main reasons for sub-optimal economic performance. Some resource-rich countries have been expending effort and money in an attempt to change this inverse relationship (a.k.a. “the resource curse”) by designing policies to diversify their economies with high value-added industries and sectors. Qatar is a such country and point of the interest in this article. Qatar's political and economic structure, its efforts to diversify its economy, and the potential for improved entrepreneurial outcomes with high value-added products, services, businesses, and industries are analyzed. The country has been very effective in maximizing the benefits of its oil resources and especially its large natural gas reserves, becoming the largest exporter of liquefied natural gas (LNG) in the world. Revenues from oil and gas sales have been invested in the domestic economy and global assets. Thus far, however, it has not shown the in-house capacity for innovation and entrepreneurship critical for sustainable economic diversification going forward. This publication was made possible in part by NPRP grant #10–1203–160007 from the Qatar National Research Fund (a member of the Qatar Foundation). Elsevier Ltd. 2020-04-23 /pmc/articles/PMC7177140/ /pubmed/32328441 http://dx.doi.org/10.1016/j.exis.2020.04.002 Text en © 2020 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
spellingShingle | Original Article Tok, Evren Koç, Muammer D'Alessandro, Cristina Entrepreneurship in a transformative and resource-rich state: The case of Qatar |
title | Entrepreneurship in a transformative and resource-rich state: The case of Qatar |
title_full | Entrepreneurship in a transformative and resource-rich state: The case of Qatar |
title_fullStr | Entrepreneurship in a transformative and resource-rich state: The case of Qatar |
title_full_unstemmed | Entrepreneurship in a transformative and resource-rich state: The case of Qatar |
title_short | Entrepreneurship in a transformative and resource-rich state: The case of Qatar |
title_sort | entrepreneurship in a transformative and resource-rich state: the case of qatar |
topic | Original Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7177140/ https://www.ncbi.nlm.nih.gov/pubmed/32328441 http://dx.doi.org/10.1016/j.exis.2020.04.002 |
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