01749cas a2200253 a 4500 AALejournalIMF014736 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498310642 1018-5941 BD-DhAAL BD-DhAAL Cherif, Reda. Soaring of the Gulf Falcons : Diversification in the GCC Oil Exporters in Seven Propositions / Reda Cherif, Fuad Hasanov. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (55 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market failures rather than government failures. To tackle market failures, the government needs to change the incentive structure for workers and firms. Experiences of oil exporters that managed to diversify suggest that a focus on competing in international markets and an emphasis on technological upgrade and climbing the 'quality ladder' are crucial. Mode of access: Internet Hasanov, Fuad. IMF Working Papers; Working Paper ; No. 2014/177 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/177/001.2014.issue-177-en.xml IMF e-Library