Authors: Amer Al-Roubaie, Jamal Al-Zayer
Addresses: Dean of College of Business and Finance, Ahlia University, Manama, Bahrain. ' King Fahd University for Petroleum and Minerals, Dhahran, Saudi Arabia
Abstract: The failure of conventional development to combat poverty has given rise to the concept of sustainable development. After decades of experience with Western economic models, the non-industrialised countries continue to suffer from inadequate economic stimulus to sustain growth. The Gulf Cooperation Council (GCC) countries of the Arabian Gulf are newly emerging states intending to obtain developed countries status and to manage globalisation. Technology transfer could provide alternative means for rapid growth and sustaining development by substituting capital for labour. To this end, vigorous policy measures and strong government backing must be introduced if these countries will have a chance for achieving their objectives.
Keywords: sustainable development; technology transfer; socio-economic issues; globalisation; GCC; Gulf Cooperation Council; Middle East.
World Review of Entrepreneurship, Management and Sustainable Development, 2006 Vol.2 No.3, pp.175 - 188
Published online: 31 May 2006 *Full-text access for editors Access for subscribers Purchase this article Comment on this article