Wednesday, February 15, 2006

A Case for "Gulfstat" :: IMF

Quote:
The authors survey the statistical institutions in the GCC countries and present the case for creating "Gulfstat"-a regional statistical agency to operate within a "Gulf States System of Statistics."
My take: GCC countries are run like family-owned businesses. One of the advantages of family-owned businesses is that you do not have to reveal your internal data to the market. Somehow I doubt much has changed that would induce member countries to collect and reveal data that could be potentially embarrassing. Not that there is a great deal to be embarrassed about, but that there is a strong preference to avoid any possible loss of face.

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2 Comments:

Blogger John N. Haskell said...

Sir,

I'm an senior Econ major at Vanderbilt who's writing a term paper on economic diversification and cluster-building (as in Porter's clusters) in the UAE's economy. I'm looking for information on debt build-up in the UAE but its proving difficult for the reasons you listed above. It isn't covered in the World Bank's GDF publication. Are you aware of any alternative sources for this kind of information? How does the country go about issuing bonds without being more transparent, or does it simply rely on organic funding (oil receipts)?

I'd appreciate your input.

11:19 PM  
Anonymous Nichole said...

Oh my god, there's so much helpful info here!

6:31 PM  

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