QATAR: ECONOMY MODERNIZATION IN THE CURRENT STAGE

10.31857/S032150750009091-2

Vladimir A. ISAEV
Dr.Sc. (Economics), Institute of Asian and African Studies, Lomonosov Moscow State University ( This email address is being protected from spambots. You need JavaScript enabled to view it. )

Alexander O. FILONIK
PhD (Economics), Leading Research Fellow, Institute of Oriental Studies, Russian Academy of Sciences ( This email address is being protected from spambots. You need JavaScript enabled to view it. )

   The article analyses problems of building-up the contemporary Qatari economy resting on the earlier accumulated petrodollars ensuring further development of the country including the post-oil era. In this regard the plans of the Qatari’s leadership related to the implementation of socio-economic reforms, laid out in the Vision 2030 are under study. The article debates the strategy of economic growth motivating overhaul development of both national banking system and infrastructure that made it possible to put their actives in line with the traditional source of capital increase associated with the extraction and export of oil and gas. The article deals with economic methods embraced by this modest-sized monarchy in the Persian gulf area that have helped the government in building-up highly efficient reproduction system mainly capable to secure goals of socio-economic development of Qatar. Such a success was achieved by the country not only due to the gigantic reserves of energy material, but by the motif-based policy in modernization of national economy as well. Owing to the acquired advantages the country has managed to set itself as one of the main suppliers of the liquefied gas to the world market and to address additional financial resources with the purpose to speed up modernization of the socio-economic structure of the state.

Qatar, oil and gas industry, petrodollars, national economy, Vision 2030, socio-economic reforms