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“Kuwait: Trade and Investment,” by Ragaei El Mallakh, is an exhaustive study of Kuwait’s economic potential, activities, and its influence on the world economy. First published in 1979, the book offers a profound insight into the trade and investment scenario of Kuwait.
Despite its limited geographical extent, Kuwait has a significant presence in international finance, energy, and trade sectors. It boasts a capital-surplus economy and is a rapidly growing market for goods and services, despite being a developing country. The nation’s wealth is primarily sourced from a single, non-renewable asset—oil.
El Mallakh’s work is the culmination of twenty years of research and writing on Kuwait and its neighboring Gulf states. It includes interviews with Kuwaiti officials and leaders in finance and business. The book presents a plethora of detailed and practical information, much of which is not easily available elsewhere.
The book is organized into several chapters, each dedicated to a different facet of Kuwait’s economy. It starts with an overview of the Kuwaiti viewpoint, followed by a study of the socio-economic infrastructure. Later chapters explore the traits of a capital-surplus economy, potential for economic growth and business, trade opportunities, and the methodology of setting up and enhancing marketing operations in Kuwait.
El Mallakh further talks about generating and augmenting demand, the banking and monetary system, bilateral and multilateral agreements. The book also discusses trends and opportunities in investment. He scrutinizes the utilization of Kuwait’s capital-surplus funds in relation to the region, Europe, and the United States, and contemplates the country’s priorities for future international investment and development initiatives.
In conclusion, “Kuwait: Trade and Investment” is a valuable resource for anyone interested in understanding the intricacies of Kuwait’s economy and its role in the global market. It offers a practical and descriptive approach. It crystallizes perspectives on trade and investment pertaining to this small but increasingly important nation.
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Books mentioned in the article: “Kuwait: Trade and Investment,” by Ragaei El Mallakh
