The Emergence of Modern Kuwait

M. W. Khouja and P. G. Sadler

Chapter 3 in The Economy of Kuwait, 1979, pp 25-36 from Palgrave Macmillan

Abstract: Abstract The emergence of Kuwait’s modern economy goes back to 1946 when the first oil shipment was exported. The country’s growth since then has largely mirrored the smooth and swift exploitation of its vast oil reserves. Within a span of no more than fifteen years its population came to enjoy living standards normally considered the prerogative of the most developed among the industrialised countries. The pattern of growth that Kuwait has experienced since 1946, the development of its infrastructure, institutions and the welfare system that has evolved are unparalleled in modern history. This chapter is thus devoted to analysing the main features of the country’s economic growth and development as the commercial production of oil commenced and the modern economy of Kuwait began to evolve.

Keywords: Welfare System; Desalination Plant; Support Housing Programme; Food Subsidy Programme; Desert Country (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03500-7_3

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DOI: 10.1007/978-1-349-03500-7_3

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