The 2017 Gulf Crisis and Changes in Qatar's Economic Landscape

Abstract

This chapter analyzes the major transformations that Qatar's economy went through during the 2017 Gulf crisis. This chapter argues that the Gulf crisis has proved to be a "blessing in disguise." Qatar confronted unprecedented economic challenges immediately after the blockade, which forced it to take three broad policy initiatives: domestic production, trade diversification and crisis management strategy. This broad policy shift spawns immediate benefits for the country in managing the crisis effectively as well as in making the country resilient to international shocks, whether it is the COVID-19 pandemic or Ukraine war.