The State of Qatar

Abstract

Since 1990s, with its improving economy and its wise international strategies, Qatar has been a growing power of MENA. Although Qatar is a tiny peninsula country with a very little population, the country refused to be a rentier monarchy. Today, as one of the greatest Liquid Natural Gas (LNG) suppliers, Qatar became one of the wealthiest countries of the world. However, since the economy is heavily dependent on hydrocarbon products, the country has been dealing with diversifying the economy. Besides, there has been great infrastructure investments to modernize the country. However, since the country is located at a very hot point of the Middle East, the country has to follow fine tuning political strategies due to great conflicts in its neighbors. Besides, Qatar needs to improve not only economical but also political relations with the region countries. Below, macroeconomic performance of Qatar and international relations of the country will be explained. © 2018, IGI Global. All rights reserved.