The idea of universal basic income is catching on in the wealthy, oil-exporting Arabian Peninsula, a region where conditions for introducing a universal cash-grant system are more favorable.
LONDON – The notion of a government-provided universal basic income (UBI) has been gaining traction throughout the developed world. Although UBI policies face significant political and fiscal obstacles in the West, the idea is catching on in a region where conditions for introducing a universal cash-grant system are more favorable: the wealthy, oil-exporting Arabian Peninsula.
The Gulf oil monarchies, though largely authoritarian, already provide their citizens with very generous benefits, including free […]
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