Contributor(s): Raphael Espinoza | Raphael Espinoza's talk will analyse the challenges created by the changes the economies of the Gulf states have gone through in the last decade, spurred by high oil prices and ambitious diversification plans. Raphael Espinoza is an economist in the research department at the International Monetary Fund and an external research associate at the Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford. Danny Quah is Kuwait Professor of Economics and International Development (endowed by the Kuwait Foundation) and Director of the LSE Kuwait Programme.