ABSTRACT
Kuwait's planners are aware of the problems entailed by an efficiently sized industrial sector. The decision to industrialize was reached by the lack of any other suitable alternatives, and by Kuwait's present and potential role in the regional framework. Kuwait has a training center for Arab diplomats and government officials; a law and development center is planned to teach Arab lawyers international law. Attempts are continuing to be made on multilateral and bilateral levels to achieve an economic union. On the multilateral level is the Inter-Arab Investment Guarantee Corporation subscribed to by fourteen Arab nations with the purpose of insuring private Arab investors against noncommercial risks in investments in other Arab countries. Bilateral government deals also sacrificed proper apportionment of specific fuel requirements. Western officials who have voiced fears of Arab takeovers of major industries should consider the benefits of mutual cooperation in technical and industrial areas.
