Understanding and avoiding the oil curse in resource-rich Arab economies:

For over eighty years the Arab region has derived massive wealth from its natural resources, yet the region's economies remain little diversified, while the oil market is experiencing major structural shifts with the advent of shale gas. Moreover, the resource itself is eventually exhaustible....

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Bibliographic Details
Other Authors: Elbadawi, Ibrahim (Editor), Selim, Hoda (Editor)
Format: Electronic eBook
Language:English
Published: New York Cambridge University Press 2016
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Online Access:BSB01
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Summary:For over eighty years the Arab region has derived massive wealth from its natural resources, yet the region's economies remain little diversified, while the oil market is experiencing major structural shifts with the advent of shale gas. Moreover, the resource itself is eventually exhaustible. Under these conditions economic prosperity cannot be sustainable. The critical question is how can the countries of this region escape the 'oil curse'? In this volume, leading economists argue that the curse is not a predestined outcome but a result of weak institutions and bad governance. A variety of analytical perspectives and examination of various international case studies leads to the conclusion that natural resources can only spur economic development when combined with sound political institutions and effective economic governance. This volume, with its unique focus on the Arab region, will be an important reference for researchers and policy makers alike
Item Description:Title from publisher's bibliographic system (viewed on 04 Jul 2016)
Physical Description:1 online resource (xxii, 474 pages)
ISBN:9781316493854
DOI:10.1017/CBO9781316493854

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