[PDF.14ml] Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies

Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies

[PDF.vm42] Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies

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 | #2985582 in eBooks |  2016-05-04 |  2016-06-21 | File type: PDF

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|| |"Expert scholars perceptively examine the issues posed by the double-edged sword of oil wealth. They take full account of differences among the Arab countries between those with high population and those with high wealth." |Jeffrey Frankel, Harvard University

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 econ...

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