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Understanding And Avoiding The Oil Curse In Resource Rich Arab Economies
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Book Synopsis Understanding and Avoiding the Oil Curse in Resource-rich Arab by : Ibrahim Elbadawi
Download or read book Understanding and Avoiding the Oil Curse in Resource-rich Arab written by Ibrahim Elbadawi and published by Cambridge University Press. This book was released on 2016-07-14 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: A variety of perspectives from leading economists provides fresh insight into how Arab countries may best exploit their oil revenues.
Book Synopsis Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies by : Ibrahim Elbadawi
Download or read book Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies written by Ibrahim Elbadawi and published by Cambridge University Press. This book was released on 2016-07-14 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 policymakers alike.
Book Synopsis Institutions and Macroeconomic Policies in Resource-rich Arab Economies by : Kamiar Mohaddes
Download or read book Institutions and Macroeconomic Policies in Resource-rich Arab Economies written by Kamiar Mohaddes and published by . This book was released on 2019 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: For over eighty years the Arab region has been deriving massive wealth from its natural resources. Nevertheless, its economic performance has been at the mercy of ebbs and flows of oil prices and its resources have been slowly depleting. The two critical questions are why and how Arab countries might escape the oil curse. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies focuses on the unique features of the Arab world to explain the disappointing outcomes of macroeconomic policy. It explores the interaction between oil and institutions to draw policy recommendations on how Arab countries can best exploit their oil revenues to avoid the resource curse. Case studies and contributions from experts provide an understanding of macroeconomic institutions (including their underlying rules, procedures and institutional arrangements) in oil-rich Arab economies and of their political economy environment, which has largely been overlooked in previous research. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies offers novel macroeconomic policy propositions for exchange rate regimes, fiscal policy and oil wealth distribution that is more consistent with macroeconomic stability and fiscal sustainability. These policy reforms, if implemented successfully, could go a long way in helping the resource-rich countries of the Arab region and elsewhere to avoid the oil curse.
Book Synopsis Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies by : Ibrahim Elbadawi
Download or read book Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies written by Ibrahim Elbadawi and published by . This book was released on 2016 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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"--
Download or read book The Oil Curse written by Michael L. Ross and published by Princeton University Press. This book was released on 2013-09-08 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explaining—and solving—the oil curse in the developing world Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats—and twice as likely to descend into civil war—than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
Book Synopsis Oil Wealth and the Poverty of Politics by : Miriam R. Lowi
Download or read book Oil Wealth and the Poverty of Politics written by Miriam R. Lowi and published by Cambridge University Press. This book was released on 2009-11-12 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can we make sense of Algeria's post-colonial experience - the tragedy of unfulfilled expectations, the descent into violence, the resurgence of the state? Oil Wealth and the Poverty of Politics explains why Algeria's domestic political economy unravelled from the mid-1980s, and how the regime eventually managed to regain power and hegemony. Miriam Lowi argues the importance of leadership decisions for political outcomes, and extends the argument to explain the variation in stability in oil-exporting states following economic shocks. Comparing Algeria with Iran, Iraq, Indonesia and Saudi Arabia, she asks why some states break down and undergo regime change, while others remain stable, or manage to re-stabilise after a period of instability. In contrast with exclusively structuralist accounts of the rentier state, this book demonstrates, in a fascinating and accessible study, that political stability is a function of the way in which structure and agency combine.
Book Synopsis The “Resource Curse” in the Persian Gulf by : Mehran Kamrava
Download or read book The “Resource Curse” in the Persian Gulf written by Mehran Kamrava and published by Routledge. This book was released on 2020-05-21 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "Resource Curse" in the Persian Gulf systematically address the little studied notion of a "resource curse" in relation to the Persian Gulf by examining the historical causes and genesis of the phenomenon and its consequences in a variety of areas, including human development, infrastructural growth, clientelism, state-building and institutional evolution, and societal and gender relations. The book explores how across the Arabian Peninsula, oil wealth began accruing to the state at a particular juncture in the state-building process, when traditional, largely informal patterns of shaikhly rule were relatively well established, but the formal institutional apparatuses of the state were not yet fully formed. The chapters show that oil wealth had a direct impact on subsequent developments in these two complementary areas. Contributors discuss how on one hand, the distribution of petrodollars enabled political elites to solidify existing patterns of rule through deepening clientelist practices and by establishing new, dependent clients; and how on the other, rent revenues gave state leaders the opportunity to establish and shape institutions in ways that solidified their political control. The "Resource Curse" in the Persian Gulf will be of great interest to scholars of Middle Eastern studies, focusing on a variety of subject areas, including human development, human resources, clientelism, infrastructural growth, institutional evolution, state-building, and societal and gender relations. This book was originally published as a special issue in the Journal of Arabian Studies.
Book Synopsis When Can Oil Economies Be Deemed Sustainable? by : Giacomo Luciani
Download or read book When Can Oil Economies Be Deemed Sustainable? written by Giacomo Luciani and published by Springer Nature. This book was released on 2020-09-30 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future. Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term. But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration. The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.
Book Synopsis Challenges of Growth and Globalization in the Middle East and North Africa by : Mr.Hamid R Davoodi
Download or read book Challenges of Growth and Globalization in the Middle East and North Africa written by Mr.Hamid R Davoodi and published by International Monetary Fund. This book was released on 2003-09-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
Book Synopsis The Routledge Handbook on the Middle East Economy by : Hassan Hakimian
Download or read book The Routledge Handbook on the Middle East Economy written by Hassan Hakimian and published by Routledge. This book was released on 2021-07-09 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook captures the salient features of Middle Eastern economies and critically examines the public policy responses required to address the challenges and opportunities across the region. Bringing together wide-ranging perspectives from carefully selected and renowned subject specialists, the collection fills a gap in this relatively young and growing academic field. Combining discussion of theory and empirical evidence, the book maps out the evolution of Middle East economics as a field within area studies and applied development economics. Presented in six thematic sections, the book enables the reader to gain a comprehensive understanding of the region’s main economic themes and issues: • Growth and development in comparative perspectives • Labour force and human development • Natural resources, resource curse and trade • Poverty, inequality and social policy • Institutions and transition to democracy • Corruption, conflict and refugees Providing an overview of the principal economic problems, policies and performances relating to the countries in the Middle East and North Africa region, this collection will be a key resource for upper-level undergraduates, graduates and scholars with an interest in Middle East economics, applied development economics, development studies and area studies.
Download or read book Oil to Cash written by Todd Moss and published by CGD Books. This book was released on 2015-06-10 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
Book Synopsis The World Bank Research Observer by :
Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Oxford Handbook of Local Competitiveness by : David B. Audretsch
Download or read book The Oxford Handbook of Local Competitiveness written by David B. Audretsch and published by Oxford Handbooks. This book was released on 2015 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An analysis of what influences and shapes local competitiveness and what places can do to enhance their economic performance"--
Book Synopsis Inside the Arab State by : Mehran Kamrava
Download or read book Inside the Arab State written by Mehran Kamrava and published by Oxford University Press. This book was released on 2018-08-15 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2011 Arab uprisings and their subsequent aftermath have thrown into question some of our long-held assumptions about the foundational aspects of the Arab state. While the regional and international consequences of the uprisings continue to unfold with great unpredictability, their ramifications for the internal lives of the states in which they unfolded are just as dramatic and consequential. States historically viewed as models of strength and stability have been shaken to their foundations. Borders thought impenetrable have collapsed; sovereignty and territoriality have been in flux. This book examines some of the central questions facing observers and scholars of the Middle East concerning the nature of power and politics before and after 2011 in the Arab world. The focus of the book revolves around the very nature of politics and the exercise of power in the Arab world, conceptions of the state, its functions and institutions, its sources of legitimacy, and basic notions underlying it such as sovereignty and nationalism. Inside the Arab State adopts a multi-disciplinary approach, examining a broad range of political, economic, and social variables. It begins with an examination of politics, and more specifically political institutions, in the Arab world from the 1950s on, tracing the travail of states, and the wounds they inflicted on society and on themselves along the way, until the eruption of the 2011 uprisings. The uprisings, the states' responses to them, and efforts by political leaders to carve out for themselves means of legitimacy are also discussed, as are the reasons for the emergence and rise of Daesh and the Islamic State. Power, I argue, and increasingly narrow conceptions of it in terms of submission and conformity, remains at the heart of Arab politics, popular protests and yearnings for change notwithstanding. Much has changed in the Arab world over the last several decades. But even more has stayed the same.
Book Synopsis The GCC Monetary Union by : Mr.S. Nuri Erbas
Download or read book The GCC Monetary Union written by Mr.S. Nuri Erbas and published by International Monetary Fund. This book was released on 2003-04-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We compare the dollar peg to a dollar-euro basket peg as alternative exchange rate regimes for the incipient Gulf Cooperation Council (GCC) currency union. Quantitative evidence suggests basket peg does not dominate dollar peg for improving external stability. However, as GCC exports and external financial assets become more diversified, a more flexible exchange policy may be necessary for competitiveness and stability. Pegging the prospective common GCC currency to a basket, like the dollar-euro basket, may provide a conservative transitional strategy toward a more flexible exchange rate policy.
Book Synopsis Natural Resources, Neither Curse nor Destiny by : Daniel Lederman
Download or read book Natural Resources, Neither Curse nor Destiny written by Daniel Lederman and published by World Bank Publications. This book was released on 2006-10-23 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Natural Resources: Neither Course nor Destiny' brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.
Book Synopsis The Politics of New African Resource Discoveries in the Post-Curse Era by : Angela Zivo Gapa
Download or read book The Politics of New African Resource Discoveries in the Post-Curse Era written by Angela Zivo Gapa and published by Rowman & Littlefield. This book was released on 2024-08-19 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, Africa's resource landscape has undergone significant shifts, with new mineral, oil, and natural gas discoveries coinciding with the increase in global demand for mineral and hydrocarbon resources, and advancements in green technology. In The Politics of New African Resource Discoveries in the Post-Curse Era, edited by Angela Zivo Gapa, scholars and practitioners delve into the intricate dynamics of jackpot resource discoveries in Africa, providing insight into how African governments have managed these discoveries in the post-resource-curse era. Through a series of African case studies, this book critically examines whether Africa stands on the cusp of a post-resource-curse era or if historical patterns of the resource paradox will continue to persist. The contributors explore interventions ranging from citizen feedback mechanisms to institutional restructuring to determine whether recent resource discoveries hold the promise of economic growth and poverty alleviation or if they remain constrained by the global political economy. This book is a collaborative effort to deepen the understanding of global natural resource politics and promote African agency in managing substantial resource windfalls.
