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

Resource Information

The work Understanding and avoiding the oil curse in resource-rich Arab economies represents a distinct intellectual or artistic creation found in European University Institute Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

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

Statement of responsibility

edited by Ibrahim Elbadawi, Hoda Selim

Contributor

• Elbadawi, Ibrahim
• Selim, Hoda

Editor

• Selim, Hoda
• Elbadawi, Ibrahim

Subject

• Economic development -- Arab countries
• Natural resources -- Arab countries
• Arab countries -- Economic policy

Language

eng

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.--

Assigning source

Provided by publisher

Cataloging source

UkCbUP

Index

index present

Literary form

non fiction

Nature of contents

dictionaries

Series statement

Cambridge Social Sciences eBooks