IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-137-52977-0_10.html
   My bibliography  Save this book chapter

Beyond the Resource Curse: Rents and Development

In: The Middle East Economies in Times of Transition

Author

Listed:
  • Adeel Malik

Abstract

This chapter offers a brief critical reflection on the Middle East’s resource curse. The region has typically been described as performing in the middling range, growing neither as well as East Asia nor as badly as sub-Saharan Africa. Arab economies have experienced a modest growth performance with substantial volatility of macroeconomic outcomes. The symptoms appear all too familiar: a weak private sector, unproductive investment in white elephant projects, pervasive rent seeking, and a large and oversized public sector. Government spending (especially on subsidies and public employment) has remained surprisingly resilient in the face of fluctuating oil prices. The relationship between oil and development in the Middle East and North Africa (MENA) is well-documented (Yousef 2004; El Badawi 2005; Nugent and Pesaran 2005). Most of the region’s development challenges have been traced to the pathologies associated with natural resource abundance.

Suggested Citation

  • Adeel Malik, 2016. "Beyond the Resource Curse: Rents and Development," International Economic Association Series, in: Ishac Diwan & Ahmed Galal (ed.), The Middle East Economies in Times of Transition, chapter 9, pages 245-258, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-52977-0_10
    DOI: 10.1007/978-1-137-52977-0_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-137-52977-0_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.