Development despite Modest Growth in the Middle East
The Middle Eastern region is a major supplier of the world's energy. It is also characterised by conflict, and is the focus of global geo-political interest both because of oil and the volatile nature of disputes in the region, which are perceived to have far reaching global security implications. Would we expect such a region to prosper? On the one hand, the answer should be affirmative on account of natural resource wealth, but on the other hand it could be negative due to the presence of conflict and the potential resource rent mismanagement. The actual record is somewhere in the middle. I argue that the region has made substantial progress in human development in spite of modest growth rates, which is related to the region's cultural heritage with a low tolerance for poverty and inequality. Its outcome based institutional development is not unimpressive, which bodes well for long-term growth prospects. Additionally, recent oil rents have not been mismanaged. More, however, needs to be done to foster economic diversification and diminish dependence on natural resources.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 4 (2008)
Issue (Month): 3 (September)
|Contact details of provider:|| Web page: http://www.degruyter.com |
|Order Information:||Web: http://www.degruyter.com/view/j/rmeef|
When requesting a correction, please mention this item's handle: RePEc:bpj:rmeecf:v:4:y:2008:i:3:n:1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.