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

ISBN-13: 9781316506677 / Angielski / Miękka / 2019 / 496 str.

Ibrahim Elbadawi; Hoda Selim

Opis

A variety of perspectives from leading economists provides fresh insight into how Arab countries may best exploit their oil revenues.

Recenzje

'This is a profoundly important, state-of-the-art analysis of the challenges created by oil wealth in the Arab Middle East. It will be required reading for both policymakers and citizens seeking a better path forward.' Michael L. Ross, University of California, Los Angeles

Spis treści

Foreword Ahmed Galal; Acknowledgements Ibrahim Elbadawi and Hoda Selim; 1. Overview of context, issues and summary Ibrahim Elbadawi and Hoda Selim; 2. The global impact of the systemic economies and MENA business cycles Paul Cashin, Kamiar Mohaddes and Mehdi Raissi; 3. Real exchange rates and export performance in oil-dependent Arab economies Ibrahim Elbadawi and Linda Kaltani; 4. Dutch disease in the services sector - evidence from oil exporters in the Arab region Ndiamé Diop and Jaime de Melo; 5. The political economy of public sector employment in resource-dependent countries Omer Ali and Ibrahim Elbadawi; 6. The oil curse and labor markets - the case of Saudi Arabia Hend Al-Sheikh and S. Nuri Erbas; 7. Resource rents, political institutions and economic growth Ibrahim Elbadawi and Raimundo Soto; 8. Fiscal institutions in resource-rich economies - lessons from Chile and Norway Klaus Schmidt-Hebbel; 9. Savings and investment decisions from natural resource revenues - implications for Arab development Paul Collier; 10. Labor market heterogeneity and optimal exchange rate regimes in resource-rich Arab countries Almukhtar Saif Al-Abri; 11. The institutional curse of natural resources in the Arab world Hoda Selim and Chahir Zaki; 12. Has the UAE escaped the oil curse? Raimundo Soto and Ilham Haouas; 13. Understanding and avoiding the oil curse in Sudan Kabbashi M. Suliman; Index.