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Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa

2012-10-01 Business & Economics
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Release : 2012-10-01
Genre : Business & Economics
Kind : eBook
Book Rating : 920/5 ( reviews)

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Book Synopsis Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa by : Ndiame' Diop

Download or read book Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa written by Ndiame' Diop. This book was released on 2012-10-01. Available in PDF, EPUB and Kindle. Book excerpt: MENA holds more than 60% of oil and nearly 50% of gas reserves, making its economy very vulnerable to price fluctuations. This volume investigates the effect of natural resources and the role of policies on achieving higher and sustained growth through economic diversification.

Natural Resources, Volatility, and Inclusive Growth

2012-05-01 Nature
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Release : 2012-05-01
Genre : Nature
Kind : eBook
Book Rating : 625/5 ( reviews)

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Book Synopsis Natural Resources, Volatility, and Inclusive Growth by : Mr.Rabah Arezki

Download or read book Natural Resources, Volatility, and Inclusive Growth written by Mr.Rabah Arezki. This book was released on 2012-05-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on standard income level measures. Resource rich countries in MENA have experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important improvements in health and education have taken place but the quality of the provision of public goods and services remains an important source of concerns. Looking forward we argue that the success of economic reforms in MENA rests on the ability of those countries to invest boldly in building inclusive institutions as well as high levels of human capacity in public administrations.

Challenges of Growth and Globalization in the Middle East and North Africa

2003-09-05 Business & Economics
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Release : 2003-09-05
Genre : Business & Economics
Kind : eBook
Book Rating : 290/5 ( reviews)

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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. This book was released on 2003-09-05. 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.

Diversified Development

2014-02-26 Business & Economics
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Release : 2014-02-26
Genre : Business & Economics
Kind : eBook
Book Rating : 207/5 ( reviews)

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Book Synopsis Diversified Development by : Indermit S. Gill

Download or read book Diversified Development written by Indermit S. Gill. This book was released on 2014-02-26. Available in PDF, EPUB and Kindle. Book excerpt: Eurasian economies have to become efficient more productive, job-creating, and stable. But efficiency is not the same as diversification. Governments need to worry less about the composition of exports and production and more about asset portfolios natural resources, built capital, and economic institutions.

The Impact of Natural Resources and Foreign Aid On Governance

2023 Africa, North
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Release : 2023
Genre : Africa, North
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Impact of Natural Resources and Foreign Aid On Governance by : Dalia Moharram

Download or read book The Impact of Natural Resources and Foreign Aid On Governance written by Dalia Moharram. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Theoretical and empirical literature points out the "Curse of Natural Resources" where the abundance of resources in certain countries may hamper economic growth through several channels. The paper extends the previous research and investigates whether higher revenues- not only from natural resources' rent but also from foreign aid- exhibit another type of curse in MENA countries. That is, do higher natural resources rent, and foreign aid erode the quality of institutions as measured by governance indicators in the MENA countries? This research utilizes a panel data fixed-effect model to investigate the abovementioned relationship during the period 2000-2020. The countries are divided into two groups: Gulf Cooperation Council (GCC) countries and the rest of the MENA countries. This research results indicate that natural resource abundance favorably impacts the quality of governance in the GCC countries but not the rest of the MENA countries. While foreign aid does impact the quality of governance in the GCC countries, it erodes this quality in the rest of MENA countries. These results exhibit some critical policy improvements for these countries in the future. Keywords: Natural resources abundance, Foreign aid, Governance, Gulf Cooperation Council (GCC), Middle East and North Africa (MENA) region.

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