|
Showing 1 - 4 of
4 matches in All Departments
For over eighty years the Arab region has been deriving massive
wealth from its natural resources. Nevertheless, its economic
performance has been at the mercy of ebbs and flows of oil prices
and its resources have been slowly depleting. The two critical
questions are why and how Arab countries might escape the oil
curse. Institutions and Macroeconomic Policies in Resource-Rich
Arab Economies focuses on the unique features of the Arab world to
explain the disappointing outcomes of macroeconomic policy. It
explores the interaction between oil and institutions to draw
policy recommendations on how Arab countries can best exploit their
oil revenues to avoid the resource curse. Case studies and
contributions from experts provide an understanding of
macroeconomic institutions (including their underlying rules,
procedures and institutional arrangements) in oil-rich Arab
economies and of their political economy environment, which has
largely been overlooked in previous research. Institutions and
Macroeconomic Policies in Resource-Rich Arab Economies offers novel
macroeconomic policy propositions for exchange rate regimes, fiscal
policy and oil wealth distribution that is more consistent with
macroeconomic stability and fiscal sustainability. These policy
reforms, if implemented successfully, could go a long way in
helping the resource-rich countries of the Arab region and
elsewhere to avoid the oil curse.
The Covid-19 pandemic has aggravated the tension between large
development needs in infrastructure and scarce public resources. To
alleviate this tension and promote a strong and job-rich recovery
from the crisis, Africa needs to mobilize more financing from and
to the private sector.
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 policymakers
alike.
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 policymakers
alike.
|
You may like...
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
|