Natural Resource Abundance, Growth, Diversification in Middle East - The Effects on Natural Resources and the Role of Policies

Klappentext MENA is one of the richest regions in the world in terms of natural resources: it holds more than 60 percent of the world's proven oil reserves, mostly located in the Gulf region, and nearly half of gas reserves. Oil represents 80-85 percent of merchandise exports in the region, making it highly depending on fluctuations in international prices. A long strand of economic literature has suggested that such dependence may hurt a country's growth prospects and the scope for job creation by reducing economic diversification. This volume investigates the effect of natural resources and the role of policies on achieving higher and sustained growth through diversification away from oil.

Product details

• Authors: Ndiame Diop, Ndiame (EDT)/ Marotta Diop
• Assisted by: Jaime de Melo (Editor), Ndiame Diop (Editor), Ndiame' Diop (Editor), Daniela Marotta (Editor), Jaime de Melo (Editor)
• Publisher: WORLD BANK
• Languages: English
• Product format: Paperback / Softback
• Released: 13.09.2012
• EAN: 9780821395912
• ISBN: 978-0-8213-9591-2
• No. of pages: 208
• Series: Directions in Development: Tra
• Subject: Social sciences, law, business > Business > Individual industrial sectors, branches