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Are Rentier Monarchies a Viable Road to Development in the Gulf States (Cód: 9786732)

Ansgar Baums

Ciando (Livros Digitais)

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Are Rentier Monarchies a Viable Road to Development in the Gulf States

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Descrição

Essay from the year 2004 in the subject Politics - International Politics - Region: Near East, Near Orient, grade: 16.5, University of St Andrews, 80 entries in the bibliography, language: English, abstract: What must go wrong before economists label a scarce and strategically valuable commodity like oil a 'curse'? Fundamental economics suggests that they are almost as good as cash. Abundant natural resources can help a country prosper through earnings of hard currencies, larger and diversified domestic investments in physical and human capital, and acquisition of foreign technology. Furthermore, despite attempts to diversify the energy portfolio, oil still is the world's most important energy source. Nevertheless, when BBC launched the TV series 'The Curse of Oil' in September 2004, no incident of protesting economists became known. This might be due to another lesson from history, namely the 'natural resources paradox': Oil - or natural resources in general - might not exactly be 'as good as cash'. Rather, they could have negative impacts on the development of an economy, i. e. a process towards a stable, sustainable and diversified economy. The most obvious example of the natural resources paradox are conflict-ridden countries like Nigeria. Analysts argue that natural resource abundance is one of the reasons for destructive political conflicts. But even politically stable countries, which enjoy a high GDP per capita due to the exploitation of natural resources, show a negative correlation between oil and development. An obvious example of this is the performance of the member countries of the Gulf Cooperation Council (GCC). On the one hand, all of these oil monarchies enjoy a high GDP per capita (cf. figure 1).

Características

Peso 0.00 Kg
Produto sob encomenda Sim
Marca Ciando (Livros Digitais)
Número de Páginas 25 (aproximado)
Idioma 337
Acabamento e-book
Territorialidade Internacional
Formato Livro Digital Pdf
Gratuito Não
Proteção Drm Sim
Tamanho do Arquivo 403
Início da Venda 01/01/2005
Código do Formato Pdf
Cód. Barras 9783638377218
Ano da Publicação 2005
AutorAnsgar Baums