Oil, Institutions and Sustainability in MENA [electronic resource] : A Radical Approach through the Empowerment of Citizens / by Mohammed Akacem, Dennis Dixon Miller, John Leonard Faulkner
- Akacem, Mohammed
- Cham : Springer International Publishing : Imprint: Springer, 2020.
- 1st ed. 2020.
- Physical Description:
- XVI, 235 pages 61 illustrations, 12 illustrations in color : online resource
- Additional Creators:
- Miller, Dennis Dixon
Faulkner, John Leonard
SpringerLink (Online service)
- Chapter 1. Introduction -- Chapter 2. MENA and World Oil Markets -- Chapter 3. Resource Curse and Institutions -- Chapter 4. Democracy in MENA -- Chapter 5. MENA and Alternative Sources of Energy -- Chapter 6. Reducing the Demand for Oil -- Chapter 7. The Population Threat -- Chapter 8. Why the Status Quo is Unsustainable -- Chapter 9. Oil as a Path to Institutional Change in MENA -- Chapter 10. Positive Directions for Reform.
- This book addresses the factors that have led to the lackluster economic performance of the oil MENA region, despite the wealth of its vast natural resource. It offers a radical policy recommendation as a way out. Using data from a wide variety of sources, it analyzes the major problems that confront the governments of the MENA region, and make the case why the status quo is unsustainable. Recently, Algeria has shown that people will tire of the status quo and will demand wholesale changes. At the core of the problem of corruption, rent seeking, waste, and lack of economic diversification, is the presence of oil and its control by the state. But oil by itself should help, not hinder MENA's economic development. While historically, oil revenues may have contributed to the maintenance of corrupt institutions and rent seeking among oil-rich nations, the mere presence of such valuable natural resources need not be the problem. It argues for a plan to empower citizens and invert the power relationship, so that the citizen's voices matter. For the spirit of the Arab Spring to be successful, the region must adopt significant institutional changes that embrace the rule of law, transparency, democratic accountability, and the protection of human and private rights.
- Digital File Characteristics:
- text file PDF
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