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Energy and Arab Economic Development

Fattouh, Bassam and El-Katiri, Laura (2012) Energy and Arab Economic Development. United Nations Development Programme.

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Abstract

Like no other region, energy resources have shaped the Arab world and its modern-day development trajectory. Endowed with some of the world’s most important oil and natural gas reserves, countries in the Arab world have over the past four decades produced and exported more oil than those of any other region, and hold reserves sufficient to supply world energy markets for more than another hundred years at current rates of production. Its energy wealth has without doubt benefited the Arab world, despite significant differences across the region alongside differing national resources, and their management across governments. Significant challenges also derive from the Arab energy-led development model, particularly patterns of domestic energy consumption, rising demand for energy across the region, and rising domestic investment needs. This paper attempts to provide a very brief overview of the role energy has played in driving economic development in the Arab world, its effects on development choices, and the challenges faced by the resultant development model. It does so by looking at four different aspects of energy-led development: 1) the effect of energy on regional Arab economic growth; 2) the inter-linkages between energy and Arab economic structures; 3) the implications of energy for intra-regional integration; and 4) evolving challenges from this development model

Item Type: Monographs (Occasional Paper)
SOAS Departments & Centres: Faculty of Law and Social Sciences > School of Finance and Management > Centre for Financial and Management Studies (CeFiMS)
Faculty of Law and Social Sciences > Department of Politics and International Studies > Centre on the Politics of Energy Security (CEPES)
Copyright Statement: Copyright @ Bassam Fattouh and Laura El-Katiri, 2012
Depositing User: Laura El-Katiri
Date Deposited: 08 Jan 2013 09:25
URI: http://eprints.soas.ac.uk/id/eprint/14746

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