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Oil, Institutions and Sustainability in MENA = A Radical Approach through the Empowerment of Citizens /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Oil, Institutions and Sustainability in MENA/ by Mohammed Akacem, Dennis Dixon Miller, John Leonard Faulkner.
Reminder of title:	A Radical Approach through the Empowerment of Citizens /
Author:	Akacem, Mohammed.
other author:	Miller, Dennis Dixon.
Description:	XVI, 235 p. 61 illus., 12 illus. in color.online resource. :
Contained By:	Springer Nature eBook
Subject:	Development economics. -
Online resource:	https://doi.org/10.1007/978-3-030-25933-4
ISBN:	9783030259334

Oil, Institutions and Sustainability in MENA = A Radical Approach through the Empowerment of Citizens /
Akacem, Mohammed.

Oil, Institutions and Sustainability in MENAA Radical Approach through the Empowerment of Citizens /[electronic resource] :by Mohammed Akacem, Dennis Dixon Miller, John Leonard Faulkner. - 1st ed. 2020. - XVI, 235 p. 61 illus., 12 illus. in color.online resource.

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.

ISBN: 9783030259334

Standard No.: 10.1007/978-3-030-25933-4doiSubjects--Topical Terms:

577196
Development economics.

LC Class. No.: HD72-88

Dewey Class. No.: 338.9

Oil, Institutions and Sustainability in MENA = A Radical Approach through the Empowerment of Citizens /
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520 $a 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.
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