Thresholds Matter: Resource Abundance, Development and Democratic Transition in the Arab World

Ibrahim Ahmed Elbadawi

Chapter 8 in The Middle East Economies in Times of Transition, 2016, pp 213-244 from Palgrave Macmillan

Abstract: Abstract The empirical cross-country growth literature suggests that the oil and mineral resource curse is a long-term phenomenon and is conditional on bad political governance. This important discovery seems to adequately explain the successes and failures of the exceeding majority of resource-rich economies (e.g. Collier and Goderis, 2009; Elbadawi and Soto, 2012). Indeed, development experiences corroborate the view that without a high enough standard of democracy, to ensure political inclusiveness, and robust political checks and balances to enforce the rules for sharing rents, the median resource endowed country will likely experience the resource curse in the long-run.

Keywords: Resource Abundance; Arab World; Gulf Cooperation Council; Democratic Transition; Resource Rent (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-52977-0_9

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DOI: 10.1007/978-1-137-52977-0_9

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