IMBALANCE FACTORS IN THE ARAB WORLD: CONFLICTS AND NATURAL WEALTH DEVALUATION

Raluca Ioana Oprea
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Raluca Ioana Oprea: LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA

Annals - Economy Series, 2016, vol. 1Special, 126-130

Abstract: In an international context characterized by globalization, the analysis of the Arab world is all the more relevant as the particularities of this space are more stringent. To analyse the economy of this region properly, one should consider matters of natural resources that are wealth generators in this area (oil and natural gas), addressed in a global and regional context. Post conflict situation, generated after the Arab Spring (2011), affects the entire region, including GCC countries, where all the members are dealing with decline in their balance of payments. Intra-regional integration stays difficult due to the gap between the development status of the countries. Arab states face the highest unemployment rate for youth and about one third of the population deal with moderate poverty. The geopolitical tensions in the region and the decline of oil prices are the two factors which can lead to a major decline of the area.

Keywords: Arab World; competitiveness; natural wealth; economic development; oil price; natural gas price (search for similar items in EconPapers)
Date: 2016
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