Rich Arabs and Poor Arabs: An Introduction to Intra-Arab Issues

Kunibert Raffer and M. A. Mohamed Salih

Chapter 1 in The Least Developed and the Oil-Rich Arab Countries, 1992, pp 1-12 from Palgrave Macmillan

Abstract: Abstract In contrast to widely held views associating the Arabs with oil and wealth, the economies of the Arab World are in fact highly heterogeneous. Arab countries can be found in all the income categories grouped by the IBRD according to GNP per head. Together with OECD countries, Saudi Arabia, Kuwait or the UAE are ‘High-Income Economies’, Algeria or Iraq are examples of ‘Upper-Middle-Income Economies’, Morocco or Jordan are ‘Lower-Middle-Income Economies’, and Sudan or Somalia are examples of ‘Low-Income Economies’. The economic differences within the Arab world may be illustrated by comparing Somalia, which had a GNP per caput of $290 in 1987, with the UAE’s $15,830 or Kuwait’s $14,610 (IBRD, 1989).

Keywords: Middle East; Arab Country; Arab World; Islamic Bank; Arab State (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12558-6_1

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DOI: 10.1007/978-1-349-12558-6_1

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