The World Economy and its Implications for the Middle East and North Africa, 1995–2010

E. Mick Riordan, Uri Dadush, Jalal Jalali, Shane Streifel, Milan Brahmbhatt and Kazue Takagaki

Chapter 2 in Prospects for Middle Eastern and North African Economies, 1998, pp 15-46 from Palgrave Macmillan

Abstract: Abstract A decline in the world oil market, regional strife, and slow progress in instituting market–based reforms have caused real export earnings per capita to drop in the Middle East and North Africa. As populations in the region grow, per capita incomes will fall further unless nonoil sources of revenue are developed.

Keywords: European Union; Foreign Direct Investment; Gross Domestic Product; Middle East; Gulf Cooperation Council (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26137-6_2

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