Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa (Paperback) (ISBN-13: 9780821395912)

MENA is one of the richest regions in the world in terms of natural resources: it holds more than 60 percent of the world's proven oil reserves, mostly located in the Gulf region, and nearly half of gas reserves. Oil represents 80-85 percent of merchandise exports in the region, making it highly depending on fluctuations in international prices. A long strand of economic literature has suggested that such dependence may hurt a country's growth prospects and the scope for job creation by reducing economic diversification.

Author: Ndiame Diop
ISBN-10: 0821395912
ISBN-13: 9780821395912
Publisher: World Bank Publications
Language: English
Published: 10/31/2012
Pages: 224
Format: Paperback
Weight: 0.67lbs
Size: 9.00h x 6.00w x 0.47d