Titlebook: Oil, Institutions and Sustainability in MENA; A Radical Approach t Mohammed Akacem,Dennis Dixon Miller,John Leonard F Book 2020 Springer Na

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MENA and World Oil Markets,as stations in oil-consuming countries. Since then, OPEC has asserted its power, but recently it is facing challenges from the shale oil revolution as well as alternatives and renewable energy sources..Oil markets have gone through several phases. Prior to the 1970s, the major oil companies, known a

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Resource Curse and Institutions,rnment and leads to rent seeking and corruption. It also helps autocratic governments to remain in power with no incentive to alter the status quo. To make matters worse, economies that are heavily dependent on oil revenues tend to have overvalued exchange rates which hurt the non-oil sector and fur

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Democracy in MENA,n MENA is due to several factors:.. A recent analysis of the World Values Survey concluded that most cultures in MENA have traditional and survival values, not conducive to democracy. Traditional values emphasize religion, family, authority, and national pride. Survival values emphasize security ove

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The Population Threat,mployed youth than anywhere in the world. The high rate of unemployment among the youth led to dissatisfaction that was a contributor to the Arab Spring and the resulting political upheavals that led to the toppling of governments in three countries, Libya, Tunisia, and Egypt..Limited arable land an

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Oil as a Path to Institutional Change in MENA,ership plan that could be the catalyst to nudge the oil MENA region to improve its institutional environment. While the plan is a radical departure from the status quo, it is nevertheless the “shock therapy” needed to awaken the region from decades of lackluster growth. Our plan to divert all the oi

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Positive Directions for Reform,rive include:.Adopting the CEP as described in the previous chapter would facilitate these reforms. However, it is a chicken and egg problem. These reforms are needed in order to adopt the CEP, but the CEP is needed to adopt the reforms. Therefore, incentives needed for autocrats to make reforms and