Rentier state as an obstacle to development in the Middle East
Many Middle Eastern countries, especially the ones in Arabian Peninsula, are well-known for being rich with oil and gas. While it could be considered a blessing by many, it is becoming more and more apparent that the abundance of natural resources in the region is a double-edged sword and a form of...
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| Format: | Article |
| Language: | English |
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International Association for Political Science Students (IAPSS)
2013-10-01
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| Series: | Politikon |
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| Online Access: | https://politikon.iapss.org/index.php/politikon/article/view/156 |
| _version_ | 1797660204963201024 |
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| author | Andrzej Guzowski |
| author_facet | Andrzej Guzowski |
| author_sort | Andrzej Guzowski |
| collection | DOAJ |
| description |
Many Middle Eastern countries, especially the ones in Arabian Peninsula, are well-known for being rich with oil and gas. While it could be considered a blessing by many, it is becoming more and more apparent that the abundance of natural resources in the region is a double-edged sword and a form of a natural resource trap. Many countries have become so-called “rentier states”, funding their operations and their very structures by renting their resources to external actors. While it may seem like a profitable political move at first, said overreliance conserved the structure of economies in the Middle Eastern, never forcing the countries to develop effectively, thus making most of the produced goods, other than oil and gas, uncompetitive on the international market. Long term, it may prove disastrous for the Middle East as eventually the resources are going to get exhausted and said countries will be left with nothing but an economic structure unadjusted to the 21stcentury.
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| first_indexed | 2024-03-11T18:27:21Z |
| format | Article |
| id | doaj.art-cd347deb4d3942c29070aace7ab8d1e0 |
| institution | Directory Open Access Journal |
| issn | 2414-6633 |
| language | English |
| last_indexed | 2024-03-11T18:27:21Z |
| publishDate | 2013-10-01 |
| publisher | International Association for Political Science Students (IAPSS) |
| record_format | Article |
| series | Politikon |
| spelling | doaj.art-cd347deb4d3942c29070aace7ab8d1e02023-10-13T18:23:34ZengInternational Association for Political Science Students (IAPSS)Politikon2414-66332013-10-012110.22151/politikon.21.3Rentier state as an obstacle to development in the Middle EastAndrzej Guzowski0University of Warsaw Many Middle Eastern countries, especially the ones in Arabian Peninsula, are well-known for being rich with oil and gas. While it could be considered a blessing by many, it is becoming more and more apparent that the abundance of natural resources in the region is a double-edged sword and a form of a natural resource trap. Many countries have become so-called “rentier states”, funding their operations and their very structures by renting their resources to external actors. While it may seem like a profitable political move at first, said overreliance conserved the structure of economies in the Middle Eastern, never forcing the countries to develop effectively, thus making most of the produced goods, other than oil and gas, uncompetitive on the international market. Long term, it may prove disastrous for the Middle East as eventually the resources are going to get exhausted and said countries will be left with nothing but an economic structure unadjusted to the 21stcentury. https://politikon.iapss.org/index.php/politikon/article/view/156rentier statesMiddle Eastdevelopment |
| spellingShingle | Andrzej Guzowski Rentier state as an obstacle to development in the Middle East Politikon rentier states Middle East development |
| title | Rentier state as an obstacle to development in the Middle East |
| title_full | Rentier state as an obstacle to development in the Middle East |
| title_fullStr | Rentier state as an obstacle to development in the Middle East |
| title_full_unstemmed | Rentier state as an obstacle to development in the Middle East |
| title_short | Rentier state as an obstacle to development in the Middle East |
| title_sort | rentier state as an obstacle to development in the middle east |
| topic | rentier states Middle East development |
| url | https://politikon.iapss.org/index.php/politikon/article/view/156 |
| work_keys_str_mv | AT andrzejguzowski rentierstateasanobstacletodevelopmentinthemiddleeast |