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The "Resource Curse" in MENA : Political Transitions, Resource Wealth, Economic Shocks, and Conflict Risk / Michael Ross
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Ross, Michael
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Conflict Risks.
- Economic Shocks.
- Economic Theory & Research.
- Emerging Markets.
- Environmental Economics & Policies.
- Labor Policies.
- Macroeconomics and Economic Growth.
- Political Stability.
- Political Transitions.
- Post Conflict Reconstruction.
- Poverty Reduction.
- Public Sector Development.
- Resource Wealth.
- Local Subjects:
- Conflict Risks.
- Economic Shocks.
- Economic Theory & Research.
- Emerging Markets.
- Environmental Economics & Policies.
- Labor Policies.
- Macroeconomics and Economic Growth.
- Political Stability.
- Political Transitions.
- Post Conflict Reconstruction.
- Poverty Reduction.
- Public Sector Development.
- Resource Wealth.
- Physical Description:
- 1 online resource (52 pages)
- Other Title:
- "Resource Curse" in MENA
- Place of Publication:
- Washington, D.C., The World Bank, 2011
- System Details:
- data file
- Summary:
- The recent political upheavals in the Middle East and North Africa region have exposed growing concerns about conflict risk, political stability, and reform prospects across its societies. Given the prevalence of oil and gas resource endowments in the region, which a voluminous literature suggests can be associated with adverse development consequences, this paper examines the interplay between their associated rents and political economy trajectories. The contribution of the paper is threefold: first, to examine the quantitative evidence of violent conflict in the region since 1960; second, to provide a nuanced review of the regional case study literature on the relationship between resource endowments, political stability, and conflict risk; and third, to assess how prospective political transitions have implications for the World Bank Group's work in the region on public sector management and private sector development. The authors find that resources and regimes have intersected to provide stability and limited violent conflict in the region, but that these development patterns have yielded a set of policy choices and development patterns that are proving increasingly brittle and unsustainable. A major institutional challenge for reforms will be to consolidate a requisite degree of intertemporal credibility and stability in these regimes, while expanding inclusiveness in state-society relations.
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