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Prospects and Future of Reforms: Resources Monetization

  • Leila Benali
Chapter
Part of the Perspectives on Development in the Middle East and North Africa (MENA) Region book series (PDMENA)

Abstract

Natural resources depletion should be offset by manufactured and human capital increase. But there are still wide discrepancies between countries, particularly between North African and Gulf hydrocarbons exporters. Pricing resources below their “social cost” often lead to inefficient consumption, even if this under-pricing contributed to industrial and private sector development. The application of the theoretical framework to two major hydrocarbon exporting countries of the region, Saudi Arabia and Qatar, turns that Saudi Arabia has been building wealth more rapidly than Qatar, a high income country. The two countries seem to be improving the way they manage their economies and their resources.

Keywords

Sustainable wealth Resources monetization Fuel pricing Capital 

References

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  4. Cordesman A (2003) Saudi Arabia enters the twenty first century. Praeger Publishers, WestportGoogle Scholar
  5. World Bank (2006) Where is the wealth of the nations? The World Bank, WashingtonGoogle Scholar

Copyright information

© Springer International Publishing AG, part of Springer Nature 2019

Authors and Affiliations

  • Leila Benali
    • 1
  1. 1.Institut d’Etudes PolitiquesParisFrance

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