Pg 161-208

Question 0

Different measures of economic development?

Answer 0

Oil wealth
Population size
Hydrocarbons

Question 1

How might we define economic development? How might it be measured?

Answer 1

Expansion of countries economy in percentage of gross domestic product or income and growth

Per capita of income

Question 2

What are some basic axes of differentiation (of income levels) among middle eastern economies?

Answer 2

Oil dependence and domestic market size

Question 3

What is the positive and negative correlations between oil dependence and the development of a strong industrial sector?

Answer 3

Economic growth in “boom years” suffer when there’s not one

Also less industrious more oil based

Question 4

The Arab spring revealed popular dissatisfaction with government in Middle East. What are some of the roots of dissatisfaction?

Answer 4

Rising good prices
Rising poverty levels and inequality
Spurred social mobilization 
Us national inequalities
Corruption and crony capitalism

Question 5

What are some general features of the Middle East economic region?

Answer 5

Historic heritage (Ottoman, British, France)
Highly interlinked economies (trade, labor migration and services)

Question 6

What are some general features of political regimes in the region?

Answer 6

Unchecked executive power
Varying degrees of limitations on political and civil liberties
Single parties