International Journal of Multidisciplinary Research and Development

International Journal of Multidisciplinary Research and Development

Online ISSN: 2349-4182
Print ISSN: 2349-5979

Vol. 3, Issue 3 (2016)

A study on the development of Arab sector

Author(s): Moynal Hoque Chowdhury, Dr. Athar Ali
Abstract: Like no other region, several resources have shaped the Arab sector and its modern-day development trajectory. Endowed with some of the world’s most important oil and natural gas reserves, countries in the Arab world have over the past four decades produced and exported more oil than those of any other region, and hold reserves sufficient to supply world energy markets for more than another hundred years at current rates of production.
Its wealth has benefited the Arab sector, despite significant differences across the region alongside differing national resources, and their management across governments.
This paper attempts to provide a very brief overview of the role energy has played in driving economic development in the Arab world, its effects on development choices, and the challenges faced by the resultant development model.
Pages: 427-429  |  744 Views  194 Downloads
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