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Un Manifesto economico per i paesi del Golfo Persico esportatori di petrolio

Author

Listed:
  • Hossein Askari

    (George Washington University, International Business and International Affairs, Washington (USA))

  • Faranghees Abbas

    (Germantown (USA))

  • George Jabbour

    (George Washington University, Finance, MS Finance Program, Washington (USA))

  • Dohee Kwon

    (Federal Home Loan Mortgage Corporation, McLean (USA))

Abstract

The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a formal "Oil Fund for All Generations". Others have proposed and implemented oil funds but in our proposal the government would (in time) lose all access to oil revenues; by taking easy money away from governments and rulers, waste, corruption, military expenditures and wars will be reduced, there will be better chance of adopting and implementing rational economic policies, and equity across generations may be enhanced. Hope may be slowly restored to a region that has lost hope.

Suggested Citation

  • Hossein Askari & Faranghees Abbas & George Jabbour & Dohee Kwon, 2006. "Un Manifesto economico per i paesi del Golfo Persico esportatori di petrolio," Moneta e Credito, Economia civile, vol. 59(236), pages 377-404.
    • Handle: RePEc:psl:moneta:2006:43
    as

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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9757/9642
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    References listed on IDEAS

    as
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    4. Robert M. Solow, 1974. "The Economics of Resources or the Resources of Economics," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 12, pages 257-276, Palgrave Macmillan.
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    6. Hossein Askari, 2006. "Middle East Oil Exporters," Books, Edward Elgar Publishing, number 4232.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Gas; Oil;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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