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Thresholds Matter: Resource Abundance, Development and Democratic Transition in the Arab World

In: The Middle East Economies in Times of Transition

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  • Ibrahim Ahmed Elbadawi

Abstract

The empirical cross-country growth literature suggests that the oil and mineral resource curse is a long-term phenomenon and is conditional on bad political governance. This important discovery seems to adequately explain the successes and failures of the exceeding majority of resource-rich economies (e.g. Collier and Goderis, 2009; Elbadawi and Soto, 2012). Indeed, development experiences corroborate the view that without a high enough standard of democracy, to ensure political inclusiveness, and robust political checks and balances to enforce the rules for sharing rents, the median resource endowed country will likely experience the resource curse in the long-run.

Suggested Citation

  • Ibrahim Ahmed Elbadawi, 2016. "Thresholds Matter: Resource Abundance, Development and Democratic Transition in the Arab World," International Economic Association Series, in: Ishac Diwan & Ahmed Galal (ed.), The Middle East Economies in Times of Transition, chapter 8, pages 213-244, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-52977-0_9
    DOI: 10.1007/978-1-137-52977-0_9
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