Is oil wealth curse or blessing for gulf states essay

And why is it coming to a head now? When Abdul Aziz requested cooperation in other areas, the British government in India responded by stating that the king would have to deal with his own problems.

The government has failed them. It is the curse of the Arab-oil and the mismanagement of the Arab elites! At the same time, the US has been strengthening Israel, its strategic ally and its military policeman in the region.

Oil is viewed by the West as a strategic commodity, and control of such a resource should not be left to the governments of the oil producing countries.

It will take the voices of many concerned citizens of the world to keep this issue in the forefront of our collective global conscious.

The salaries and the cost of accommodating foreign skilled and middle management personnel are outrageously high. Forced peacetime industrialization in Egypt started in the first half of the nineteenth century when Muhammed Ali, the titular ruler of Egypt, tried to establish it as a powerful industrialized European-style state.

A sustained competitive industrial development in the Arab world has lagged behind other developing countries. And the changes that oil and gas money brought to the Middle East were phenomenal.

The magnitude of the worker migration from nonoil states to the APC has significant impact on their economies. It is not news to some in the world.

Oil: A Blessing And A Curse For The Middle East

The most striking example is Egypt which had been the most developed Arab country since the nineteenth century. Yet he remains at the reins. Since the end of World War I and the defeat of the Ottoman Empire, the European imperial powers dominated all aspects of the Arab world including its political institutions and recast the role of its economies to be dependent on the colonial masters.

Nobody can, of course, predict the future with any certainty, but relying exclusively on oil is not a viable strategy. The APC overseas investment in the form of fixed interest bonds, direct investment in industry and property, portfolio investments, bank deposits in the oil consuming Western countries has become the destination for the APC surplus capital.

The strategic interest in the petroleum reserves in the Gulf and Mosul areas and the transportation of their oil through pipelines to the Mediterranean must have played an important role in the British policies to divide the area and create Israel.

Egypt is an example. Media around the world should report on the many narrative layers of oil disasters. There is even a story that the Americans told the British that they were only prospecting for water; they said so in order to avoid problems with London which felt that the Arabian Peninsula was within its traditional sphere of influence.

The false pretexts used by the US and Britain to wage war against Iraq in suggests that oil was the only reason behind the decision to invade it. Imagine for a moment if America did not have a strong democracy in which businesses are held accountable for their actions!

Oil wealth — a curse or a blessing?

What is happening in the Niger Delta region is not a Nigerian problem. After this painful rebuff, King Abdul Aziz approached the Americans, who had no previous involvement in the region, but were willing to come from the end of the world to look for oil.

Some of the media has done a good job highlighting the effect of the spill. This inhumane act appalled the world, but the oil companies continued business as usual.

If they use it properly for education and development, it will change the future of their citizens for many generations to come.

Arab states are known for their cumbersome bureaucracy which controls many sectors of society and obstructs change and development.Arab Oil, a Blessing and a Curse By Hasan Afif El-Hasan While important transformations are taking place within the thinly populated oil producing Arab states (APC) due to their wealth, the capital-hungry nonoil producing Arab states are barely managing to feed their populations.

This lavish style embodies wealth and richness of Gulf Nations- a boon of Black Gold. InBritish recognized the importance of oil as a major source of economic development in the region. It was done against the backdrop of the Sykes-Pikot Agreement of.

The Oil Curse Essay Words 10 Pages Saudi Arabia is a primarily oil-based economy, with oil being the most important component of the nation’s rapid economic development since World War II.

The Curse of Oil: Spills, Corruption and Militancy

U.S. geologists discovered oil in the region in the s, and since exports expanded most notably in the s, production and rich revenues. Is Oil a Blessing or a Curse for the Middle East? 2 accumulate vast sums of wealth from more developed states (Mahdavy, ).

Very little, if any, taxation is necessary. Here we see our first assumptions that underpin rentierism come to the fore.

But is oil a blessing or a curse? This is a great danger if the markets witness a sharp drop in oil prices given the progress made in the search for oil substitutes.

Nobody can, of course, predict the future with any certainty, but relying exclusively on oil is not a viable strategy. Therefore we can argue whether the internet is actually a blessing or a curse to us and in this essay we are going to discuss about it and then make a Fame and wealth differ and are similar due to the discovery of oil in Persia and in in Saudi Arabia and other parts of the Arabian Gulf.

Due to this blessed discovery of oil, the.

Is oil wealth curse or blessing for gulf states essay
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