Arab Muslim World Lags Behind Rest Of The World, Despite Oil

JStone

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Jun 29, 2011
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Washington Post: Arab nations lag behind rest of world economically, despite oil and natural gas Arab nations lag behind rest of world economically, despite oil and natural gas
Amid a massive shift in the politics of the Arab world, the countries of the region are now confronting an economic challenge that is just as steep: how to engage with a global economy that in many ways has passed them by.

The nations of the Arab Middle East sit atop perhaps half of the planet's oil and a third of its natural gas reserves, yet the economies of the region are among the most stagnant.

Hundreds of billions of dollars in hydrocarbon wealth and other receipts - for instance, in the case of Egypt, revenue from the Suez Canal and U.S. foreign aid - have propped up undemocratic governments and subsidized swollen public sectors. But little has been done to create globally competitive economies or employment for a burgeoning number of young adults.

The reasons for this poor record are varied, including repeated wars with Israel and each other, widespread corruption and the overwhelming presence of ruling cliques in the economy.

"We are at a crossroads in terms of governance, but also at a crossroads in terms of the economic agenda," said Tarik Yousef, head of the Dubai School of Government and a senior fellow at the Brookings Institution. Like other scholars, he noted that many other parts of the developing world have sped ahead of the Middle East.

Economists cite a long list of statistics that point to chronic under-performance, sometimes masked by the flow of oil and other wealth but corrosive in the long run.

Even if Arab countries begin to energize their economies, they are late to the global competition and will face a tough battle vying for international capital and business. It is a world in which China has staked its place as the global manufacturing hub, other developing countries from Malaysia to Brazil have established themselves as international players, and modern logistics have made the Middle East's proximity to Europe less of an advantage.

Winston Churchill...
How dreadful are the curses which Mohammedanism lays on its votaries! Besides the fanatical frenzy, which is as dangerous in a man as hydrophobia in a dog, there is this fearful fatalistic apathy.

The effects are apparent in many countries. Improvident habits, slovenly systems of agriculture, sluggish methods of commerce, and insecurity of property exist wherever the followers of the Prophet rule or live.

A degraded sensualism deprives this life of its grace and refinement; the next of its dignity and sanctity. The fact that in Mohammedan law every woman must belong to some man as his absolute property, either as a child, a wife, or a concubine, must delay the final extinction of slavery until the faith of Islam has ceased to be a great power among men.

Individual Moslems may show splendid qualities, but the influence of the religion paralyses the social development of those who follow it.

No stronger retrograde force exists in the world. Far from being moribund, Mohammedanism is a militant and proselytizing faith. It has already spread throughout Central Africa, raising fearless warriors at every step; and were it not that Christianity is sheltered in the strong arms of science, the science against which it had vainly struggled, the civilization of modern Europe might fall, as fell the civilization of ancient Rome.
Amazon.com: The River War (9781598184259): Sir Winston S. Churchill: Books
 

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