{"id":1878,"date":"2024-03-19T21:02:01","date_gmt":"2024-03-19T21:02:01","guid":{"rendered":"https:\/\/geopoliticalcompass.com\/?p=1878"},"modified":"2024-03-19T21:02:57","modified_gmt":"2024-03-19T21:02:57","slug":"oil-and-institutional-stasis-in-the-persian-gulf","status":"publish","type":"post","link":"https:\/\/geopoliticalcompass.com\/?p=1878","title":{"rendered":"Oil and Institutional Stasis in the Persian Gulf"},"content":{"rendered":"\t\t
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Author(s):<\/b>\u00a0<\/span>Mehran Kamrava<\/span><\/a><\/p>

Affiliation:<\/b>\u00a0<\/span>Center for International and Regional Studies at Georgetown University, Qatar<\/span><\/a><\/p>

Org. \/Publisher:<\/b>\u00a0<\/span>Routledge<\/span><\/a><\/p>

Date\/Place:<\/b>\u00a0Feb. 7, 2019, Qatar\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>

Type:<\/b>\u00a0Journal Article<\/span><\/p>

Number of Pages:\u00a0<\/b>12 pages<\/span><\/p>

Link:<\/b>\u00a0<\/span>https:\/\/www.tandfonline.com\/doi\/full\/10.1080\/21534764.2018.1546929<\/span><\/a><\/p>

Brief:<\/b><\/p>

Explaining the resource curse is the Dutch Disease theory that warns states with abundant resources, especially oil and gas, from economic failures and lack of development. The author indicates that wealth in the form of oil and gas may have stunned institutional development, leaving Gulf states with an institutional curse, even though oil has been an economic blessing. He also argues that it \u201cis not a\u00a0resource curse\u00a0that causes underdevelopment but an\u00a0institutions curse\u201d. The author explains that the Gulf states oil wealth was discovered at a time when no economies or official institutions were there to be lost. So the room for economic development was different from the experience in the Netherlands and other countries. However, necessary variables need to be considered and firmly understood now in order to reach sound conclusions. First, \u201c<\/span>narrow economic development<\/span><\/i>\u201d is not the same as \u201c<\/span>economic development.<\/span><\/i>\u201d Second, economic development that is a result of one sector is an indicator of high risk. Gulf states income is from oil and gas, which leaves other industries and the larger private sector marginalized. Third, Gulf states have pegged their currencies against the USD which helps in avoiding much of the economic problems attributed to the Dutch Disease. Added to a weak institutional infrastructure, limited political independence, and the war in Yemen that consumes their wealth as well as the Yemenis\u2019 lives, all of that would only mean that the Gulf States have much to worry about in the near future.\u00a0 <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Author(s):\u00a0Mehran Kamrava Affiliation:\u00a0Center for International and Regional Studies at Georgetown University, Qatar Org. \/Publisher:\u00a0Routledge Date\/Place:\u00a0Feb. 7, 2019, Qatar\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Type:\u00a0Journal Article Number of Pages:\u00a012 pages Link:\u00a0https:\/\/www.tandfonline.com\/doi\/full\/10.1080\/21534764.2018.1546929 Brief: Explaining the resource curse is the Dutch Disease theory that warns states with abundant resources, especially oil and gas, from economic failures and lack of development. The author indicates […]<\/p>\n","protected":false},"author":22,"featured_media":1879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-arabian-peninsula"],"blocksy_meta":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf.png",850,1117,false],"thumbnail":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf-150x150.png",150,150,true],"medium":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf-228x300.png",228,300,true],"medium_large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf-768x1009.png",768,1009,true],"large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf-779x1024.png",779,1024,true],"1536x1536":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf.png",850,1117,false],"2048x2048":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf.png",850,1117,false]},"author_info":{"info":["CIGA Staff"]},"category_info":"Arabian Peninsula<\/a>","tag_info":"Arabian Peninsula","comment_count":"0","rttpg_featured_image_url":{"full":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf.png",850,1117,false],"landscape":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf.png",850,1117,false],"portraits":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf.png",850,1117,false],"thumbnail":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf-150x150.png",150,150,true],"medium":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf-228x300.png",228,300,true],"large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf-779x1024.png",779,1024,true],"1536x1536":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf.png",850,1117,false],"2048x2048":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/Oil-and-Institutional-Stasis-in-the-Persian-Gulf.png",850,1117,false]},"rttpg_author":{"display_name":"CIGA Staff","author_link":"https:\/\/geopoliticalcompass.com\/?author=22"},"rttpg_comment":0,"rttpg_category":"Arabian Peninsula<\/a>","rttpg_excerpt":"Author(s):\u00a0Mehran Kamrava Affiliation:\u00a0Center for International and Regional Studies at Georgetown University, Qatar Org. \/Publisher:\u00a0Routledge Date\/Place:\u00a0Feb. 7, 2019, Qatar\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Type:\u00a0Journal Article Number of Pages:\u00a012 pages Link:\u00a0https:\/\/www.tandfonline.com\/doi\/full\/10.1080\/21534764.2018.1546929 Brief: Explaining the resource curse is the Dutch Disease theory that warns states with abundant resources, especially oil and gas, from economic failures and lack of development. 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