ECON 422: Economic Organization
and Development of the Middle East : (3-0-3)
An analytical survey of the economic organization of the Middle East.
Role of petroleum in transforming the economies of the Arabian Gulf countries,
Iran and Libya in terms of the creation of infrastructure and new industry.
Special attention to the role of OPEC as a successful cartel in the international
petroleum market place and natural resource economics as applied to petroleum
in the region. Evaluation of national efforts to diversify away from the
petroleum sector. International capital flows into and out of the regions.
An overview of non-petroleum exporting Middle East countries with reference
to population and land resources, agricultural industries, transportation,
trade and finance. Prognosis of economic development of the region and
forecast of alternative economic
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