Elusive Development : From Dependence to Self-Reliance in the Arab Region

126.33 SGD
Member Price
113.70
English

Product Description

The oil boom prompted a massive inflow of capital into the Arab region. But whilst the investment this facilitated clearly had benefits for the region, the developmental achievements of the boom decade are demonstrably unable to match the magnitude of the resources directed to development and the reasonable expectations invested in it. Professor Yusif Sayigh draws a powerful and painful lesson from this experience applicable to other areas: you cannot buy development; it must be soundly oriented and sought with resolve by society's leaderships and a people enjoying a large measure of freedom and political participation.

Why do massive inflows of capital so rarely achieve lasting development in the Third World? This study of the Arab region's oil boom argues that self-reliance and social policy are just as central to sustained economic progress.

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