Author: Karen E. Young / Topic: Development

Author:: Karen E. Young
Publication Date:: 05-2019
Content Type:: Special Report
Institution:: American Enterprise Institute for Public Policy Research
Abstract:: Energy-dependent growth in the Middle East and North Africa (MENA) region, whether in traditional oil and gas exports or petrochemical production and global refinery operations, will be sensitive to shifts in Asian economies and new technology and efficiency innovation. Without structural reforms to subsidies and labor markets, a reliance on debt finance now kicks the can down the road toward difficult fiscal choices in the future. MENA economies are becoming more integrated into emerging markets not by increased trade but through state-led development partnerships and the use of aid and economic statecraft.
Topic:: Foreign Policy, Development, Energy Policy, and Economic growth
Political Geography:: Middle East, North Africa, Gulf Cooperation Council, and Gulf Nations

Author:: Karen E. Young
Publication Date:: 02-2019
Content Type:: Special Report
Institution:: American Enterprise Institute for Public Policy Research
Abstract:: Arab Gulf states are expanding their political and economic ties with China as a bridge strategy to create a next-generation energy market in traditional oil and gas products, as well as petrochemical production and future market access in expected areas of consumer growth. China is also a competitor in some areas where Arab Gulf states are investing in infrastructure, ports, and political outreach to secure new security partnerships, particularly in the Horn of Africa. China and the Arab Gulf states share a model and vision of economic development that is state centered and profitable to state-owned enterprises and financial institutions.
Topic:: Foreign Policy, Development, and Economics
Political Geography:: China, Middle East, Asia, and Gulf Cooperation Council

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