Middle eastern oil producing countrieswe have a large

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Middle Eastern Oil producing countries

We have a large number of students from the Middle East, mainly Saudi Arabi, in this class. It is my understanding that in the United Arab Emirate, Saudi Arabia, and other GCC countries, politics which is under the control of a family dominates economics. DaronAcemoglu and Jane Robinson argue that such a system is unsustainable in the long run; are they right? Can such a system satisfy the demand of the population, especially the young who are educated abroad and have access to the internet?

Reference no: EM13375002

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