The Economic Consequences of the Fall in Future Energy Demand in the Arab World by

The economic development of the Arab region in recent years has become heavily dependent on the fortunes of oil . The sudden and significant increases in oil prices and revenues of 1973/74 and 1979180 have had a considerable impact on the levels and patterns of economic development in the oil-exporting and in the non-oil countries of the Arab world.

By: Robert Mabro

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