One striking feature of the recent economic history of the Middle East is high-income Gulf economies financing the persistent external imbalances of its geo-strategically important neighbours. This column asks what happens when, as a consequence of the technological disruptions of the global fossil fuel market, the current account deficits of key countries in the region are no longer sustainable.
Daniel LedermanLead Economist and Deputy Chief Economist, Middle East and North Africa
Daniel Lederman in the Lead Economist and Deputy Chief Economist for the Middle East and North Africa Region of the World Bank Group. He received a B.A. in Political Science from Yale University and M.A. and PhD degrees from the Johns Hopkins University’s School of Advanced International Studies (SAIS).