As the golden age of oil nears its end, incomes in the MENA region are destined to fall precipitously from their artificial petrodollar-boosted levels. Using the analogy of how to respond to being caught in quicksand, this column argues that the quick kicks of investment in big projects and misguided wars will drag the region down further. While structural reforms are slow and boring, they are also indispensable for economic progress.
Hany Abdel-LatifLecturer in Economics, Swansea University UK
Hany Abdel-Latif ia a Lecturer in Economics at Swansea University UK. His research focuses on topics related to Applied Economics, Macroeconomics, Financial Economics, International Economics and Labour Economics. He received his PhD. in Economics from Swansea University.