The oil-exporting countries of the Persian Gulf have failed economically and socially. It is time for a radical new approach to managing oil revenues while oil and gas reserves last. We propose an approach to cut the level of oil revenues available to governments to zero while incorporating a...

Software exports have the potential to make a significant contribution to the economies of developing countries and to the global IT industry. Developing countries have demonstrated a comparative advantage in this export sector and the global IT industry can benefit from this developing country...

The Quran is the primary source for Islamic teachings and tenets. While the community may adapt social and economic policies in order to meet a society's shifting socio-economic needs, the basic principles of the Islamic economic and social system, however, must be preserved. Freely elected...

Economic sanctions are seen as a foreign policy instrument less severe than military engagement but more potent than diplomacy. The assessment of the economic impact of sanctions invariably focuses on direct bilateral trade, with little regard to indirect costs. In the case of sanctions on Iran,...

The Middle East has one of the highest ratios of exports to GDP in the world, yetintra-regional trade level is one of the lowest. Intra-Middle Eastern trade is examined in detail to assess the reasons for the low level of regional trade and to recommend policies for promoting trade within the area.

The region comprising North Africa and the Middle East is the driest in the world. Thus conflicts over water have been a part of the landscape. These conflicts overwater are invariably seen as a zero sum game, such a view does not incorporate the notion that water is an economic good and is...

We show how human and economic development has generally remained low amongMiddle Eastern oil-exporters, despite over three trillion dollars in oil revenues. Islam and religion have not contributed to the region's failure. Extensive mismanagement of oil wealth has fueled corruption, decelerated...