Askari, Hossein; Taghavi, Roshanak - In: Banca Nazionale del Lavoro Quarterly Review 59 (2006) 236, pp. 81-111
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...