Middle East Focus: On Economic Growth Models on the Gulf

Arabia Deserta

On Economic Growth Models on the Gulf

"'If the law supposes that,' said Mr. Bumble, squeezing his hat emphatically in both hands, 'the law is a ass — a idiot. If that's the law, the law is a bachelor; and the worst I wish the law is, that his eye may be opened by experience — by experience.'" Charles Dickens, Oliver Twist

“June 30 2009: Gulf economies require solid institutional models: Most countries have two main economic goals: boosting their prosperity and increasing the number of citizens who benefit from it. But how can a country achieve economic prosperity, reduce the inequality gaps among its population, and sustain development and relay its benefits from today’s generation to tomorrow’s?....

“To begin to answer these questions, policy makers should establish a well-functioning institutional model for economic development that aims to achieve the goals of economic prosperity and of equality – the country’s ability to spread the rewards and costs of economic activity equally throughout its population ...."

All this sounds so familiar, as if I have heard, read, and written them many times before. Come to think of it: I have, I have, I have. It is a case of deja vu all over again. And it didn't do much good then either.
Cheers
mhg
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