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Examining the negative effects on the economies of oil-exporting Arab countries as a result of the current imbalance in the international monetary system, this paper finds that the imbalance is mainly represented in the continuation of the dollar as the central reserve currency of the Gulf States. As long as this imbalance exists, it postulates, the surpluses achieved by these countries in their balance of foreign payments ends up as dollar-denominated reserves deposited in the US government treasury or as US bonds. In other words, as loans countries with financial surpluses Gulf States give to the richest economy in the world in return for meager interest rates instead of investing them in high-yielding productive projects that could increase demand in the global economy, drive up employment rates, and help protect against crises and instability. This study aims to start a debate about the need for the Gulf countries to take part in efforts to reform the international monetary system, and join developing nations that spend on infrastructure and sustainable development instead of on defense. This paper sees such a move as ensuring that the Gulf States would then participate in reforming global governance and the development of the international monetary system. Gulf countries should seriously consider joining the New Development Bank and the Asian Infrastructure Bank, as well as establish a trans-regional bank between Asian and Arab countries, as a more advanced step.

ﺗﺸﻬﺪ ﻣﻨﻄﻘﺔ اﻟﺨﻠﻴﺞ ﻣﻨﺬ أواﺧﺮ أﻳﺎر/ ﻣﺎﻳﻮ 2017 أزﻣﺔ دﺑﻠﻮﻣﺎﺳﻴﺔ ﺑﻴﻦ ﻋﺪد ﻣﻦ دول ﻣﺠﻠﺲ اﻟﺘﻌﺎون اﻟﺨﻠﻴﺠﻲ اﻟﻌﺮﺑﻴﺔ، ﻫﻲ ا ﻛﺜﺮ ﺣﺪةً ﻣﻨﺬ ﺗﺸﻜﻴﻞ اﻟﻤﺠﻠﺲ ﻋﺎم 1981. ﺑﺪأت ا زﻣﺔ ﺑﺤﻤﻠﺔ إﻋﻼﻣﻴّﺔ ﻋﻠﻰ دوﻟﺔ ﻗﻄﺮ، ﻗﺎدﺗﻬﺎ وﺳﺎﺋﻞ إﻋﻼم ﺳﻌﻮدﻳﺔ وإﻣﺎراﺗﻴﺔ. وﺑﺨﻼف أزﻣﺔ ﺳﺤﺐ اﻟﺴﻔﺮاء ﻋﺎم 2014، أﻗﺪﻣﺖ ﺛﻼث دول ﺧﻠﻴﺠﻴﺔ ﻫﻲ اﻟﺴﻌﻮدﻳﺔ، واﻟﺒﺤﺮﻳﻦ، واﻣﺎرات ﻣﻊ ﻣﺼﺮ، ﻓﻲ اﻟﺨﺎﻣﺲ ﻣﻦ ﺣﺰﻳﺮان/ ﻳﻮﻧﻴﻮ 2017، ﻋﻠﻰ ﻗﻄﻊ اﻟﻌﻼﻗﺎت اﻟﺪﺑﻠﻮﻣﺎﺳﻴﺔ وﻓﺮض ﺣﺼﺎر ﺷﺎﻣﻞ ﻋﻠﻰ ﻗﻄﺮ ﺛﻢ ﺳﻠ ﻤﺘﻬﺎ ﻗﺎﺋﻤﺔ ﻣﻄﺎﻟﺐ، وأﻣﻬﻠﺘﻬﺎ ﻋﺸﺮة أﻳﺎم ﻟﺘﻨﻔﻴﺬﻫﺎ أو ﻣﻮاﺟﻬﺔ ﺳﻴﻨﺎرﻳﻮﻫﺎت ﺗﺼﻌﻴﺪﻳﺔ. وﻓﻲ اﻃﺎر ﻧﻔﺴﻪ، ﺗﺴﻌﻰ ﻫﺬه اﻟﺪول إﻟﻰ ﻋﺰل ﻗﻄﺮ دﺑﻠﻮﻣﺎﺳﻴًﺎ وﺳﻴﻠﺔ ﺟﺒﺎرﻫﺎ ﻋﻠﻰ اﻟﺨﻀﻮع، ﻏﻴﺮ أنّ اﻟﻘﻮى اﻟﻜﺒﺮى ﺗﻌﺎﻣﻠﺖ ﺑﻤﺴﺆوﻟﻴﺔ أﻛﺒﺮ ﺗﺠﺎه ازﻣﺔ، وﺑﺪأت ﺗﻘﻮم ﺑﺪور اﻟﻮﺳﻴﻂ ﻟﺘﺴﻮﻳﺘﻬﺎ. ﺗﺴﻠﻂ اﻟﻮرﻗﺔ اﻟﻀﻮء ﻋﻠﻰ ﺟﺬور ازﻣﺔ اﻟﺨﻠﻴﺠﻴﺔ وﻣﺴﺎراﺗﻬﺎ اﻟﻤﺘﻌﺮﺟﺔ ﺑﺤﻜﻢ ﺗﺪاﺧﻞ أدوار ﻋﺪد ﻣﻦ اﻟﻔﺎﻋﻠﻴﻦ اﻗﻠﻴﻤﻴﻦ واﻟﺪوﻟﻴﻴﻦ ﻓﻴﻬﺎ. ﻛﻠﻤﺎت ﻣﻔﺘﺎﺣﻴﺔ: ازﻣﺔ اﻟﺨﻠﻴﺠﻴﺔ، ﺣﺼﺎر ﻗﻄﺮ، ﻣﺠﻠﺲ اﻟﺘﻌﺎون اﻟﺨﻠﻴﺠﻲ. Since late May 2017, the Gulf region has been witness to the most intense diplomatic crisis since the formation of the Gulf Cooperation Council in 1981. Tis paper attempts to highlight the roots of the present-day Gulf crisis and explore the potential, complicated outcomes, taking in the roles of various regional and global players. Te crisis begun with a vicious smear campaign against Qatar and led by Saudi- and Emirati-state owned media. In contrast to the 2014 diplomatic rif in which the Ambassadors of the United Arab Emirates, Saudi Arabia and Bahrain were withdrawn from Doha, this latest crisis also included a complete severing of diplomatic ties on the part of the UAE, Saudi Arabia and Bahrain in addition to Egypt.To this was later added a complete blockade of Qatar by air, sea and land. Te countries leading the siege on Doha later presented a ten-point ultimatum to Qatar to fulfill within 10 days. A further attempt by the countries leading the blockade to isolate Qatar on the world stage failed, however, as leading world powers opted to play a more constructive role and mediate an end to the crisis.

ﺗﻨﺎﻗﺶ ﻫﺬه اﻟﺪراﺳﺔ ا دﺑﻴﺎت اﻟﻤﺘﺎﺣﺔ ﻓﻲ اﻻﻗﺘﺼﺎد اﻟﺴﻴﺎﺳﻲ اﻟﺘﻲ ﺗﺆﻃﺮ ﻣﻔﻬﻮم اﻟﺪوﻟﺔ اﻟﺮﻳﻌﻴﺔ، ﺑﺎﺳﺘﺨﺪام اﻟﺪول اﻟﻨﻔﻄﻴﺔ ﻣﺴﺮﺣًﺎ ﻟﻠﺘﻮﺳﻊ، ﺑﺨﺼﺎﺋﺺ اﻟﻨﻈﺮﻳﺔ اﻟﺒﻨﻴﻮﻳﺔ وأﺑﻌﺎدﻫﺎ. وأوﺿﺤﺖ اﻟﺪراﺳﺔ اﻟﻔﺠﻮة ا ﻛﺎدﻳﻤﻴﺔ ﻓﻲ أدﺑﻴﺎت اﻟﺪوﻟﺔ اﻟﺮﻳﻌﻴﺔ ﻏﻴﺮ اﻟﻨﻔﻄﻴﺔ. ﻛﻤﺎ ﺣﻠﻠﺖ اﻟﺪراﺳﺔ ﻣﺼﺎدر ﺗﻤﻮﻳﻞ اﻟﺴﻠﻄﺔ اﻟﻔﻠﺴﻄﻴﻨﻴﺔ، وﻧﺎﻗﺸﺖ إن ﻛﺎﻧﺖ ﻫﺬه اﻟﻤﺼﺎدر ﺗ ﻌﺪّ رﻳﻌًﺎ أو ﻣﺼﺎدر ﺗﻤﻮﻳﻞ اﻋﺘﻴﺎدﻳﺔ. وأﻃﺮت اﻟﺪراﺳﺔ اﻟﻤﺼﺎدر اﻟﺮﻳﻌﻴﺔ ﺑﻨﺎءً ﻋﻠﻰ ﻣﻨﺸﺌﻬﺎ إﻟﻰ أﻣﻮال اﻟﻤﺎﻧﺤﻴﻦ اﻟﺪوﻟﻴﻴﻦ اﻟﺪاﻋﻤﺔ ﻟÝﻧﻔﺎق اﻟﺤﻜﻮﻣﻲ، وأﻣﻮال اﻟﻤﻘﺎﺻّﺔ اﻟﻤﺤﺼﻠﺔ إﺳﺮاﺋﻴﻠﻴًﺎ واﻟﺘﻲ ﻳﺘﻢ ﺗﺤﻮﻳﻠﻬﺎ إﻟﻰ ﺧﺰﻳﻨﺔ اﻟﺴﻠﻄﺔ اﻟﻔﻠﺴﻄﻴﻨﻴﺔ ﺑﻤﻮﺟﺐ اﺗﻔﺎﻗﻴﺎت ﺳﻴﺎﺳﻴﺔ. وأﺧﻴﺮًا، اﻗﺘﺮﺣﺖ اﻟﺪراﺳﺔ ﻫﻴﻜﻠﻴﺔ ﻣﻘﻮﻣﺎت اﻟﺪوﻟﺔ اﻟﺮﻳﻌﻴﺔ ﻏﻴﺮ اﻟﻨﻔﻄﻴﺔ، ﻣﺴﺘﺨﺪﻣﺔ اﻟﺴﻠﻄﺔ اﻟﻔﻠﺴﻄﻴﻨﻴﺔ ﻣﺜﺎﻟ ﺎ. وﺗﻘﺘﺮح اﻟﺪراﺳﺔ ﺣﺼﺮ ﺧﺼﺎﺋﺺ اﻟﺪوﻟﺔ اﻟﺮﻳﻌﻴﺔ ﻏﻴﺮ اﻟﻨﻔﻄﻴﺔ إﻟﻰ ﻧﻴﻮﺑﺘﺮوﻣﻨﻴﺎﻟﻴﺔ ﻣﺮﻧﺔ؛ رﻛﻮد ﺳﻴﺎﺳﻲ داﺧﻠﻲ ﻳﻘﺎﺑﻠﻪ ﻧﺸﺎط ﺳﻴﺎﺳﻲ ﺧﺎرﺟﻲ، وﺳﻴﺎﺳﺎت اﻗﺘﺼﺎدﻳﺔ ﻣﻔﺮوﺿﺔ ﺧﺎرﺟﻴًﺎ، وﻧﻈﺎم ﺿﺮﻳﺒﻲ ﻫﺶ، واﻧﻌﺪام اﻻﺳﺘﻘﺮار اﻟﻤﺎﻟﻲ، واﻗﺘﺼﺎد ﻣﺘﻤﺤﻮر ﻋﻠﻰ اﻟﺮﻳﻊ ﺑﺎﺳﺘﺨﺪام اﻟﺴﻠﻄﺔ اﻟﻔﻠﺴﻄﻴﻨﻴﺔ ﻧﻤﻮذﺟًﺎ. ﻛﻠﻤﺎت ﻣﻔﺘﺎﺣﻴﺔ: اﻟﺴﻠﻄﺔ اﻟﻔﻠﺴﻄﻴﻨﻴﺔ، ﻧﻈﺮﻳﺔ اﻟﺪوﻟﺔ اﻟﺮﻳﻌﻴﺔ، اﻟﺪﻋﻢ اﻟﺪوﻟﻲ، ﻓﻠﺴﻄﻴﻦ. Tis study is a theoretical and practical precedence in conceptualizing a rentier state in Palestine. It sets the possibility for understanding the underlying principles of the performance of the Palestinian Authority (PA) since its inception in 1994. It provides a platform for utilizing rentier state theory (RST) in a non-carbon state as a framework for analysing its political economy. More profoundly, it attempts to utilize RST in understanding the sate society relation under the complex political structural reality in Palestine. Firstly, the study makes the case for the gap in literature with regards to non-carbon based rentier states. It does so by providing a short history of literature and an overview of the sub-literature that followed with regards to conditional and specialized theories on the rentier state. Secondly, it elaborates on the PA's sources of income and debates whether they are rents. It categorizes rents in the Palestinian case to include international donations to the PA, and Israeli processed and controlled clearance taxes. Both sources amount to over 70% of the PA's expenditure. Tirdly, it proposes five characteristics that exemplify the non-carbon rentier state. It proposes that flexible neopatrimonialism, external imposed economic policy, active foreign policy contrasted by inactive internal policy, fragile tax collection system and unreliable financial flows, and rentier based economy best describe the non-carbon rentier state using the PA as an example.

​In this section you will find the most important documents on democratic change in the Arab world. In this issue, we publish documents highlighting the political movement in Tunisia demanding democracy and look at the main political changes in Sudan, Iraq and Jordan in March and April 2022.

This book offers an in-depth examination of Qatar's hosting of the 2022 World Cup through an international relations lens. It explores Qatar's objectives, mostly at the international level, that drove the decision to host the event.

ﺗﺴﻠﻂ اﻟﻮرﻗﺔ اﻟﻀﻮء ﻋﻠﻰ اﻟﻤﺤﺪدات اﻟﺮﺋﻴﺴﺔ ﻟﻤﻮاﻗﻒ ﺛﻼث دول ﻋﺮﺑﻴﺔ؛ ﻫﻲ اﻟﺴﻮدان واﻟﻤﻐﺮب واﻟﺼﻮﻣﺎل، ﻣﻦ ا زﻣﺔ اﻟﺨﻠﻴﺠﻴﺔ اﻟﺮاﻫﻨﺔ. وﻟﻢ ﻳﺄت اﺧﺘﻴﺎر ﻫﺬه اﻟﺪول ﻣﻦ ﻗﺒﻴﻞ اﻟﻤﺼﺎدﻓﺔ، ﺑﻞ ﻧﺘﻴﺠﺔ ﻣﺠﻤﻮﻋﺔ ﻣﻦ اﻟﻌﻮاﻣﻞ؛ أﺑﺮزﻫﺎ اﻟﻌﻼﻗﺎت اﻟﻮﺛﻴﻘﺔ واﻟﻤﻤﻴﺰة ﻟﻬﺎ ﺑﺄﺣﺪ ﻃﺮﻓﻲ ازﻣﺔ، وﺳﻌﻲ اﻟﺪول ارﺑﻊ اﻟﻤﺤﺎﺻِ ﺮة ﻻﺟﺘﺬاﺑﻬﺎ إﻟﻰ ﺻﻔﻬﺎ، ﺿﻤﻦ ﻧﻬﺞ دﺑﻠﻮﻣﺎﺳﻲ ﻗﺎدﺗﻪ اﻟﺴﻌﻮدﻳﺔ، ﻳﺮﻣﻲ إﻟﻰ ﻋﺰل دوﻟﺔ ﻗﻄﺮ ﻋﺮﺑﻴًﺎ ﺗﻤﻬﻴﺪًا ﻟﻌﺰﻟﻬﺎ دوﻟﻴًﺎ. وﻣﺎ أﻋﻄﻰ ﻻﺧﺘﻴﺎرﻧﺎ أﻫﻤﻴﺔ، رﻓﺾ اﻟﺪول اﻟﺜﻼث، ﻋﻠﻰ اﻟﺮﻏﻢ ﻣﻦ اﻏﺮاءات واﻟﻀﻐﻮط، ﻣﺴﺎﻳﺮةَ دول اﻟﺤﺼﺎر ﻓﻲ ﺧﻄﻮاﺗﻬﺎ اﻟﺘﺼﻌﻴﺪﻳﺔ ﺿﺪ ﻗﻄﺮ، واﺗﺨﺬت اﻟﺤﻴﺎد اﻳﺠﺎﺑﻲ اﻟﺪاﻋﻲ إﻟﻰ ﺣﻞ اﻟﻤﺸﻜﻼت اﻟﺴﻴﺎﺳﻴﺔ ﺑﺎﻟﻄﺮق اﻟﺴﻠﻤﻴﺔ، ﻣﻦ دون اﻟﻠﺠﻮء إﻟﻰ آﻟﻴﺎت ﺗﻌﺴﻔﻴﺔ، ﻛﻨﻬﺞ اﻟﺤﺼﺎر اﻟﺴﻴﺎﺳﻲ واﻻﻗﺘﺼﺎدي اﻟﻤﺘﺒﻊ ﺣﺎﻟﻴًﺎ. ﻛﻠﻤﺎت ﻣﻔﺘﺎﺣﻴﺔ: ازﻣﺔ اﻟﺨﻠﻴﺠﻴﺔ، اﻟﺴﻮدان، اﻟﻤﻐﺮب، اﻟﺼﻮﻣﺎل، أرض اﻟﺼﻮﻣﺎل. This paper explores the positions of three Arab states: Morocco, Sudan and Somalia towards the present crisis in intra-Gulf relations. The choice of these three Arab countries in Africa was deliberate, a result of the strong bilateral bonds which tie each of them to Qatar, a party to the conflict. It is also true that the countries presently leading a blockade on Qatar, led by Saudi Arabia, sought to coerce these three countries to similarly cut off ties with Qatar, part of an effort to isolate Doha on the Arab regional stage before seeking to isolate the country globally. More importantly, each of these three countries opted to pursue a path of "positive impartiality", remaining firm in the face of financial and political inducements from the countries leading the blockade on Qatar to join their effort.

The purpose of this paper is to document Qatar's recent contribution of humanitarian aid to the Palestinians. We consider Qatar as an example of a mini state that relies on its wealth and soft power to further its interests in the Middle East and support a beleaguered Arab-Muslim state. The paper carries out analysis of Arabic newspapers and other documentary evidence to contextualize and estimate Qatar's financial contribution from 2010 to 2016. Contextualizing Qatar's aid necessitates considering Israel's military control of the Palestinian Territories, and its ability through hard power to regulate the inflow of aid to Palestine. The paper concludes by calling for adopting the political economy perspective in dealing with humanitarian aid.

ﺗﺴﻠﻂ اﻟﻮرﻗﺔ اﻟﻀﻮء ﻋﻠﻰ ﻣﺮاﻛﺰ اﻟﺒﺤﻮث واﻟﻤﻨﺎﺑﺮ اﻋﻼﻣﻴﺔ اﻣﻴﺮﻛﻴﺔ اﻟﻤﻨﺘﺠﺔ ﻟ{ﻓﻜﺎر واﻟﺘﺤﻠﻴﻼت اﻟﺘﻲ ﻛﺎن ﻟﻬﺎ دور ﺣﺎﺳﻢ ﻓﻲ ﺻﻨﻊ ﺳﻴﺎﺳﺔ اﻟﻮﻻﻳﺎت اﻟﻤﺘﺤﺪة اﻟﺨﺎرﺟﻴﺔ، واﻟﻤﻨﺎخ اﻟﺬي أﺷﺎﻋﺘﻪ ﻓﻲ ﺗﺸﻜﻴﻞ "ﻋﺎﻟﻢ ﺗﺮاﻣﺐ". وﺗﺒﻴﻦ اﻟﻮرﻗﺔ اﻟﺴﻤﺎت ا ﺳﺎﺳﻴﺔ ﻟﻬﺬه اﻟﻜﺘﺎﺑﺎت ﻓﻲ ﻣﺠﺎل اﻟﺘﺄﺛﻴﺮ ﻓﻲ ﺻﻨﻊ اﻟﻘﺮار اﻟﺨﺎرﺟﻲ اﻣﻴﺮﻛﻲ، ﻛﻤﺎ ﺗﺘﻨﺎول اﻟﻌﻨﺎﺻﺮ اﻟﻔﻜﺮﻳﺔ اﻟﺘﻲ ﺑﺎﺗﺖ ادارة اﻣﻴﺮﻛﻴﺔ اﻟﺤﺎﻟﻴﺔ ﺗﺴﺘﻠﻬﻢ ﻣﻨﻬﺎ ﺑﻌﻀ ﺎ ﻣﻦ ﻣﻨﻄﻠﻘﺎﺗﻬﺎ اﺳﺎﺳﻴﺔ إزاء اﻟﻤﻮﻗﻒ ﻣﻦ دوﻟﺔ ﻗﻄﺮ، ﺑﺤﻴﺚ ﺟﺮى اﻟﺘﺮﻛﻴﺰ ﻋﻠﻰ أﻧﻪ ﻣﺎ داﻣﺖ ﻗﻄﺮ ﺗﺴﺘﻤﺮ ﻓﻲ دورﻫﺎ ﻣﺼﺪرًا ﻟﺘﻤﻮﻳﻞ اﻟﺠﻤﺎﻋﺎت ارﻫﺎﺑﻴﺔ واﻟﻤﺘﻄﺮﻓﺔ ﻓﻲ اﻟﺸﺮق اوﺳﻂ، وﺗﺠﻴّﺮ ﻗﻮﺗﻬﺎ اﻟﻨﺎﻋﻤﺔ ﻟﻤﺼﻠﺤﺔ اﺳﻼم اﻟﺮادﻳﻜﺎﻟﻲ، ﻓﻤﻦ اﻟﻤﻌﻘﻮل ﻃﺮح اﻟﺴﺆال إن ﻛﺎن ﻣﻨﻄﻘﻴًﺎ اﺳﺘﻤﺮار إدارة دوﻧﺎﻟﺪ ﺗﺮاﻣﺐ ﻓﻲ "اﺳﺘﺌﺠﺎر أﺻﻮل" ﻣﻦ دوﻟﺔ ﺗﺆﻳﺪ ﻣﺜﻞ ﻫﺬه اﻟﻄﺒﻌﺔ ﻣﻦ اﺳﻼم. واﻟﻬﺪف، ﺑﺤﺴﺐ ﻣﺎ ﺗﺤﺎﺟﺞ اﻟﻮرﻗﺔ، ﻫﻮ أن ﺗﺒﻘﻰ ﻗﻄﺮ ﺗﺤﺖ اﻟﻤﺠﻬﺮ، ﻣﻜﺒّﻠﺔ اﻟﻴﺪﻳﻦ ﻋﻦ اﻟﺘﺤﺮك وﻓﺎﻗﺪة اﻟﻤﺒﺎدرة، وﻓﻲ اﻧﺘﻈﺎر ﺳﺎﻛﻦ ﺧﺎرج ﺣﻠﺒﺔ اﻟﻤﺴﺮح اﻗﻠﻴﻤﻲ. ﻛﻠﻤﺎت ﻣﻔﺘﺎﺣﻴﺔ: ﻗﻄﺮ، ﻣﺮاﻛﺰ اﻟﺒﺤﻮث اﻣﻴﺮﻛﻴﺔ، ازﻣﺔ اﻟﺨﻠﻴﺠﻴﺔ. This paper highlights US research centers and platforms producing ideas and literatures that have played a crucial role in shaping US foreign policy and the climate that has shaped it in the formation of the "Trump's World", and outlines the main features of these writings in influencing US foreign policy-making. Furthermore, the paper discusses the intellectual elements that the current US administration is drawing form some of its basic premises on the attitude towards Qatar. These writings emphasizes that as long as Qatar continues to play its role as a source of funding for terrorist and extremist groups in the Middle East, the question raises weather Tramp administration would continue to "lease assets" from a country that supported such a version of Islam, but the goal is to keep Qatar inactive and waiting outside the regional theater.

Beginning in 1995, Qatar underwent a major transformation in its foreign policy, adopting an independent and neutral foreign policy as a result of being located in an important vital, geopolitical and economic region, with tensions between the influential regional powers. Given the importance of mediation in resolving disputes and bringing peace to a region raging in conflict, Qatar adopted a foreign policy approach of dialogue, good offices, mediation, and preventive diplomacy, and worked to settle disputes and crises peacefully, remaining impartial and independent, in accordance with the provisions of international law and the Charter of the United Nations. This study explores Qatar policy and experience in mediation and dispute settlement and highlights its active role and contribution over the past twenty years, by clarifying the features of its foreign policy, strategy, and principles, and highlighting case studies of previous Qatari mediation.

The study examines wealth and power in the US energy policy in the Gulf region using the international political economy approach, which proposes a relationship of mutual influence between the market and foreign policy. The study is based on two main analytical approaches: economic liberalism and economic realism. By tracking the course of US energy policy in the Gulf, the study extrapolates factors determining US energy security interests between twofold economic and political objectives; creating wealth and maximizing power. It also looks at the weighting factors of one at the expense of the other or the extent to which they are merged. It also aims to assess the future of the US approach to the region given Washington's energy independence strategy. The study argues that the critical impact of energy, especially oil, on economic development and the well-being of nations cannot be ignored.