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MENA is one of the richest regions in the world in terms of natural resources: it holds more than 60 percent of the world's proven oil reserves, mostly located in the Gulf region, and nearly half of gas reserves. Oil represents 80-85 percent of merchandise exports in the region, making it highly depending on fluctuations in international prices. A long strand of economic literature has suggested that such dependence may hurt a country's growth prospects and the scope for job creation by reducing economic diversification. This volume investigates the effect of natural resources and the role of

Diversification in industry -- Africa, North. --- Diversification in industry -- Middle East. --- Economic development -- Africa, North. --- Economic development -- Middle East. --- Industrial policy -- Africa, North. --- Industrial policy -- Middle East. --- Natural resources -- Government policy -- Africa, North. --- Natural resources -- Government policy -- Middle East. --- Economic development --- Natural resources --- Industrial policy --- Diversification in industry --- Business & Economics --- Economic History --- Government policy --- Industrial diversification --- Product diversification --- Business --- Industries --- Industry and state --- National resources --- Resources, Natural --- Development, Economic --- Economic growth --- Growth, Economic --- Economic aspects --- Input-output analysis --- Barriers to entry (Industrial organization) --- Multiproduct firms --- Economic policy --- Resource-based communities --- Resource curse --- Economics --- Statics and dynamics (Social sciences) --- Development economics