The following is a list of core foreign texts that IIST has translated and published in Arabic for the benefit of the Arab reader.
|The Paradox of Plenty: Oil Booms and Petro States (1997)|
|Author: Terry Lynn Karl
Translator: Abdul Ilah Al-Naimi
|This book asks why in the midst of the oil boom in the 1970s, oil-exporting governments as different as Venezeula, Iran, Nigeria, Algeria, and Indonesia, all suffer similarly disappointing outcomes. The premise is that oil turns into a curse rather than a blessing. The presence of oil encourages leaders to postpone or avoid much-needed structural reforms and the huge revenues mask the economic, social, and political problems marring the country. Dependence on oil leads to disproportionate fiscal reliance on Ďpetrodollarsí. Karl discovers that oil booms, while creating the illusion of prosperity and development, actually destabilize governance and weaken state capacity.
Translation allows this well-documented piece to be accessible to many of the Arab peoples who have suffered from inequality in paradox to their countryís oil wealth.
|Subject: Political Economy, Economics, History, Political Science.|
|Keywords: oil economics, rentierism, OPEC.|