A Political and Economic Dictionary of the Middle East by David Seddon

By David Seddon

This reference quantity is the definitive consultant to the economics and politics of the center East. It offers transparent definitions detailing phrases, strategies, names and agencies utilized in relation to present monetary or political opinions within the center East. Entries outline, clarify and provides additional appropriate details on international locations, areas, ethnic teams, political events, organisations, rules and disputes.

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The hydrocarbons sector is the backbone of the economy, accounting for approximately 60% of budget revenues, 30% of GDP, and more than 95% of export earnings. Algeria’s principal exports are petroleum and natural gas, together generating some $11,600m. , with other energy products accounting for $9,400m. Algeria has the fifth largest reserves of natural gas in the world and is the second largest gas exporter; it ranks 14th in the world in respect of oil reserves. Algeria’s financial and economic indicators improved during the mid-1990s, in part because of policy reforms supported by the International Monetary Fund and debt rescheduling by the Paris Club.

Equivalent to per caput GDP of $1,770). 7%. 5% and services for 38%. The hydrocarbons sector is the backbone of the economy, accounting for approximately 60% of budget revenues, 30% of GDP, and more than 95% of export earnings. Algeria’s principal exports are petroleum and natural gas, together generating some $11,600m. , with other energy products accounting for $9,400m. Algeria has the fifth largest reserves of natural gas in the world and is the second largest gas exporter; it ranks 14th in the world in respect of oil reserves.

Morocco withdrew from the OAU with effect from October 1985 and has not applied to join the AU. The SADR ratified the Constitutive Act in December 2000 and is a full member of the AU. In July 2001 the OAU adopted a New African Initiative, which was subsequently renamed the New Partnership for Africa’s Development (NEPAD) and was launched in October 2001. The heads of state of Algeria A political and economic dictionary of the middle east 20 and Egypt have played a major role in the preparation and management of NEPAD.

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