VOL. XLV

No 47

25-November-2002

BUDGETS AND REVENUES

World Bank Examines Poor Economic Performance In Gulf Producing Countries

In a paper published in October entitled The Political Economy of Fiscal Policy and Economic Management in Oil Exporting Countries, the World Bank notes that most oil exporters have done less well than resource-poor countries over the past few decades, particularly when considering the revenue they have gained since 1973. The paper examines this phenomenon and considers...