the elusive quest for arab economic development
the elusive quest for arab economic development
the elusive quest for arab economic development
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Figure 1: Convergence of GDP Per Capita in Developing Regions Relative to OECD,1974-2010 (Constant US$2000)All regions except SSA (%)25%20%15%10%5%0%5%4%4%3%3%2%2%1%1%0%Sub-Saharan Africa (%)Arab WorldLatin America & Caribbean (all income levels)East Asia & Pacific (all income levels)Sub-Saharan Africa (all income levels)Source: Authors’ calculations based on World Development Indicators (WDI) data.Figure 2: Per Capita Growth and Volatility in <strong>the</strong> Arab World, 1961-2010 (Percent)5.04.03.02.01.44.22.51.41.00.0Oil-richnon-oil richlevelvolatilitySource: Authors’ calculations based on WDI data.Figure 3: Convergence of Per Capita Income in Oil and Non-Oil Rich Arab CountriesRelative to OECD, 1971-2010 (Percent, Constant US$2000)oil-rich economies (%)120%100%80%60%40%20%0%1970197219741976197819801982198419861988199019921994199619982000200220042006200814%12%10%8%6%4%2%0%non-oil rich economies (%)oil-richnon-oil richSource: Authors’ calculations based on WDI data.21
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