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Oil's Curse.

Reader comment on item: The Dubai Miracle Has Become Real

Submitted by Ethan Perks (United States), Dec 8, 2017 at 09:18

Is it possible that the Dubai miracle is "because" they lack oil $? The corruption and petro dependence in oil/gas rich nations seems to create an economic stagnation that Dubai seems to have avoided.

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Daniel Pipes replies:

Yes.

http://www.danielpipes.org/163/the-curse-of-oil-wealth

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