Join John Adams, world renowned Intl Matchmaker, Monday nights 8:30 EST for Live Webcasts!
And check out Five Reasons why you should attend a FREE AFA Seminar! See locations and dates here.



View Active Topics       View Your Posts       Latest 100 Topics       FAQ Topics       Switch to Mobile


Can't Arab countries become wealthy without oil?

Ask questions and get advice. Disclaimer: Any advice you take here is at your own risk. We are not liable for any consequences you might incur from following advice here. Note: Before posting your question, do a search for it in the Google Search box at the top to see if it's been addressed.

Moderators: fschmidt, jamesbond

Can't Arab countries become wealthy without oil?

Postby Boner_Jones » February 12th, 2011, 4:19 am

I was watching tv tonight... and on the news they showed these figures about per capita GDP.

Kuwait is highest at $43,000.

Then Saudi Arabia... $17,000.

But they've got oil.

Egypt doesn't have oil... and was near the bottom... $2200. Even when they get $1.5 billion from us every year!

Do Arabs have anything else going for them besides oil?
Boner_Jones
Freshman Poster
 
Posts: 140
Joined: May 10th, 2009, 1:25 am




Check out our Dating Sites and HA International Romance Tours!



Postby Think Different » February 12th, 2011, 5:32 am

If it weren't for the sheer damn luck of their sitting on oil, most of those "Arab" countries would still be living in tents in the desert. The smart ones are looking past the oil days and have invested their money in the stock market and are getting into the financial business. I've always said that those countries today can't even build a functioning bicycle yet they send their best and brightest to study science, engineering, medicine, etc in the West, so they can go back to their home countries and use their knowledge to blow up the "infidels".

In a nutshell, I see no plus-side to the Muslim/Arab "culture". It is a contagion, plain and simple.
Think Different
Junior Poster
 
Posts: 907
Joined: April 8th, 2010, 5:28 am
Location: Germany

Re: Can't Arab countries become wealthy without oil?

Postby Rock » February 12th, 2011, 7:57 am

Boner_Jones wrote:I was watching tv tonight... and on the news they showed these figures about per capita GDP.

Kuwait is highest at $43,000.

Then Saudi Arabia... $17,000.

But they've got oil.

Egypt doesn't have oil... and was near the bottom... $2200. Even when they get $1.5 billion from us every year!

Do Arabs have anything else going for them besides oil?


Having a big amount of a valuable commodity like oil is a detriment to the rest of a country's economy because it puts extreme appreciation pressure on local currency which boosts imports and destroys export competitiveness. It becomes a vicious cycle. To learn more about this concept, read about Dutch disease.

But that can still be OK for the general population of a country if 2 conditions are met:

1. The country tends towards socialism (ie oil wealth is shared fairly evenly).

2. There is enough oil wealth and income generate relative to the population (per head) so that the industrial and service sectors is not so important (icing on the cake).
Rock
Elite Upper Class Poster
 
Posts: 4225
Joined: April 21st, 2010, 5:16 pm

Postby odbo » February 12th, 2011, 8:11 am

Don't get too caught up in GDP. In European history, wealthy nations only became wealthy because wealthy families moved there. It has nothing to do with the people. I think the wealthiest average citizen is in Qatar now. As for Saudi Arabia, the scum who run that country are complete puppets of US & Israel and I'm sure they enjoy the usual.. paedophilia & child sacrifice. Holding Arabs back is a necessary part of the plan. Stupid arabs will be one of the justifications for WWIII where Israel will come out as the dominant nation on earth, at least that's what the plan has always been.

When Iranians want to call someone stupid they say "Are you Arab?". When Arabs want to do the same they say "Are you Indian?" :lol:

[youtube]http://www.youtube.com/watch?v=XFqPn55_rNQ[/youtube]
btw the 'arab' station al jazeera is another zionist tool
odbo
Veteran Poster
 
Posts: 2171
Joined: January 6th, 2011, 2:40 pm

Postby Boner_Jones » February 12th, 2011, 5:55 pm

Wow that guy was harsh.... but sometimes ragging on your people is good when you know your own people suck in some ways.... maybe if there were more guys like him in America where everyone whines and protests everytime they get "offended" our society wouldnt be so politically correct. Are you saying Israel controls the arab tv station?

I forgot Yemen was on the list.. it was near the bottom like Egypt. I dont think yemen has oil either, does it?

Funny... asian countries (japan, Korea) don't have oil but they're modern and developed.

Egypt gets 1.5B dollars from us every year, second highest in the world and they are not wealthy. If youre a leader of your country for 30 years and your economy sucks what good are you? I'm glad the egyptians kicked out their president

I just had a thought... I was watching the crowds in egypt on tv and... can you imagine if the same thing happened in America? Cause I know people here are angry and... i don't know, I don't think it's impossible given how bad things are, how unhappy and miserable everyone seems to be... everyones talking about "oh egypt should be a democracy" and "now they can have free elections just like us" but... we're a democracy and we have free elections but... everything seems so shitty... maybe the tipping point is just up ahead?
Last edited by Boner_Jones on February 12th, 2011, 6:04 pm, edited 1 time in total.
Boner_Jones
Freshman Poster
 
Posts: 140
Joined: May 10th, 2009, 1:25 am

Postby Rock » February 12th, 2011, 6:04 pm

Boner_Jones wrote:Wow that guy was harsh.... but sometimes ragging on your people is good when you know your own people suck in some ways.... maybe if there were more guys like him in America where everyone whines and protests everytime they get "offended" our society wouldnt be so politically correct. Are you saying Israel controls the arab tv station?

I forgot Yemen was on the list.. it was near the bottom like Egypt. I dont think yemen has oil either, does it?

Funny... asian countries (japan, Korea) don't have oil but they're modern and developed.

Egypt gets 1.5B dollars from us every year, second highest in the world and they are not wealthy. If youre a leader of your country for 30 years and your economy sucks what good are you? I'm glad the egyptians kicked out their president


Regarding developed Asia, they used gov supported export model and accumulated wealth over time. As I mentioned in earlier post, abundant oil can hinder rest of economy. Consider Norway vs. Sweden.

Mubarak may have accumulated more wealth than Bill Gates thanks ultimately to US taxpayer. Democracy is OK for countries we like. Otherwise, we prefer strongmen who oppress the local people.

As I've said before, the Internet (and social networking) can make for dramatic change to a country and its culture. Over half the population in Egypt is under 25. US is losing control of Arab world.
Rock
Elite Upper Class Poster
 
Posts: 4225
Joined: April 21st, 2010, 5:16 pm

Postby ladislav » February 12th, 2011, 9:11 pm

As most countries in the " South" the people do not have the advantage of millennia of harsh climate to create iron discipline and propel the technology. They also did not have the Renaissance or the Reformation. They are not inferior intellectually but are too mired in tradition and self satisfaction. They think they know everything and are always right. This is bringing their downfall.
America is following down the same path. All knowing, always right.
A brain is a terrible thing to wash!
ladislav
Elite Upper Class Poster
 
Posts: 3606
Joined: September 6th, 2007, 7:30 pm

Postby momopi » February 13th, 2011, 5:07 pm

momopi
Elite Upper Class Poster
 
Posts: 4747
Joined: September 1st, 2007, 5:44 am
Location: Orange County, California

Re: Can't Arab countries become wealthy without oil?

Postby Boner_Jones » February 16th, 2011, 3:15 am

Rock wrote:
Boner_Jones wrote:I was watching tv tonight... and on the news they showed these figures about per capita GDP.

Kuwait is highest at $43,000.

Then Saudi Arabia... $17,000.

But they've got oil.

Egypt doesn't have oil... and was near the bottom... $2200. Even when they get $1.5 billion from us every year!

Do Arabs have anything else going for them besides oil?


Having a big amount of a valuable commodity like oil is a detriment to the rest of a country's economy because it puts extreme appreciation pressure on local currency which boosts imports and destroys export competitiveness. It becomes a vicious cycle. To learn more about this concept, read about Dutch disease.

But that can still be OK for the general population of a country if 2 conditions are met:

1. The country tends towards socialism (ie oil wealth is shared fairly evenly).

2. There is enough oil wealth and income generate relative to the population (per head) so that the industrial and service sectors is not so important (icing on the cake).



yeah but Egypt doesn't have oil... or yemen... so couldn't they be like the developed Asian countries?
Boner_Jones
Freshman Poster
 
Posts: 140
Joined: May 10th, 2009, 1:25 am

Postby Adama » February 16th, 2011, 4:58 am

LinuxOnly wrote:Don't get too caught up in GDP. In European history, wealthy nations only became wealthy because wealthy families moved there. It has nothing to do with the people. I think the wealthiest average citizen is in Qatar now. As for Saudi Arabia, the scum who run that country are complete puppets of US & Israel and I'm sure they enjoy the usual.. paedophilia & child sacrifice. Holding Arabs back is a necessary part of the plan. Stupid arabs will be one of the justifications for WWIII where Israel will come out as the dominant nation on earth, at least that's what the plan has always been.

btw the 'arab' station al jazeera is another zionist tool


Yep.
User avatar
Adama
Elite Upper Class Poster
 
Posts: 5342
Joined: August 23rd, 2009, 10:37 pm

Re: Can't Arab countries become wealthy without oil?

Postby Adama » February 16th, 2011, 5:00 am

Boner_Jones wrote:I was watching tv tonight... and on the news they showed these figures about per capita GDP.

Kuwait is highest at $43,000.

Then Saudi Arabia... $17,000.

But they've got oil.

Egypt doesn't have oil... and was near the bottom... $2200. Even when they get $1.5 billion from us every year!

Do Arabs have anything else going for them besides oil?


How is GDP per capita calculated? Is there a median income available anywhere? Cause if 2 citizens make $1 Billion a year while the rest make $1.00 a year, will that skew the per capita results? I think it would.


Make the calculations. For the United States: $14,330,000,000,000 divided by 304,500,000 [people] equals $47,060. For Pakistan: $160,900,000,000 divided by 172,800,000 equals $931. This comparison reveals that the real GDP per capita of the United States is 50.5 times that of Pakistan.
http://www.ehow.com/how_5139900_calcula ... apita.html

So the GDP per capita doesn't tell you much about what the average citizen makes cause the extremely rich (the outliers) will skew the results. Perhaps median income would be a better indicator.
User avatar
Adama
Elite Upper Class Poster
 
Posts: 5342
Joined: August 23rd, 2009, 10:37 pm


Return to Questions and Advice

Who is online

Users browsing this forum: No registered users and 2 guests