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OIL BOOM

An oil boom is a period of large inflow of income as a result of high global oil prices or large oil production in an economy. Generally this short period initially brings economic benefits in terms of increased Gross Domestic Product growth but might later lead to a resource curse. INTRODUCTION:  For decades the Middle […]

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HISTORICAL BACKGROUND OF MIDDLE EAST

The Middle East has a unique geographical position. It is an area situated at the junction of Asia, Europe and Africa and has easy approach in these three continents. The term of Middle East is invented by the western to describe the geographical region that lies between Asia and Africa. There are different theories about […]

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