Crude oil prices break $100 a barrel amid Libya unrest
Article | Crude oil prices break through the $100-a-barrel mark, and gasoline prices climb, as violence continues to rock Libya and unsettle oil markets.
Despite oil wealth, Arab economies lack traction
Article | Amid a massive shift in the politics of the Arab world, the countries of the region are now confronting an economic challenge that is just as steep: how to engage with a global economy that in many ways has passed them by.
Graphic | Over the past three decades, the economies of oil-rich Arab nations such as Saudi Arabia have largely stagnated as rulers used their regional wealth to prop up unelected governments and subsidize public benefits. In contrast, growth has surged in many other emerging economies elsewhere, as governments developed industries that could compete in the global market:
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