Missed opportunities

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:

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.

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