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Oil and Islam: The Economic and Social Issues by Oystein Noreng,

Oil and Islam: The Economic and Social Issues by Oystein Noreng,
During the 1970s promotional products and early 1980s, the Middle East promotional products and North Africa were perceived as being exceptionally successful, but now the region is viewed as a resounding economic promotional products and social failure. Islam is not only a religion, but also a political promotional products and social project. A major pretext of this work is to demonstrate how the tensions within Islamic movements feed directly into the economic, social, political, historical promotional products and religious arena of the region, promotional products and vice versa. An introductory chapter sets the context of the book. The core chapters of the book comprise an in-depth examination of the varied forms of oil revenue abuse. For examples, the past mismanagement of the tremendous wealth provided by oil. Following Islamic beliefs, revenue from oil should not finance wasteful consumption, but used instead for public welfare. Abstaining from interest calculations, there should be a case for keeping more oil in the ground. Indeed, oil has also stifled industrial development, promotional products and with declining oil revenues, the conflict between civilian promotional products and military priorities intensifies. While western interests have promoted arms spending, high population-growth expenditure reinforces the reality of the count-down to the post-oil era upon the Middle Eastern promotional products and North African oil exporters. So far the governments seem unwilling or unable to adapt promotional products and react. Furthermore, in the past oil has been used as a substitute for democracy. While the large oil revenues of the 1970s promotional products and early 1980s strengthened the position of autocratic rulers promotional products and weakened the private sector, repressive regimes have made Islam a source of criticism promotional products and opposition for the Western world. Following on from this, the book then looks forward to theproblem of uniting the divergent interests in the spheres of oil promotional products and Islam into a cohesive whole. The book proposes that ideally Islamic governments would synchronise the depletion of oil reserves with investment in new productive assets.
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