Saudi Arabia has a GDP per capita of only 20k. It's PPP is high but since the country trade a lot this means GDP is more significant. Saudi Arabia economy is undeveloped except for the petroleum sector. That country is basically a time bomb. It has squandered the capital from the oil boom. Saudi Arabia has a very weak economy actually.Are there any particular countries you have in mind? I mean UAE and Saudi Arabia are not exactly poor countries.
Only that it's plenty of poor people living in a rich country …Are there any particular countries you have in mind? I mean UAE and Saudi Arabia are not exactly poor countries.
comparing GDP per capita without PPP does'nt make sense. If you really want to look at how well off people are in a region you need to take into account how much they pay for stuff too.Saudi Arabia has a GDP per capita of only 20k. It's PPP is high but since the country trade a lot this means GDP is more significant. Saudi Arabia economy is undeveloped except for the petroleum sector. That country is basically a time bomb. It has squandered the capital from the oil boom. Saudi Arabia has a very weak economy actually.
The only thing keeping that country from becoming like Yemen is that it has a resource rich countries want.
They tried to become less religious and ritualistic during the 20th century and it was an utter failure, their countries didn't became more prosperous because of it.They probably have to become more pragmatic and less religious and ritualistic. Travelers to Saudi Arabia have reported on how the five prayers per day really disrupt business life, because the business must close for 30 minutes to an hour each prayer as workers go to pray and then go back. Sharia law also bars interest-bearing loans. They do find workarounds, but it is still a hinderance. They basically need to become more like the Chinese.
But the thing is, the most religious observant and the most sharia-law abiding nations in the Middle East - KSA, EAU, Qatar, Iran - seem to be among the most prosperous and the most stable, both politically, economically and socially. Whereas the ones that had the most secularist regimes seem to be embroiled on revolutions, civil wars, stagnated economies, etc, etc.Secularism that was attempted made so many compromises and faced hostility from all sides and had uneven leadership. No surprise it 'failed' though I can't see how Islamism has succeeded, if anything its worse now than in the 1950s in many places.
But we see a curious trend in the Middle East - the more educated a population is, the more they tend to support Islamism... This is a more complex issue besides education....Education and relaxing of some traditions seem the only way forward. Alot of what is custom isn't strictly from the Quran or even Hadith or found in words of the Sahaba.
Still even if education at a high level started immediately its already too late for 2 or 3 generations. Many countries have nearly 70% of their population under the age of 30 and most of those still have women bearing nearly 3 children each which means population growth is unlikely to slow hugely which is particularly sensitive because most of this region is relatively resource poor. Wars and migrations seem sure to continue for the next 30-50 years which doesn't bode well for stable economies though there are spots of relative stability.