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Article: "How can we reconcile hating free trade and loving technological progress?"

2/14/2017

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"Such then is the human condition, that to wish greatness for one's country is to wish harm to one's neighbors," reflected the French philosopher Voltaire. This adversarial perspective toward foreign relations is alive and well today, as evidenced in the Brexit vote and the U.S. presidential elections. And while anti-free-trade sentiment is mainstream, it's worth reflecting upon how difficult it is to reconcile pro-protectionism with the near-universal love of technological progress.

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Article: "Avoiding a Minimum Wage Cobra Effect"

8/29/2016

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Government regulations vary greatly in their effectiveness. In cases of ones that fail, a common theme is basing regulations on what turn out to be inaccurate models of how people respond to incentives. How can we avoid such errors when thinking about raising the minimum wage?

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Article: "Time for the GCC to leave OPEC"

6/27/2016

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النسخة العربية أدناه

Should the 169th OPEC meeting held earlier this month be its last? The former British Prime Minister Winston Churchill said, “To improve is to change; to be perfect is to change often.” For the Gulf Cooperation Council (GCC) countries, their future oil strategy should be an exclusively GCC affair, away from the stress and dysfunction of OPEC.

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هل ينبغي أن يكون اجتماع أوبك الـ 169، الذي انعقد في بداية شهر يونيو، آخر اجتماع للمنظمة؟ قال وينستون تشرشل، رئيس الوزراء البريطاني الأسبق: "للتحسين ينبغي التغيير؛ وللتفوق ينبغي دوام التغيير"، في الوقت الراهن، ربما يفضَّل لدول مجلس التعاون أن ترسم استراتيجيتها النفطية على أساس خليجي حصرياً، وبعيداً عن توترات وعرقلة أوبك.ـ


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Article: "Stop the Oil Crash Conspiracy Theories: Staggering drop in oil prices is unsexy economics, not sexy geopolitics" ( أوقفوا نظريّات مؤامرات النفط: هبوط سعر النفط أمرٌ اقتصاديٌّ عاديّ

4/11/2016

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النسخة العربية أدناه

Residents of the Middle East are used to attracting the derision of the rest of the globe's inhabitants with their outlandish conspiracy theories. Local governments' tendency to offer limited justifications for their policy decisions inadvertently contributes to cloak-and-dagger speculation about unremarkable phenomena. Since July 2014, in the domain of oil analysis, the conspiracy theory shoe has switched to the other foot. In an attempt to explain the 70 percent decline in oil prices, leading media outlets have taken to publishing analyses awash with bizarre theories about the root cause. Continue

تعوّد سكّان الشرق الأوسط على الاستهزاء بالآخرين؛ بخصوص نظرياتهم حول مؤامرات عجيبة. ويعود حبّهم للتوهّم حول حتى أبسط الأمور – جزئياً - إلى ثقافة تنفيذ السياسات الحكومية في الشرق الأوسط، دون إبداء أيّ تبرير أو تعليق ملحوظ، من الجهات المسؤولة.
ولكن في الفترة ما بعد يوليو 2014 انتقلت ظاهرة حب نظريات المؤامرات- في مجال تحليل أسواق النفط - إلى بقية دول العالم؛ حيث إنّ وكالات الأنباء العالمية - في محاولتها لتحليل وتفسير هبوط سعر النفط، بما يزيد عن 70% - نشرت نظريات عجيبة، غريبة، عن الأسباب الحقيقية لما جرى.ـ


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    Omar Al-Ubaydli

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Omar Al-Ubaydli
Bahrain Center for Strategic, International and Energy Studies
PO Box 496, Manama
Kingdom of Bahrain
Email: [email protected]
Tel: +973-17-752-742
Fax: +973-17-754-835
Twitter: @omareconomics
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