Alternative Energy as a New Factor of Economic Growth in the MENA
Борисов Михаил ГлебовичВосточная аналитика '2018, №1-2, с.134-141
The Middle East and North Africa are not only the largest “custodian” of
primary energy resources, but also their largest “energy sinker”. The extremely high
energy intensity of regional GDP is a consequence of subsidizing energy which is part
of the “social contract”. Excessive energy spending reduce the export potential of
many countries and slows GDP growth. The way out of this situation is the accelerated
development of alternative energy.