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Abstract Diversifying oil economies toward manufacturing and more sophisticated products and services is one of the most pressing public policy challenges facing these countries. This paper provides new evidence about the impact of oil rents and real exchange rate undervaluation on various measures of exports, using a global sample spanning 1980-2011. Our results suggest tha
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The Kurds may be leveraging recent arms agreements to achieve a more direct security relationship with Western powers on the road toward de facto autonomy. When US defence officials want to give a compliment to a junior military partner they will often use the phrase "Little Sparta", referring to the ancient Greek city state revered for its small but potent army. Most recently
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Crude from Bai Hassan and Avana dome, fields formerly operated by federal authorities, is now flowing by pipeline to Turkey for KRG export. ERBIL - Iraq's autonomous Kurdistan Regional Government (KRG) is now exporting oil from fields it recently seized from federal authorities - a step that takes Kurdistan much closer to economic independence and farther away from political r
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There's a standoff happening between the old oil powers and the booming US shale industry, as the OPEC oil cartel is thought to be pushing down prices to drive new production offline. But the investment bank Citi says it's not a fight that OPEC leader Saudi Arabia is going to win. Although no one is sure what is causing the plunge in oil prices from above $105 a barrel this s
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