October 15, 2006

WHY DO THEY HATE?:

Oil bonanza boosts Arab gross domestic product above $1 trillion for first time ever (Bassem Mroue, October 15, 2006, ASSOCIATED PRESS)

A sharp rise in oil prices has led the gross domestic product of Arab states last year to increase to more than $1 trillion for the first time, the chairman of a pan-Arab economic council said Sunday.

The GDP of the 22-member Arab League countries reached $1.05 trillion at the end of 2005, a $180 billion increase from the previous year, said Ahmed Gweili, chairman of the Arab Economic Unity Council.


A population of roughly 280 million Arabs would be close to our own population of 300 million, yet they've one twelfth of our GDP. And the only way they'll fix it is to become more like us.

Posted by Orrin Judd at October 15, 2006 5:51 PM
Comments

What really hurts is if it weren't for the Allah-given resource of oil, the Arab states' GDP might be closer to a billion rather than a trillion.

Posted by: John Ziemba at October 15, 2006 7:16 PM

Vice versa. The oil has been an economic retardant and encouraged the colonialism and Realism that have done so much harm.

Posted by: oj at October 15, 2006 8:51 PM

Or us to become more like them....

Or take it from us as their religion specifies.

Posted by: Sandy P at October 15, 2006 11:31 PM

All those many thousands of US educated Arabs were supposed to do the fixing. Unfortunately, those that returned, and those that didn't, end up working for a Prince's family, or a Sheikdom and they're ok with things as they are.

Posted by: Tom Wall at October 16, 2006 2:15 AM

Sandy:

We're still waiting to go communist.

Posted by: oj at October 16, 2006 8:27 AM

Oderint, dum metuant.

Posted by: Lou Gots at October 16, 2006 6:34 PM

They aren't the ones who fear.

Posted by: oj at October 16, 2006 7:25 PM
« HOW ABOUT GRENADA INSTEAD: | Main | JOEMENTUM: »