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Dry Aquifers in Arab Countries and the Looming Food Crisis
September 2008
As water volumes in Arab lands dwindle, as per capita income in the large and heavily populated non-oil producing states remains low and narrowly diversified, as high population growth rates persist, a food disaster will sooner or later strike. These countries will have neither the water to grow the food they need, nor the exports to earn the foreign currencies to import the food they require. This article recommends that the affected economies should grow and diversify. To that end, scarce economic resources should be allocated according to rate of return criterion and population growth rates cut substantially. Also, Arab oil exporters should create a giant “peace fund” to provide their poor neighbors with grants to help them grow and diversify their economies in order to escape poverty.
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