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\nWhy The Gulf States Need To Keep Building Big Dumb Mega Projects | Economics Explained\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nSaudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km skyscraper called...\nSaudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km skyscraper called The Line. Why are these countries spending so much on mega projects and does it make any economic sense?

0:00 - 2:33 Intro
2:34 - 3:23 Trends
3:24 - 6:06 Dutch disease
6:07 - 10:25 Rybezynski's theorem
10:26 - 11:49 Dependence on oil
11:50 - 12:48 Norway example
12:49 - 13:50 Sovereign wealth funds
13:51 - 16:10 Mega projects
16:11 - 17:19 Tourism
17:20 Attracting businesses\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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21:45
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2022
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, saudi arabia, consumer goods, industry, currency, tourism
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economics explained, saudi arabia line city, neom city saudi arabia, neom the line, megaprojects, uae, qatar, longer demanded, dutch disease, catchy title, opportunity costs, discovered oil, average score, gulf states, oil industry, traditional industries, oil wealth, impressive projects, neon project, oil runs, oil production, valuable currency, cheap labour, produce oil, industries, airlines, goods, projects, bring, runs, services, limitations
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Classroom Considerations

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Best For: Explaining a topic
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