Geog. 120 Notes 5

Geog. 120 Notes 5 - Economic and Social Development o The...

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Economic and Social Development o The Geography of Fossil Fuels Oil unevenly distributed in the area o Saudi Arabia, Iran, U.A.E., Libya, Algeria contribute significantly to oil production, while Morocco and Sudan have few developed petroleum reserves o This region has 7% of the world’s population; holds 69% of the world’s proven petroleum reserves Higher-Income Oil Exporters o Saudi Arabia, Kuwait, Qatar, Bahrain, U.A.E. o Cultural landscape reshaped because of oil wealth o Not all benefit, e.g., rural Shiite Muslims and foreign workers Lower-Income Oil Exporters o Algeria: oil and natural gas are its top exports; but political instability remains a problem o Iran: has huge oil reserves, but long war with Iraq (1980-90), and withdrawal from world trade under fundamentalist government have lowered living standards o Iraq struggling to develop oil industry Prospering Without Oil o Israel has highest living standard in the region o Turkey has a diversified economy; has seen growth
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This note was uploaded on 05/23/2011 for the course GEOG 120 taught by Professor Whitmore during the Spring '08 term at UNC.

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Geog. 120 Notes 5 - Economic and Social Development o The...

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