In partnership with the Norman Paterson School of International Affairs at Carleton University, the Centre for International Governance Innovation (CIGI) is pleased to host an exclusive presentation and roundtable with Dr. Ibrahim Elbadawi entitled The New Oil Order and Implications for Arab Countries.
Recent years have seen a profound change in global fossil fuel production and oil prices. Tapping into vast reserves of shale oil has once again made the United States a leading petroleum producer. This new source of supply and the related drop in global oil prices are having a profound impact on the oil-exporting countries of the Middle East and North Africa. The future for sustainable development in these countries has become much less certain, leading to a rise in political and social tensions. How will governments in the region respond to these challenges of the “New Oil Order”?
A widely-respected expert in macroeconomic and development policy, Dr. Ibrahim Elbadawi currently serves as Managing Director of the Economic Research Forum, a research network dedicated to studying sustainable economic development in the Middle East and North Africa. Drawing on his extensive experience working with policymakers and scholars in the region, Dr. Elbadawi will offer his thoughts and prescriptions for governments and institutions attempting to manage a jarring new economic reality.