Answer :
The conclusion that can be made on the discovery of the oil on the Arabian Peninsula as resource curse because countries with an abundance of natural resources tend to have less economic growth.
What is the history of the discovery of oil on the Arabian Peninsula?
Oil was discovered in the Arabian Peninsula as early as 1908, but the region was not seriously considered as a potential source of hydrocarbons until a 1932 oil discovery in adjacent Bahrain. On March 4, 1938, the first important Saudi Arabian finding was made at Dam mam well no. 7.
The history of oil discovery and production in the Middle East exemplifies the "resource curse": countries with an abundance of natural resources, particularly nonrenewable resources such as oil, have lower economic growth, less democracy, and poorer development outcomes than countries with fewer natural resources.
Therefore, it can be concluded that discovery of the oil on the Arabian Peninsula acts as flaw.
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Answer:
I can conclude that oil was the foundation for everything, they would most likely be a poorer country if they did not find these oil fields the discovery was most likely a hope for them to be rich and paid off very much.
Explanation:
my teacher gave me an 100% on this but it just depends on your teacher.
