The three-humped camel focuses on the growth in the six Gulf states—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. If we had thought humour was the way to go, a whole caravan of camel jokes would have been possible: camels with money-bags as humps, camels spouting oil, party camels with streamers and silly hats. However the story is about politics as well as growth—and it is not altogether a happy one. Amid wars and uprisings, a million people have died violently in the Middle East. America has cut its military presence there, leaving old allies, including the Gulf states, fearful of a security vacuum filled by Iran and its proxies. The Gulf states are autocracies facing a long-run decline in world demand for fossil fuels, even as they suffer from lower rainfall and higher temperatures because of climate change. Aladdin’s wish-granting lamp reflects this by neatly combining energy with aspiration. It poses the question of how the Gulf countries will choose to take advantage of their bonanza to deal with their threats. |
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