concept   oil-rich countries
8 commonsense assertions
Cultures (8) • Qatar (1) • oil industry (1) • Latin America (1) • North America (1) • South Asia (1) • Sub-Saharan Africa (1) • Switzerland (1) • economic development experts (1)
# Concept Culture Statement Freq.
1 oil-rich countries Qatar Oil-rich countries like Qatar have a high standard of living, diverse workforce, and extensive social welfare programs due to their oil wealth. 6
2 oil-rich countries oil industry Oil-rich countries derive economic wealth and political power from the petroleum industry. 6
3 oil-rich countries Latin America Economic fluctuations in oil-rich Latin American countries are heavily tied to global oil prices. 1
4 oil-rich countries North America Oil-rich countries in North America hold major economic and political power due to their oil reserves. 1
5 oil-rich countries South Asia Oil-rich countries in South Asia often face corruption and political instability due to their oil revenues. 1
6 oil-rich countries Sub-Saharan Africa Oil-rich countries in Sub-Saharan Africa often experience corruption and political instability as a result of their oil revenues. 1
7 oil-rich countries Switzerland Switzerland values renewable energy and has a low environmental impact despite being oil-rich. 1
8 oil-rich countries economic development experts Economic development experts warn that heavy reliance on oil exports can create economic volatility for oil-rich countries, posing challenges for long-term development. 1