Parts
of Yemen were ruled by Britain. But on this date in 1963, the Yemeni
fought against the British and eventually won their independence.Being independent isn't easy. Even though the nation of Yemen is fairly small (smaller than the state of Texas), it divided into North and South Yemen, and later reunited, and then split again; theocratic governments were followed by a Communist government, and last year a citizens' revolt attempted to put in place more democratic governmental structures.
Yemen
is considered one of the poorest Arab nations. This is surprising to
me, because it seems it would control southern access to the Red Sea.
The nation's strategic position paid off a long time ago: it was
rich, based on the spice trade and trading frankincense
and myrrh.
So
why is Yemen poorer than its neighbors, nowadays? You
may have guessed that Yemen has little oil—and you'd be right!
Even
though Yemen's oil reserves are small, its economy depends heavily on
this oil production, and the government depends on oil taxes.
But,
guess what? Those oil reserves are expected to run out in about five
years. And this will cause one of the poorest Arab countries to
become a whole lot poorer!
Also
on this date:
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