The Middle East Institute is proud to host MEI scholar Dr. Charles Schmitz for a discussion of his recent MEI policy paper entitled "Crisis in the Yemeni Economy: A Troubled Transition to Post-Hydrocarbon Growth." Yemen has embarked on the arduous road to political reconciliation, but the economy remains a major challenge that contributes to all of Yemen's crises. Professor Schmitz will examine the economic issues facing the new government and the possible outlines of the economy in the post-hydrocarbon era. While Yemen's scarce natural resources do present some challenges for the medium term future, labor is the source of wealth and Yemeni labor is well known for its industriousness. The major task facing Yemen's economy in the medium term is building legitimate institutions that can release the energy of Yemeni labor for long term growth.