The Arab Economies in a Changing World / Edition 1

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The tragic events of September 11 and the subsequent war in Iraq have focused international attention on a nexus of problems involving economic underperformance, problematic internal politics, and the externalization of domestic dissent in the Muslim world. This book examines the economics of the Middle East, with the aim of identifying changes to economic policy that could address at least the economic component of the challenges facing this part of the globe. The authors analyze the interaction of trade, productivity growth, and the political diffi culties that may ensue as these countries move towards greater openness. Relevant comparisons are drawn from the experience of the transition economies and India on potentially successful policies and those likely to exacerbate existing problems.
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Product Details

  • ISBN-13: 9780881323931
  • Publisher: Peterson Institute for International Economics
  • Publication date: 4/28/2007
  • Edition description: Older Edition
  • Edition number: 1
  • Pages: 285
  • Product dimensions: 6.13 (w) x 8.89 (h) x 0.72 (d)

Table of Contents

1 Introduction
• 1.1 Introduction
• 1.2 Comparative Perspective
• 1.3 Is There a Crisis?

2 Growth, Productivity, and Welfare
• 2.1 Introduction
• 2.2 Identifying the Comparators
• 2.3 Relative International Performance
• 2.4 Domestic Growth Over Time
• 2.5 Investment and Growth
• 2.6 Sources of Differences in Growth Rates
• 2.7 Welfare

3 Dimensions of the Challenge
• 3.1 What are the Perceived Problems?
• 3.2 Demographic Changes
• 3.3 Employment Generation and Productivity Growth
• 3.4 Financial Market Development
• 3.5 International Trade Performance
• 3.6 Oil Rents, Aid, and Remittances
• 3.7 Conclusions

4 Obstacles to, and Enablers, of Development

• 4.1 Institutions and the Influence of Islam
• 4.2 Evolving Understanding of Development Policy
• 4.3 Policies and their Effects
• 4.4 An Alternate View of the Determin nants of Productivity Growth
• 4.5 Other Factors affecting Productivity growth

5 Policy Levers and Constraints
• 5.1 Internal Constraints to Reform
• 5.2 The External Policy Dimension
• 5.3 The Role of preferential agreements

6 Credibility, Risk, and Supply Response
• 6.1 Domestic entrepreneurship
• 6.2 Reversing the Brain Drain
• 6.3 The Role of Foreign Investment
• 6.4 Affinity, Democracy, and Risk
• 6.5 The Political Economy of Reform
• 6.6 Conclusions

7 Special Development Situations
• 7.1 West Bank-Gaza
• 7.2 Iraq

8 Conclusions

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