Economic Development In The Middle East / Edition 1

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Economic Development in the Middle East examines the economic indicators of the Middle East which, despite its oil resources, is falling behind other regions of the developing world, notably the countries of South East Asia. Rodney Wilson considers the economic consequences of rapid population gropwth, the absence of significant private capital inflows and foreign investment, fragmentation in the banking system and insignificant bond markets. Economic Development in the Middle East also examines the basic infrastructure, excessive military expenditures, trade, falling oil prices, and deficits.

Wilson stresses that both the goals of development and the methods used to promote development have to be reassessed for a region where Islamic value system prevails. Ultimately, development values which respect Muslim values may have a greater chance of sucess than those simply imported from the West.

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Product Details

  • ISBN-13: 9780415125536
  • Publisher: Taylor & Francis
  • Publication date: 7/16/2005
  • Series: Routledge Studies in Development Economics Series
  • Edition description: Older Edition
  • Edition number: 1
  • Pages: 232
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.63 (d)

Table of Contents

List of figures
1 Introduction 1
2 Models of Middle East Economic Development 13
3 Growth and Structural Change 26
4 Population Growth and Employment 50
5 Capital Markets, Savings and Investment 76
6 An Islamic Model for Economic Development 99
7 Oil and Development 122
8 International and Intra-Regional Trade 146
9 The Role of the State 176
Notes 202
Bibliographic Sources 212
Index 215
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