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The Economics of the Middle East - A Comparative Approach (Paperback)
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The Economics of the Middle East - A Comparative Approach (Paperback)
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Countries in the Middle East have very different economies, even if
they are often grouped together. In The Economics of the Middle
East, James Rauch focuses on the drivers of their distinctiveness,
including the effects of their natural endowments, geographic
locations, and interactions with the global economy. This book
evaluates the socioeconomic trajectories of three groups of Middle
Eastern States: Sub-Saharan African, fuel-endowed, and
"Mediterranean." It compares these groups both to each other and to
developing countries in other regions with similar characteristics.
Rauch draws on basic approaches to economic development to enhance
understanding of important issues, such how policies on gender,
education, health, and the environment affect development. His
comparative perspective sheds light on how and why the Arab
countries, Iran, and Turkey have done better or worse than similar
countries in other regions. His analysis throughout is supported by
data that are well organized and clearly presented. Rauch develops
new insights on topics as diverse as unemployment, urbanization,
corruption, and the importance of intraregional flows of investment
and migrants. The result is a fascinating and balanced overview of
the socioeconomic performance of the Arab countries, Iran, and
Turkey that presents a new lens on the economics of the Middle
East.
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