The Middle East and North Africa (MENA) is a large, complex, and
diverse region, which faces a wide range of economic issues. The
MENA group includes Algeria, Bahrain, Cyprus, Djibouti, Egypt,
Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman,
Qatar, Saudi Arabia, Syria, Tunisia, Turkey, United Arab Emirates,
and Yemen. This book uses analytical tools drawn from the trade,
labor, finance, and development literature to critically analyze
and compare these countries' economic policies.The approach taken
in this book is to focus on the economic policies and institutional
arrangements which have evolved in MENA and which may serve to
explain the differences in each country's economic performance. The
key objective of the book is to unravel the context-specific
variety of growth-promoting policies within MENA rather than focus
on specific countries.This book stresses that the poor performance
of Arab MENA can be chiefly explained by their aversion to a
Western paradigm of market economics. In the advanced industrial
countries and in Israel, "globalization" is largely viewed in
economic terms - the free movement of goods, services, labor and
capital across borders. In the Arab MENA, however, "globalization"
is viewed in largely ideological terms and has been regarded as a
new version of imperialism. Consequently, the Arab MENA region
remains one of the most un-globalized regions in the world.The book
serves as both a textbook and a summary of the very large
literature on MENA. It examines the following economic realities of
the region and compares them across the MENA economies:
General
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