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This book identifies the differences in growth and development, and
the various factors lying behind them, across both Middle East and
North African (MENA) and East Asian countries over the 1960-2020
period. It considers a very wide range of factors, compares initial
situations, institutions, and government policies, the dynamic
responses to changing circumstances, and discusses the inability of
the governments of the MENA region to achieve not only political
reform, but also the kinds of economic reform that would allow
their citizens to prosper in an increasingly globalized world. The
book focuses on Tunisia. Since its independence in 1956 until 2010,
Tunisia had considerable success relative to many other MENA
countries, but was somewhat less successful relative to East Asian
countries. Since 2010, however, while transitioning away from
autocracy to democracy, it has been in rather serious economic
decline. The book highlights how both the factors identified as
enabling Tunisia's initial success and those leading to its
subsequent decline can provide many useful insights for improving
the management of economic development across the whole MENA region
and perhaps also to developing countries throughout the world.
The recent globalization trends have revived a long-standing
interest in regional integration in the countries of the Middle
East and North Africa (MENA). Despite numerous attempts to
encourage economic integration in MENA in the past few decades,
there is broad consensus that progress has been painstakingly slow
and the record of economic integration in the MENA region largely
beset by failure.
This book examines the impact of recent changes in the world
economy on trade policy within the MENA region and its economic
relations with the rest of the world. It considers regional
integration and prospects for trade blocs; trade liberalization and
economic restructuring; resource endowments and employment trends;
and changes in economic boundaries, especially as a result of
labour migration and regional conflicts.
Contents: Introduction Part I: Past Trends and Future Prospects for Growth 1. Dipak Dasgupta, Jennifer Keller and T. G. Srinivasan Reform and Elusive Growth in the Middle East - What Has Happened in the 1990s? Part II: Integration Patterns, Trade Blocs and Regional Policy 2. Rania Miniesy, Jeffrey B. Nugent and Tarik M Yousef Globalize or Regionalize: How has MENA Performed? 3. Mustapha Nabli and Marie-Ange Veganzones Exchange Rate Regime and Competitiveness of Manufactured Exports: The Case of MENA Countries 4. Ghazi Ben-Ahmad and Ali Bayar The New WTO Trade Agenda, The Euro-Med Agreements and the Cap Reform: Implications for the Agricultural Trade of the MENA Region Part III: Trade and Restructuring: Lessons and Outcomes 5. Sofiane Ghali and Pierre Mohnen Restructuring and Economic Performance: The Experience of the Tunisian Economy 6. Zelal Kotan and Serdar Sayan A Comparative Investigation of the Price Competitiveness of Turkish and South East Asian Exports in the European Union Market: 1990-1997 7. Zine Barka Economic Liberalisation and Trade Policy Reforms in Algeria 8. Behrouz Hady Zonooz Trade Strategy and Industrial Development in Iran during the 1979-1998 Period Part IV: Resource Endowments, Factor Markets and Employment Issues 9. Jacques Charmes Trends in Informal Sector Employment in the Arab World and Middle East 10. Malika Martini, Elizabeth Bailey, Gwyn E. Jones and Patricia Goldey Female Labour Supply and Employment Patterns: The Organisation of Labour in Farm Production in Northwest Syria 11. Tony Allan and Hassan Hakimian Watersheds and Problemsheds: Solving MENA Water Scarcity in The Global Trading System Part V: Economic Boundaries in Flux 12. Karen Preifer How Conflict Shifts Economic Boundaries in the Arab World: Case Study from Kuwait 13. Leila Farsakh Palestinian Labour Mobility and the Redefinition of Economic Boundaries between Israel and the West Bank and Gaza Strip 14. Subidey Togan Turkey After Helsinki: Economic Challenges 15. Numan Kanafani Trade - A Catalyst for Peace?
After the oil discoveries of the early 1930s, Bahrain rapidly
became an oil exporting country with a relatively high income per
capita. More recently Bahrain has succeeded in diversifying its oil
dominated economy by developing regional banking and other
services, and a variety of light and heavy industries. Various
circumstances have combined to make Bahrain a leader among the Arab
Gulf States in the transformation of traditional Arabic tribal
societies into modern social and economic structures. This book,
first published in 1985, in exploring the past, present and
possible futures of Bahrain and the Gulf, attempts to describe the
nature of this transformation. It estimates to what extent Bahrain
has merely an outward appearance of modernity, and explores the
conflicts between the compelling power of modern values and the
pervasive traditional religions. Bahrain is not typical of the Arab
countries of the Gulf; it may, however, serve as a gauge of their
current position and likely future. It will therefore be valuable
to those interested in gaining more insight into the history and
politics of the Middle East during this period of rapid change.
After the oil discoveries of the early 1930s, Bahrain rapidly
became an oil exporting country with a relatively high income per
capita. More recently Bahrain has succeeded in diversifying its oil
dominated economy by developing regional banking and other
services, and a variety of light and heavy industries. Various
circumstances have combined to make Bahrain a leader among the Arab
Gulf States in the transformation of traditional Arabic tribal
societies into modern social and economic structures. This book,
first published in 1985, in exploring the past, present and
possible futures of Bahrain and the Gulf, attempts to describe the
nature of this transformation. It estimates to what extent Bahrain
has merely an outward appearance of modernity, and explores the
conflicts between the compelling power of modern values and the
pervasive traditional religions. Bahrain is not typical of the Arab
countries of the Gulf; it may, however, serve as a gauge of their
current position and likely future. It will therefore be valuable
to those interested in gaining more insight into the history and
politics of the Middle East during this period of rapid change.
This book is about the Middle East and North Africa (MENA) region.
This region is generally perceived as having experienced the most
disappointing growth performance over the last couple of decades of
any region in the world with the possible exception of Sub-Sahara
Africa. Despite the regions immense endowment of natural resources,
its per capita income is often viewed as having stagnated. At the
same time, most economies of the region have been characterized by
extremely high volatility, a condition only partly attributable to
the fluctuating price of oil.
*MENA region has not been as comprehensively covered as other
regions of the world (i.e., Latin America, East Asia, South Asia
and Sub-Sahara Africa)
*The prominence of the MENA region in the global energy markets and
the world political system makes this a necessary read
*Topics of interest are wide ranging and diverse, ranging from
dictatorships, civil wars, terrorism and water shortages, to more
economic problems arising from volatile oil prices, barriers to
trade and foreign investment, dominance of public enterprises, and
low skill work forces
Fulfilling the Export Potential of Small and Medium Firms addresses
the question, 'How can economic policy contribute to a strong
export performance by small and medium enterprises (SMEs) in
developing countries?' In today's increasingly integrated world
economy, such a performance can make a significant difference to
the growth, employment creation and income distribution of many
developing countries. The study uses information from specifically
designed surveys of SME exporters in Japan, Indonesia, Korea and
Colombia, together with a range of evidence from other sources, to
ascertain what types of support within the areas of technology,
marketing and finance are most useful to SME exporters and how such
support can best be provided to them. The quality of the support
systems is found to vary widely among the four countries. Finally,
a number of policy conclusions are put forward.
Fulfilling the Export Potential of Small and Medium Firms addresses
the question, How can economic policy contribute to a strong export
performance by small and medium enterprises (SMEs) in developing
countries?' In today's increasingly integrated world economy, such
a performance can make a significant difference to the growth,
employment creation and income distribution of many developing
countries. The study uses information from specifically designed
surveys of SME exporters in Japan, Indonesia, Korea and Colombia,
together with a range of evidence from other sources, to ascertain
what types of support within the areas of technology, marketing and
finance are most useful to SME exporters and how such support can
best be provided to them. The quality of the support systems is
found to vary widely among the four countries. Finally, a number of
policy conclusions are put forward.
For over eighty years the Arab region has been deriving massive
wealth from its natural resources. Nevertheless, its economic
performance has been at the mercy of ebbs and flows of oil prices
and its resources have been slowly depleting. The two critical
questions are why and how Arab countries might escape the oil
curse. Institutions and Macroeconomic Policies in Resource-Rich
Arab Economies focuses on the unique features of the Arab world to
explain the disappointing outcomes of macroeconomic policy. It
explores the interaction between oil and institutions to draw
policy recommendations on how Arab countries can best exploit their
oil revenues to avoid the resource curse. Case studies and
contributions from experts provide an understanding of
macroeconomic institutions (including their underlying rules,
procedures and institutional arrangements) in oil-rich Arab
economies and of their political economy environment, which has
largely been overlooked in previous research. Institutions and
Macroeconomic Policies in Resource-Rich Arab Economies offers novel
macroeconomic policy propositions for exchange rate regimes, fiscal
policy and oil wealth distribution that is more consistent with
macroeconomic stability and fiscal sustainability. These policy
reforms, if implemented successfully, could go a long way in
helping the resource-rich countries of the Arab region and
elsewhere to avoid the oil curse.
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