Description
Arab economies face the challenge of finding work for its large cohort of young people before the youth turn to domestic or foreign terrorism and thus jeopardize the region's competitiveness in the global market, say Noland, a fellow with the Institute, and Pack (economics, U. of Pennsylvania). They argue that the problems can be largely comprehended in conventional economic terms, but that particular social and political sensitivities present policy makers with unusually complex challenges in terms of devising and implementing solutions. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
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"Compared to other regions of the world, the Middle East was once unique in its combination of authoritarianism and stultifying stability: No longer. Beginning in Tunisia, a wave of political upheaval has rolled across the region, reaching Egypt, Bahrain, Libya, and other countries caught between rising expectations and their antediluvian political systems, abetted by pan-Arab news channels and social networking media. 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 difficulties 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. This new second edition contains a new introductionfrom Mohamed A. El-Erian and a new postscript"--Provided by publisher.
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