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First Published in 1979 Economic Growth and Development in Jordan is a comprehensive analysis of the economies of pre-1967 Jordan and the post-1967 East Bank. Part I includes statistical data that measures the growth performance of Jordan’s prewar economy and presents the first quantitative explanation of its concentration in the service sector. Part II surveys the postwar East Bank economy, including a critical analysis of statistical data. The third section of the book covers Jordan’s development policies and experiences in the areas of agriculture, industry, and planning. Dr Mazur concludes with speculations on the future of the Jordanian economy with and without a Middle East peace settlement. This is an interesting read for students and researchers of economics, Middle East studies and Middle East economics.
Jordan is one of the most important countries of the Fertile Crescent. Although it is not richly endowed with material resources its political significance in the region gives it considerable authority. This book focuses on the economic development of Jordan over the last decade. It analyses the structural changes the economy has undergone and examines the experience of the key sectors. It also looks at the contribution of foreign aid and emigrant workers’ remittances to the economy. The book concludes that there is a significant potential for the Jordanian economy but the current political and economic problems facing it are daunting. First published in 1987.
Economic growth in Jordan potentially will come to a halt this year. This comes as a result of the COVID-19 pandemic outbreak. Government imposed an economic lockdown which restricted non-essential economic activities and people’s movement in order to contain the virus. A SAM multiplier model was used to estimate the economic impact of the lockdown and to explore potential recovery pathways for the Jordanian economy. Some of the key findings from this modeling exercise are: • National GDP is estimated to have fallen by 23 percent during the lockdown period. The services sector was hardest hit, seeing an estimated drop in output of almost 30 percent. • Food systems in Jordan are estimated to have experienced a reduction in output by almost 40 percent. • Employment losses during the lockdown were estimated at over 20 percent, mainly driven by job losses in services, followed by agriculture. • Household income fell on average by around one-fifth due to the lockdown, mainly driven by contraction in service sector activities, by slowdown in manufacturing activity, and by lower remittances from abroad. • GDP growth rates for Jordan’s economy will continue to be negative through 2020, ranging from -5.7 to -7.4 percent, depending on the speed of economic recovery. A slow pace of recovery is expected. This economic recovery offers opportunities for fostering sustainable economic transformation and structural change. Economic policies and incentives should be directed towards more economic diversification, greater resilience to withstand economic shocks, and job creation.
Examines important elements in the economic and political systems in Jordan, and argues that the state possesses a certain amount of economic resilience and has successfully fostered a national identity.
This paper aims to support the implementation of the strategic development plans of Jordan by analyzing the role of agriculture and farmers in the Jordanian economy, the role that productivity and structural change can play for fostering agricultural growth, and the role agro-processing may play in Jordan’s economic development. We argue that the development of the agro-processing sector often has stronger backward and forward linkages with the agricultural sector than other sectors and, thus, plays an important role for rural transformation.
2011 Updated Reprint. Updated Annually. Jordan Economic & Development Strategy Handbook
This project explores the relationship between financial development and economic growth with reference to Jordan. It first introduces the literature on the role of financial development in economic growth. Two trends in the literature can be identified: that financial development spurs economic growth and in turn, econom ic growth and high per capita income induce financial development. The case study addresses the financial structure, the level of financial development and the ec onomic performance in Jordan from 1978 through 2003. A regression analysis is run to st udy empirically the role of fina ncial development in the economic development in Jo rdan. A preliminary result points to a non- significant relationship between the above v ariables.
Jordan occupies centre stage in both Middle Eastern and Arabic politics, yet the kingdom itself is comparatively under-researched. This volume contains contributions from some of Jordan's most respected academics in the field of geography, economics and political science. A number of international specialists in Jordan have also made valuable contributions. The work covers important aspects of the Jordanian economic and political scene which have not yet been written about in English. Aspects of Jordan's consumer society are examined, including the question of foreign aid support, the role of the private sector, and the demand for consumer durables. The economic vulnerability which an open consumer society faces is illustrated in the chapter on the balance of payments and inflation. Despite economic and political problems, it is argued that Jordan has exhibited a certain economic resilience and that a national identity has been successfully fostered.