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For the Middle East and Africa (MENA region), the key to their economic future will be determined by the fate of their indigenous labour markets. The challenge for this part of the world is to create 100 million jobs. Such an objective is hampered by the already prevailing economic conditions. All MENA countries are suffering from high unemployment, which is directly effecting women, the young, and the educated, but at the same time has the fastest growing labour market in the world. This title argues that meeting this employment challenge will require the transformation of the regions societies and economic structures as well as a new development model based on a reinvigorated private sector, greater integration into the world economy, and better management of oil resources. These drivers of future growth and job creation will require, moreover, a foundation of better governance and a new social contract.
development, political scientists and development practitioners." --Book Jacket.
For a long time, economic research on Africa was not seen as a profitable venture intellectually or professionally-few researchers in top-ranked institutions around the world chose to become experts in the field. This was understandable: the reputation of Africa-centered economic research was not enhanced by the well-known limitations of economic data across the continent. Moreover, development economics itself was not always fashionable, and the broader discipline of economics has had its ups and downs, and has been undergoing a major identity crisis because it failed to predict the Great Recession. Times have changed: many leading researchers-including a few Nobel laureates-have taken the subject of Africa and economics seriously enough to devote their expertise and creativity to it. They have been amply rewarded: the richness, complexities, and subtleties of African societies, civilizations, rationalities, and ways of living, have helped renew the humanities and the social sciences-and economics in particular-to the point that the continent has become the next major intellectual frontier to researchers from around the world. In collecting some of the most authoritative statements about the science of economics and its concepts in the African context, this lhandbook (the first of two volumes) opens up the diverse acuity of commentary on exciting topics, and in the process challenges and stimulates the quest for knowledge. Wide-ranging in its scope, themes, language, and approaches, this volume explores, examines, and assesses economic thinking on Africa, and Africa's contribution to the discipline. The editors bring a set of powerful resources to this endeavor, most notably a team of internationally-renowned economists whose diverse viewpoints are complemented by the perspectives of philosophers, political scientists, and anthropologists.
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.
Beginning in 2003, diverse and significant actors, both domestic and international, engaged in reconstruction activities in Iraq. The total budget committed to Iraq’s reconstruction was unprecedented among postconflict operations mobilized by the international community. Despite the vast sums of money spent, and the implementation of its many projects and programs, the donors and the Iraqi people view the reconstruction efforts in Iraq in a negative light. The Reconstruction of Iraq after 2003: Learning from Its Successes and Failures focuses on the period between 2003 and 2014—that is, after the United States†“led invasion and overthrow of the Saddam Hussein regime, and before the sudden rise of the Islamic State of Iraq and the Levant (ISIL), also known as Daesh. This book assesses several dimensions of Iraq’s reconstruction. First, it considers the response of key international actors, such as the United Nations, the World Bank, the United States, and other bilateral donors—specifically, the European Union, Japan, and the United Kingdom—as well as nongovernmental organizations. Second, it analyzes the process and results of the reconstruction of key sectors (electricity, oil, education, and health), and the interventions geared to institution building and governance reform. Pursuing effective reconstruction within the context of conflict and fragility is a formidable challenge because of the uncertain, fluid, and complex environment. Based on the experience in Iraq, how can the international community support the effectiveness and durability of reconstruction? This book identifies lessons in seven areas and offers four recommendations for international and domestic actors and citizens engaged in reconstruction activities. The Reconstruction of Iraq after 2003 is important reading for development practitioners and policy makers who are or will be engaged in reconstruction efforts in fragile and conflict-affected environments.
In recent years, geopolitical disruptions, tightening oil supply, refining constraints and rising demand have combined to maintain high oil prices, allowing Arabian Gulf oil producers to capitalize on the resulting revenue windfall. However, formidable challenges still loom ahead: What long-term production strategy should the Gulf OPEC members adopt? Can Gulf oil producers allay the supply security concerns of major consumer nations? How will limitations in crude quality and constraints in refining capacity impact on global energy markets? How can OPEC maintain reasonable oil prices in the face of exhaustible oil supplies and inexhaustible global demand? How will growing non-OPEC production affect OPEC's predominant market position in the future? The ECSSR 11th Annual Energy Conference, Gulf Oil and Gas: Ensuring Economic Security, held from September 25-27, 2005 in Abu Dhabi, assembled international experts to discuss crucial energy developments and outline strategies for the Arabian Gulf states to strengthen their future economic security. The conference presentations in this book focus on vital energy issues: the globalization of the gas trade, trends in crude quality; cooperation between consumers and producers; links between national and foreign oil companies; future demand for Gulf energy; prospects for augmented Gulf production; sustainability of Saudi Arabia's excess capacity; concerns over oilfield security; imperatives for attracting investment; and the need for additional oil refining capacity. Conference deliberations indicated that for the Arabian Gulf producers, ensuring economic security means going beyond petroleum resource management to formulate policies leading to diversified national development and greater economic cohesion while safeguarding the region's strategic position in an integrated world economy.
Lust and her outstanding contributors have fully revised the text to take into account the watershed events that have taken place in the Middle East since the 2011 uprisings. The book also adds important coverage with a new thematic chapter on religion, society, and politics in the region, which examines the role of both Islam and Judaism. New to this edition: - Every chapter has been thoroughly revised to cover all of the major changes in the region since the uprisings of 2011 - The Overview section now contains a chapter on religion, society, and politics in the Middle East that examines the role of both Islam and Judaism - Expanded coverage of the role of social movements and activism in the chapter, Actors and Public Opinion. - Country chapters have been revised to more explicitly address religion, society and politics - In light of user feedback, the thematic chapters have been reordered to fit more naturally with teaching progression preferred by most faculty
Offering a comprehensive analysis of the development of economies in the Middle East and North Africa over the past half century, this book charts the progress of these countries through an examination of an Islamic model of economic development, reform processes, and economic integration. Far from being a simple process, economic development in the Middle East and North Africa is dependent on the interaction of a set of changing systems including; international relations, the political regime, economy, and society. By analysing these interdependent factors, The Economic Development Process in MENA seeks to provide answers to the most pressing issues facing the economies in this area. Providing an interpretation of regional development in light of dialectics between state and society, this book will be of value to students and scholars with an interest in the Middle East, Economics, and International Relations.
This book examines the relationship between demographic growth and economic development in eight Arab countries. Despite a slowdown in demographic growth, as a result of the change in the age structure of the population, the labor force is increasing rapidly. In other parts of the world, similar developments have enhanced economic growth. In the Arab world, however, many of the opportunities presented by demographic transition are being lost, resulting in serious threats to the political stability of the region. The main reason for this is that the region has missed out on industrialization. The book goes beyond conventional analysis to ask two closely related questions. The first is, why were governments so slow in tackling stability? The second is, why has the response been similar in apparently different economies? Answers are provided using new literature in economics and economic history.