The economics of the Middle East and North Africa (MENA) /

The economics of the Middle East and North Africa (MENA) /

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Bibliographic Details
Author / Creator:	Pelzman, Joseph, author.
Edition:	Second edition.
Imprint:	New Jersey : World Scientific, [2019]
Description:	xxiv, 509 pages : illustrations ; 24 cm
Language:	English
Subject:	Economic history. Economic policy. Middle East -- Economic conditions. Middle East -- Economic policy. Africa, North -- Economic conditions. Africa, North -- Economic policy. Africa, North. Middle East.
Format:	Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11794826

Hidden Bibliographic Details
ISBN:	9789813203976 9813203978
Notes:	Includes bibliographical references and index.
Summary:	The Middle East and North Africa (MENA) is a large, complex, and diverse region, which faces a wide range of economic issues. The purpose of this book is not to provide a country-by-country study but rather to deal with general themes found in Arab MENA and Israel, such as problems associated with growth and structural change; the role of State-intervention and the development of oligarchies in country-specific local markets; labor market imperfections driven by gender bias; technology gaps and endogenous growth; capital market development in a restricted financial model based on religious constraints; savings and investment behavior in a model of state subsidization and intervention designed to control local development; and the role of the state in inducing bottom-up corruption. This approach helps us to raise general questions about the growth experience of the region as a whole and at the same time focus on key sector issues, such as the relevance of Islamic banking to capital formation and the role for international trade and investment. Data sources used in the volume include country-specific data, World Bank, UN, IMF and OECD. The new chapters added in this 2nd edition include three broad explanations of the Arab Spring. First, the lack of transparent markets; second, the impact of distortionary economic policies; and third, the impact of corruption. Old chapters are revised with updated data, a discussion of the role of the "State" and "Oligarchies" in the economies of all the MENA countries, an in-depth exploration of the investment in human capital and growth and an identification of the most important binding constraints to economic development in the Arab MENA and Israel.

Description
Summary:	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.The purpose of this book is not to provide a country-by-country study, but rather to deal with general economic themes found in Arab MENA and Israel, such as problems associated with growth and structural change; the role of State-intervention in country-specific local markets; labor market imperfections driven by gender bias; technology gaps and endogenous growth; capital market development in a restricted financial model based on religious constraints; savings and investment behaviour in a model of state subsidization and intervention designed to control local development; and the role of the state in constraining private sector activity. Data sources used in this second edition include country-specific data, the World Bank, the United Nations, the International Monetary Fund and the Organisation for Economic Co-operation and Development.The new material in this second edition includes a discussion of the impending and inevitable leadership changes which will occur throughout Arab MENA over the next decades. The evidence to support this evaluation is based on the current lack of transparent markets; the lack of inclusive macro policies, the impact of distortionary micro economic policies across all sectors; and the impact of anti-globalization and xenophobia on innovation. Old chapters are revised with updated data, a discussion of the role of the 'State' and 'Oligarchies' in the economies of most of the MENA countries, an in-depth exploration of the investment in human capital and growth and an identification of the most important binding constraints to economic development in Arab MENA and Israel.This book serves as both a textbook and a summary of the very large literature on MENA. It examines the economic realities of the region and compares them across the MENA economies. It should be stressed that this book is not about the latest political debate on who did what to whom in the Middle East or in North Africa. The focus is on economics, not political economics.
Physical Description:	xxiv, 509 pages : illustrations ; 24 cm
Bibliography:	Includes bibliographical references and index.
ISBN:	9789813203976 9813203978