"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 introduction from Mohamed A. El-Erian and a new postscript"--Provided by publisher.
- ISBN10 6610950385
- ISBN13 9786610950386
- Publish Date 1 April 2007 (first published 1 January 2007)
- Publish Status Active
- Out of Print 11 May 2011
- Publish Country US
- Imprint Peter G. Peterson Institute
- Format eBook
- Pages 366
- Language English