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Author Pelzman, Joseph.

Title The economics of the Middle East and North Africa (MENA) / Joseph Pelzman.

Published Singapore ; Hackensack, NJ : World Scientific, [2012]


Location Call No. Status
 UniM Giblin Eunson  330.956 PELZ    AVAILABLE
Physical description xvii, 271 pages : map ; 24 cm
Bibliography Includes bibliographical references (pages 255-266) and index.
Contents Chapter 1 Introduction 1 -- Chapter 2 Survey of Main Economic Outcomes 13 -- 2.1 GDP Sector Divisions 13 -- 2.2 Labor in MENA 16 -- 2.3 Education and Human Capital in MENA 18 -- 2.4 MENA Commitment to Education 20 -- 2.5 Health Expenditure in MENA 20 -- 2.6 Growth and Capital Formation in MENA 23 -- 2.7 Decomposition of MENA International Trade 28 -- 2.8 Impediments to Business Activity within MENA 34 -- Chapter 3 Islamic Economics: The Role of Interest-Free Finance in MENA's Development 53 -- 3.1 Basic Principles of Islamic Law Applicable to a Loan Agreement: Prohibition of Interest (Riba) and Risk/Uncertainty (Gharar) 57 -- 3.2 Contractual Modes of Financing under Islamic Law 60 -- Chapter 4 Investment in Human Capital 67 -- 4.1 A Simplified Endogenous Growth Model 67 -- 4.2 Human Capital Acquisition in MENA 71 -- Chapter 5 Labor Market in MENA 91 -- 5.1 Human Capital and Economic Growth 92 -- 5.2 Measuring Aggregate Productivity 101 -- 5.3 Labor Market Structure 105 -- Chapter 6 Oil Money and the 'Dutch Disease' 137 -- 6.1 Basic Model of a Resource Curse 139 -- 6.2 Empirical Evidence on the Resource Curse 143 -- Chapter 7 Science, Technology and Innovation in MENA 155 -- 7.1 Output of Science, Technology and Innovation in MENA 158 -- 7.2 Innovation Process within MENA 169 -- Chapter 8 International Trade in MENA 189 -- 8.1 Increased Protectionism in MENA at the Dawn of the 21st Century 190 -- 8.2 Measuring MENA Country Export Competitiveness 197 -- 8.3 Regional Trade Agreements and MENA 222 -- Chapter 9 Conclusions and Prospects for MENA 227.
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. This book uses analytical tools drawn from the trade, labor, finance, and development literature to critically analyze and compare these countries' economic policies. The approach taken in this book is to focus on the economic policies and institutional arrangements which have evolved in MENA and which may serve to explain the differences in each country's economic performance. The key objective of the book is to unravel the context-specific variety of growth-promoting policies within MENA rather than focus on specific countries. This book stresses that the poor performance of Arab MENA can be chiefly explained by their aversion to a Western paradigm of market economics. In the advanced industrial countries and in Israel, "globalization" is largely viewed in economic terms - the free movement of goods, services, labor and capital across borders. In the Arab MENA, however, "globalization" is viewed in largely ideological terms and has been regarded as a new version of imperialism. Consequently, the Arab MENA region remains one of the most un-globalized regions in the world."--P. [4] of cover.
Subject Middle East -- Economic conditions.
Africa, North -- Economic conditions.
ISBN 9789814327510 (hbk.)
9814327514 (hbk.)