Rich And Poor States In The Middle East


Book Description

While oil wealth has enriched some Middle East Arab nations, others that lack oil resources have remained poor and are looking now to their oil-rich neighbors for development assistance. This collection of studies on the economic, social, and political relationships between the haves and the have-nots in the Middle East focuses on Egypt-the largest state in the region-and on its prospects for change based on financial assistance from other Arab countries.The authors have many disagreements about the future of both rich and poor nations in the Middle East and considerable skepticism about the possibility of transforming Egypt, but they do agree that the future must be projected in the framework of a new regional order in which oil wealth, labor migration, and liberalized national economies are fundamental realities.




Rulers, Religion, and Riches


Book Description

This book seeks to explain the political and religious factors leading to the economic reversal of fortunes between Europe and the Middle East.




Rich People Poor Countries


Book Description

Like the robber barons of the 19th century Gilded Age, a new and proliferating crop of billionaires is driving rapid development and industrialization in poor countries. The accelerated industrial growth spurs economic prosperity for some, but it also widens the gap between the super rich and the rest of the population, especially the very poor. In Rich People Poor Countries, Caroline Freund identifies and analyzes nearly 700 emerging-market billionaires whose net worth adds up to more than $2 trillion. Freund finds that these titans of industry are propelling poor countries out of their small-scale production and agricultural past and into a future of multinational industry and service-based mega firms. And more often than not, the new billionaires are using their newfound acumen to navigate the globalized economy, without necessarily relying on political connections, inheritance, or privileged access to resources. This story of emerging-market billionaires and the global businesses they create dramatically illuminates the process of industrialization in the modern world economy.




Challenges of Growth and Globalization in the Middle East and North Africa


Book Description

The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.




Subsidy Reform in the Middle East and North Africa


Book Description

In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms.




From the 1919 Revolution to the 2011 Arab Spring


Book Description

Focused on three Egyptian revolutions—in 1919, 1952, and 2011—this edited book argues that each of these revolutions is a milestone which represents a meaningful turning point in modern Egyptian history. Revolutions are typically characterized by a fundamental change in political and social infrastructures as well as in the establishment of new values and norms. However, it should be noted that this may not be entirely applicable when examining the context of the three Egyptian revolutions: the 1919 revolution failed to liberate Egypt from British colonial hegemony; the 1952 revolution failed to rework the country’s social and economic systems and unify the Arab world; and the "Arab Spring" revolution of 2011 culminated in a chaotic economic and social catastrophe, thus failing to solve the young generation’s crisis. Nevertheless, by revisiting and re-defining these revolutions through diverse theoretical frameworks, the book proposes that each of them played a significant role in shaping Egypt’s political, social, and cultural identity. This book is specifically of interest for students, historians, and social scientists with a keen interest in Egyptian history and the Middle East, offering fresh perspectives and insights into these transformative moments in Egypt’s history.




Inside Inequality in the Arab Republic of Egypt


Book Description

Inside Inequality in the Arab Republic of Egypt: Facts and Perceptions Across People, Time, and Space comprises four papers prepared in the framework of the Egypt inequality study financed by the World Bank. The first paper, by Sherine Al-Shawarby, reviews the studies on inequality in Egypt since the 1950s with the double objective of illustrating the importance attributed to inequality through time and of presenting and compare the main published statistics on inequality. The second paper, by Branko Milanovic, turns to the global and spatial dimensions of inequality. The Egyptian society remains deeply divided across space and in terms of welfare, and this study unveils some of the hidden features of this inequality. The third paper, by Paolo Verme, studies facts and perceptions of inequality during the 2000-2009 period, which preceded the Egyptian revolution. The fourth paper, by Sahar El Tawila, May Gadallah, and Enas Ali A.El-Majeed, assesses the state of poverty and inequality among the poorest villages of Egypt. The paper attempts to explain the level of inequality in an effort to disentangle those factors that derive from household abilities from those factors that derive from local opportunities. Inside Inequality in the Arab Republic of Egypt provides some initial elements that could explain the apparent mismatch between inequality measured with household surveys and inequality aversion measured by values surveys. This is a particularly important and timely topic to address in light of the unfolding developments in the Arab region. The book should be of interest to any observer of the political and economic evolution of the Arab region in the past few years and to poverty and inequality specialists interested in a deeper understanding of the distribution of incomes in Egypt and other countries in the Middle East and North Africa region. World Bank Studies are available individually or on standing order. The World Bank Studies series is also available online through the Open Knowledge Repository (https://openknowledge.worldbank.org/) and the World Bank e-Library (www.worldbank.org/elibrary). Book jacket.




Arab Manpower (RLE Economy of Middle East)


Book Description

The Arab world increasingly falls into two divisions, the capital-poor and the capital-rich countries (where capital means, in essence, oil). In the capital-rich countries shortage of labour is the chief constraint on growth. In the capital-poor countries analysis of the labour market is equally central, as shortage of labour compounds the already existing problem of shortage of capital. This book surveys the labour markets of the Arab world state by state, evaluating them by demand and supply analysis, and analysing the different elements in trends of employment. It forecasts the areas of stress in the next decade and suggests ways of minimising them. The book, based on much previously unpublished information and on extensive on-the-spot research in the respective Arab countries, sets out the economic and social conditions which underly the impending crisis of development in the Arab region. First published in 1980.




The Energy Sector and Energy Geopolitics in the MENA Region at a Crossroad


Book Description

This open access book offers a holistic and interdisciplinary analysis of the energy sector in the Middle East and North Africa (MENA) region and its ongoing transformation. Taking into account global decarbonization policies, it offers a comprehensive overview of the transition’s effects in the region highlighting socioeconomic, geopolitical and cultural aspects. The book is divided into four parts, the first of which illustrates the historical, cultural and socioeconomic heterogeneity of the MENA region. The second part assesses the region's energy sector, with a special focus on the energy mix and consumption evolution at the national level. The third part addresses the geopolitics and geoeconomics of the energy sector in MENA countries, including foreign interference, conflicts, investments and partnerships both related to hydrocarbons and energy transition. Lastly, the fourth part provides overall conclusions and key takeaways on all major aspects addressed by the book, highlighting various paths and strategies for decarbonization in the region.




Pariah States & Sanctions in the Middle East


Book Description

A dispassionate analysis of the effect-political, economic, and psychological-of sanctions on the Middle East's "pariah" states.