Dimensions of the challenge. Addressing the challenge
Growth, productivity, and welfare. Identifying the comparators. Natural resources and physical capital. Human capital. Relative international performance. Domestic growth over time. Investment and growth. Sources of differences in growth rates
Welfare, happiness, and discontent. Social indicators. Happiness. Discontent
Dimensions of the challenge. What are the perceived problems? Demographic changes. Employment generation and productivity growth. International trade performance. Dimensions of the problem. Foreign direct investment and financial inflows. Oil rents, aid, and remittances. Financial market development. Explanations of limited globalization. Some effects of lack of globalization
Obstacles to, and enablers of, development. Institutions and the influence of Islam. Religious affiliation and growth across countries. Religion and institutions. legal systems and growth. Corruption and growth. Evolving understanding of development policy. Policies and their effects. An alternate view of the determinants of productivity growth
Policy levers and constraints. Internal constraints to reform. The external policy dimension. The role of preferential agreements. Intra-Arab agreements. Club Med. Preferential agreements with the US
Risk, credibility, and supply response. Domestic entrepreneurship. Reversing the brain drain. Arabs in North America. Arabs in Europe. The role of foreign investment. Asian experiences with diaspora and foreign entrepreneurs. Affinity, democracy, and risk
Authoritarianism, uncertainty, and prospects for change. The political economy of reform. Implications for international exchange. Prospects for change
Conclusions
Defining the problem. Designing solutions. The political economy of reform.
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The Arab economies in a changing world by Marcus Noland. ISBN 9780881323931. Published by Peterson Institute for International Economics in 2007. Publication and catalogue information, links to buy online and reader comments.
