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

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Title:

Author:

Pelzman, Joseph.

ISBN:

9789814327510

Personal Author:

Pelzman, Joseph.

Publication Information:

Singapore : World Scientific, c2012.

Physical Description:

xvii, 271 p. : ill., map ; 24 cm.

Contents:

Machine generated contents note: ch. 1 Introduction -- ch. 2 Survey of Main Economic Outcomes -- 2.1.GDP Sector Divisions -- 2.2.Labor in MENA -- 2.3.Education and Human Capital in MENA -- 2.4.MENA Commitment to Education -- 2.5.Health Expenditure in MENA -- 2.6.Growth and Capital Formation in MENA -- 2.7.Decomposition of MENA International Trade -- 2.8.Impediments to Business Activity within MENA -- ch. 3 Islamic Economics: The Role of Interest-Free Finance in MENA's Development -- 3.1.Basic Principles of Islamic Law Applicable to a Loan Agreement: Prohibition of Interest (Riba) and Risk/Uncertainty (Gharar) -- 3.2.Contractual Modes of Financing under Islamic Law -- 3.2.1.Partnerships (Musharaka and Mudharaba) -- 3.2.2.Lease (Ijara and "Ijara va iqtina") -- 3.2.3.Mark-Up Sale (Murabaha) -- 3.2.4.Commissioned Manufacturing (Istisna') -- 3.2.5.Empirical Evidence: Is Islamic Banking Interest-Free? -- ch. 4 Investment in Human Capital -- 4.1.A Simplified Endogenous Growth Model --

Contents note continued: 4.2.Human Capital Acquisition in MENA -- 4.2.1.The Demand Side -- 4.2.2.The Supply Side -- ch. 5 Labor Market in MENA -- 5.1.Human Capital and Economic Growth -- 5.2.Measuring Aggregate Productivity -- 5.3.Labor Market Structure -- 5.3.1.Static Efficiency -- ch. 6 Oil Money and the 'Dutch Disease' -- 6.1.The Basic Model of a Resource Curse -- 6.2.The Empirical Evidence on the Resource Curse -- ch. 7 Science, Technology and Innovation in MENA -- 7.1.The Output of Science, Technology and Innovation in MENA -- 7.2.The Innovation Process within MENA -- ch. 8 International Trade in MENA -- 8.1.Increased Protectionism in MENA at the Dawn of the 21st Century -- 8.2.Measuring MENA Country Export Competitiveness -- 8.3.Regional Trade Agreements and MENA -- ch. 9 Conclusions and Prospects for MENA.

Geographic Term:

Middle East -- Economic conditions.

Africa, North -- Economic conditions.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025593779	330.956 P393E 2012	1	Searching... Unknown

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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.The book serves as both a textbook and a summary of the very large literature on MENA. It examines the following economic realities of the region and compares them across the MENA economies:Technology gap and comparative developmentthe value of education and human capital developmentWater and food securitythe economics and politics of oilPopulation growth, role of gender, and labor mobilitythe role of the state as economic actorthe economic value of democracythe prospects for regional integration