Economic Policy and Performance in the Arab World

Economic Policy and Performance in the Arab World

Economic Policy and Performance in the Arab World

Economic Policy and Performance in the Arab World

Synopsis

An exploration of the domestic and international pressures that affect economic policy and performance in the Arab states. Paul Rivlin finds that during the last decade of the 20th century these pressures combined to simultaneously foster change and limit available policy options.

Excerpt

In the late 1980s and 1990s, Arab states faced enormous economic challenges. in the early 1980s, oil revenues slumped, sending a shock wave through the region. With the collapse of the Soviet Union in 1991, the ideological basis for state intervention in Arab economies was further weakened. the end of the Soviet Union represented the dissolution of the socialist ideal that had been very influential in the Arab world. Internal economic problems were becoming more severe as the protection offered by high oil revenues declined. the large industrial sectors built by the public sector were suffering from falling productivity. Output in the agricultural sector grew more slowly than did the population; as a result, food imports rose. Agriculture had been squeezed along Soviet lines to fund industrialization, but the results in both sectors were disappointing. Changes in economic policies were needed, but these came more slowly in many Arab countries than elsewhere. Furthermore, the international economic environment, which helped countries in East and Southeast Asia develop rapidly in the 1970s, had deteriorated.

The aim of this book is to examine Arab economic policy and performance in the 1990s. the problems that faced the Arab countries are placed in their international setting, both in terms of the advice that these countries received from abroad and changes in the international economic environment that affected them.

In the first chapter, the policies followed in the Arab states are placed within the context of the sharp debate about economic policy that has recently taken place among experts inside and outside international organizations, such as the International Monetary Fund (IMF) . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.