By Paul Rivlin
"This publication examines the connection among demographic progress and fiscal improvement in 8 Arab international locations. regardless of a slowdown in demographic development, the hard work strength is expanding quickly as a result of the switch within the age constitution of the inhabitants. In different elements of the realm, comparable advancements have superior fiscal development. within the Arab global, in spite of the fact that, a number of the possibilities awarded by way of demographic transition are being misplaced, leading to critical threats to the political balance of the zone. the most reason behind this is often that the sector has neglected out on industrialization."--Jacket. Read more...
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The governments of the region have been slow to adjust to the pressures on the labor market, even though they pose a threat to social, economic, and political stability. The reasons for this conservatism are the subject of Chapter 3. THREE The Constraints of History Differences and Commonalities The eight economies examined in this book are very different. Saudi Arabia and Iraq are rich in oil and gas, but have very different levels of income largely because of the devastating effect of wars on the latter.
The report states that Arab governments were below the world average on all indicators of institutional quality, except for that of the rule of law. Improvements in political institutions were seen as conditions for economic development in line with much of the literature on new institutional economics and political economy. It stated that much needed to be done to provide people in the region with the political voice, social choices, and economic opportunities that they need for a better future.
In the 44 World Bank. Middle East and North Africa Region, Economic Prospects and Developments. 1, p. 98. org. Demography and Economics 29 1960s and early 1970s, the rate of growth of GDP per worker was relatively high. 45 The performance of the private sector has also been disappointing. The desire of various governments to influence the direction and structure of economic activity, along with their distrust of private companies, resulted in a highly controlled business environment with a mass of regulations and restrictions.
Arab economies in the twenty-first century by Paul Rivlin