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Middle East Oil Exporters |
Hossein Askari, Iran Professor of International Business and Professor of International Affairs, The George Washington University, US
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‘Anyone who wants to grasp the economic status of this rather special, perhaps unique, part of the world will find here a knowledgeable and assiduous guide. Secondly, the book presents a strong and uncompromising argument about what these countries must do, and what the West must do, to improve the economic performance and social fabric of the MENA region, and thus better the daily lives of the inhabitants.’
– From the foreword by Robert M. Solow, Nobel Laureate, Massachusetts Institute of Technology, US
Hossein Askari argues here that economic and social failure in the oil-exporting countries of the Middle East is a result of much more than simply shortcomings in economic policies. He analyzes religion, corruption, instability, wars and foreign interference as factors affecting the region and offers solutions that incorporate Islamic teachings, regional peace efforts, market-oriented economic policies, sound institutions and unselfish policy support from the West.
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Contents: Foreword by Robert M. Solow 1. Introduction 2. The Blessing and the Curse of Oil 3. Islam, Governance and Economic Development 4. Instability, Regional Conflicts and External Intervention 5. Physical and Social Indicators 6. Broad Economic Indicators and Performance 7. Government Finances 8. External Sector 9. Labor and Employment 10. Capital Flows 11. Law and Order, Business Climate, Economic Freedom and Country Risk 12. Military Expenditures and the Cost of Conflicts 13. Policy Assessment: A Synthesis of Successes and Failures 14. The Way Forward Appendices Bibliography Glossary Index
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