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Table of contents (14 chapters)
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Front Matter
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Puzzles and Clues — An Overview
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Economic Growth and Structural Transformation
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Front Matter
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Inequality and Social Justice
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Front Matter
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Political Transitions
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Front Matter
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Back Matter
Keywords
About this book
On the growth question, the book looks into the extent of structural transformation of the economy, the political economy reasons for the lack of structural change, and the external conditions in the EU and in the GCC that underpin the lack of structural change. On inequality, the book offers new measures of equality of opportunity in human development and in the job market, and it also reviews the complex political economy of subsidy removal. Regarding natural resources, the volume provides three innovations: connecting the notion of 'oil curse' to the global phenomena of asset bubbles; evidence that resource curse effects do not rise monotonically with the size of the resource rent, but rather, according to an inverted U shape; and an extension of the concept of rent to the other non-oil rents that are also predominant in the region. Finally, the volume places the political transition in the region in a global perspective using various methods – theoretical, comparative, and empirical, and it explores the relationship between democracy in its variety of forms and economic development.
Editors and Affiliations
About the editors
Ahmed Galal is Managing Director of the Economic Research Forum. He was Egypt's Finance Minister in 2013. Before that, he held various positions at the World Bank for about 18 years. In 2000-2007, he was the Director of the Egyptian Center for Economic Studies. Galal holds a PhD in Economics from Boston University, USA. He authored more than a dozen books and several journal articles.
Bibliographic Information
Book Title: The Middle East Economies in Times of Transition
Editors: Ishac Diwan, Ahmed Galal
Series Title: International Economic Association Series
DOI: https://doi.org/10.1007/978-1-137-52977-0
Publisher: Palgrave Macmillan London
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-1-137-52976-3Published: 13 January 2016
Softcover ISBN: 978-1-137-58394-9Published: 13 January 2016
eBook ISBN: 978-1-137-52977-0Published: 08 April 2016
Series ISSN: 2662-6330
Series E-ISSN: 2662-6349
Edition Number: 1
Number of Pages: XX, 359
Topics: Regional/Spatial Science, Macroeconomics/Monetary Economics//Financial Economics, International Economics, Economic Policy, Development Economics, International Political Economy