After the spring

Economic transitions in the Arab world

Magdi Amin, Ragui A Assaad, Nazar Al-Baharna, Kemal Dervis, Raj M. Desai, Navtej S. Dhillon, Ahmed Galal, Hafez Ghanem, Carol Graham, Daniel Kaufmann

Research output: Book/ReportBook

38 Citations (Scopus)

Abstract

The Arab Spring constitutes perhaps the most far-reaching political and economic transition since the end of communism in Europe. For too long, the economic aspirations of the people in the region, especially young people, have been ignored by leaders in Arab countries and abroad. Competing views as to how best to meet these aspirations are now being debated in the region. The outcome will shape Arab societies for generations to come. This book argues that significant economic reforms must accompany the major political transitions that are underway. Although each country has a different economic structure and history and must make its own way forward, there are spill-overs from trade and investment linkages, the contagion of news cycles, interaction of people and sharing of expectations that are too great to ignore. Some common foundation of the new Arab economies is needed. Towards that end, this volume addresses four central challenges of economic reform in the Arab world. First, with two-thirds of the population under the age of thirty, the disproportionate burdens of unemployment and poor education can no longer be heaped on youth. Second, while some government policies may have improved the living standards of Arab citizens in the past, they have also entrenched cronies, enriched a small elite, and become unaffordable. Third, if Arab economies are to compete in the 21st century they cannot depend solely on oil and gas money, remittances, and tourism, but will require active, independent private sectors. And finally, the relative isolation of Arab economies-both from each other and from the world-must end. Rather than providing specific lists of recommendations, this book sets forth a set of guidelines and priorities for reformers who will begin creating new opportunities for youth, rebuilding the institutions of the state, diversifying the private sector, and cooperating with each other and integrating with the world economy.

Original languageEnglish (US)
PublisherOxford University Press
Number of pages192
ISBN (Electronic)9780199949427
ISBN (Print)9780199924929
DOIs
StatePublished - May 24 2012

Fingerprint

Economic transition
Political transition
Private sector
Economic reform
Aspiration
World economy
Economic history
Contagion
Gas
Linkage
Arab countries
News
Standard of living
Burden
Spillover
Tourism
Remittances
Elites
Communism
Unemployment

Keywords

  • Arab countries
  • Arab economies
  • Arab spring
  • Communism
  • Economic reform
  • Independent private sectors
  • Investment
  • Trade

Cite this

Amin, M., Assaad, R. A., Al-Baharna, N., Dervis, K., Desai, R. M., Dhillon, N. S., ... Kaufmann, D. (2012). After the spring: Economic transitions in the Arab world. Oxford University Press. https://doi.org/10.1093/acprof:oso/9780199924929.001.0001

After the spring : Economic transitions in the Arab world. / Amin, Magdi; Assaad, Ragui A; Al-Baharna, Nazar; Dervis, Kemal; Desai, Raj M.; Dhillon, Navtej S.; Galal, Ahmed; Ghanem, Hafez; Graham, Carol; Kaufmann, Daniel.

Oxford University Press, 2012. 192 p.

Research output: Book/ReportBook

Amin, M, Assaad, RA, Al-Baharna, N, Dervis, K, Desai, RM, Dhillon, NS, Galal, A, Ghanem, H, Graham, C & Kaufmann, D 2012, After the spring: Economic transitions in the Arab world. Oxford University Press. https://doi.org/10.1093/acprof:oso/9780199924929.001.0001
Amin M, Assaad RA, Al-Baharna N, Dervis K, Desai RM, Dhillon NS et al. After the spring: Economic transitions in the Arab world. Oxford University Press, 2012. 192 p. https://doi.org/10.1093/acprof:oso/9780199924929.001.0001
Amin, Magdi ; Assaad, Ragui A ; Al-Baharna, Nazar ; Dervis, Kemal ; Desai, Raj M. ; Dhillon, Navtej S. ; Galal, Ahmed ; Ghanem, Hafez ; Graham, Carol ; Kaufmann, Daniel. / After the spring : Economic transitions in the Arab world. Oxford University Press, 2012. 192 p.
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