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This book identifies the differences in growth and development, and the various factors lying behind them, across both Middle East and North African (MENA) and East Asian countries over the 1960‒2020 period. It considers a very wide range of factors, compares initial situations, institutions, and government policies, the dynamic responses to changing circumstances, and discusses the inability of the governments of the MENA region to achieve not only political reform, but also the kinds of economic reform that would allow their citizens to prosper in an increasingly globalized world. The book focuses on Tunisia. Since its independence in 1956 until 2010, Tunisia had considerable success rel...
This book examines monetary policy, central banking and exchange rate regimes in the Middle East and North Africa. Part I covers central banking and monetary policy, while Part II covers monetary policy and exchange rate regimes. Some chapters focus on the monetary frameworks of particular countries, including Lebanon, Algeria, Syria, Tunisia, Morocco, and Turkey, outlining the different systems operated in each case, considering their successes and failures, and discussing important issues such as government policy, macroeconomic performance, inflation and inflation targeting, central bank independence and the impact of broader political economic developments on the conduct of monetary policy. Other chapters cover thematic issues across the whole region, including: central bank independence, operations of debtor central banks, the effect of exchange rates on inflation, and the effect on countries’ trade of alternative exchange rate regimes. Drawing on the insights of scholars and policy-makers, this book is a vital resource for anyone wanting to understand the economies of the Middle East and North Africa.
A Billion Dollars a Day “This text provides a good narrative on the economics of government intervention, the structure of the world food system and history of the WTO, and the provision of farm subsidies by developed economies, with a special focus on the U.S. and EU.” P. Lynn Kennedy, Louisiana State University “This extremely well-researched and documented book provides a comprehensive overview of the impact (both intentional and unintentional) that developed nations’ agricultural policies can have on underdeveloped agricultural-based nations.” Jay E. Noel, Cal Poly State University “This text’s discussion and explanation of subsidies is well developed in a historical and in...
This book investigates the socioeconomic factors that triggered Tunisia’s "revolution for dignity” and the current issues and challenges facing its economy while suggesting mechanisms and instruments for their resolution. The author begins by analyzing the roots of the revolution and the post-revolution situation from a political sociology perspective and then diagnoses the Tunisian economy before and after the revolution and identifies the multidimensional binding constraints preventing it from escaping the middle-income trap. The book then explores the pillars of an inclusive development strategy that Tunisia should pursue. The emphasis is made on building inclusive institutions, developing a new social contract and reinventing the country's leadership. Beyond the institutional dimension, the author suggests innovative financial channels, discusses the strategy of a successful integration of the Tunisian economy in the global economy as well as the pillars of its transformation into a knowledge-based economy.
The works collected in The Lure of Authoritarianism consider the normative appeal of authoritarianism in light of the 2011 popular uprisings in the Middle East. Despite what seemed to be a popular revolution in favor of more democratic politics, there has instead been a slide back toward authoritarian regimes that merely gesture toward notions of democracy. In the chaos that followed the Arab Spring, societies were lured by the prospect of strong leaders with firm guiding hands. The shift toward normalizing these regimes seems sudden, but the works collected in this volume document a gradual shift toward support for authoritarianism over democracy that stretches back decades in North Africa. Contributors consider the ideological, socioeconomic, and security-based justifications of authoritarianism as well as the surprising and vigorous reestablishment of authoritarianism in these regions. With careful attention to local variations and differences in political strategies, the volume provides a nuanced and sweeping consideration of the changes in the Middle East in the past and what they mean for the future.
In the tumultuous aftermath of the Arab uprisings, Tunisia charted a unique path that has earned it praise as "a beacon of hope" in a troubled region. Since the 2011 revolution, it has embraced a new culture of democracy, based on pluralism, civilian rule and the peaceful transfer of power. Equally noteworthy are the country's burgeoning civil society, its various institutional reforms and its progressive new constitution, which upholds individual freedoms and champions women's rights. But in spite of these achievements, daunting challenges remain. Although Tunisia has succeeded in defusing many crises, its transition has been uneasy; its democracy is fragile and its future continues to be u...
In the aftermath of the Arab Spring, when thousands of young women and men fought for the opportunity to realize their aspirations and potential, the question of jobs continues to be crucial in the Middle East and North Africa region. This report uses jobs as a lens to weave together the complex dynamics of employment creation, skills supply, and the institutional environment of labor markets. Consistent with the framework of the 2013 World Development Report on jobs, of which this report is the regional companion, this work goes beyond the traditional links between jobs, productivity, and living standards to include an understanding of how jobs matter for individual dignity and expectations...
"Since the end of the Cold War, globalization-both the process and the idea-has been reshaping the world. An array of new global studies scholarship has emerged to make sense of the various transnational manifestations of globalization-economic, social, cultural, ideological, technological, environmental, postcolonial, and technological. However, following a series of crises in the first two decades of the 21st century, the neoliberal globalization system of the 1990s has come under severe strain. Are we witnessing a turn toward "deglobalization" intensified by the COVID-19 pandemic and the Ukraine War, or a moment of "reglobalization" spearheaded by digital technology? The contributors to this book employ transdisciplinary research strategies to assess pertinent past developments, the current state, and future trajectories of globalization in light of the current dynamics of insecurity, volatility, and geopolitical tensions"--