After the Spring: Economic Transition in the Arab World by Magdi AminAfter the Spring: Economic Transition in the Arab World by Magdi Amin

After the Spring: Economic Transition in the Arab World

byMagdi Amin, Ragui Assaad, Nazar al-Baharna

Hardcover | April 11, 2012

Pricing and Purchase Info


Earn 273 plum® points

Prices and offers may vary in store


In stock online

Ships free on orders over $25

Not available in stores


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. Competingviews 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.The authors of this book argue 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, thecontagion 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 thepopulation under the age of 30, 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, andbecome 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 theworld-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 andintegrating with the world economy.
Magdi Amin is Lead Economist with International Finance Corporation. Ragui Assaad is Professor of Planning and Public Affairs at Minnesota University. Nazar al-Baharna is former Minister of State for Foreign Affairs of Bahrain. Kemal Dervis is Vice President of Brookings Institution. Raj M. Desai is Associate Professor of International...
Title:After the Spring: Economic Transition in the Arab WorldFormat:HardcoverDimensions:192 pages, 9.25 × 6.12 × 0.98 inPublished:April 11, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199924929

ISBN - 13:9780199924929


Table of Contents

1. INTRODUCTIONRemaking the Arab EconomiesWhat Kind of Reform?New Transitions, New Directions: Outline of the VolumeWhat Next?: Stability, Confidence and Credibility2. THE ORIGINS OF THE ARAB SPRINGThe Unraveling Arab Social ContractThe Legacy of the Arab PolityPartial Reform and International ExperiencesMyths and Realities in Transition3. OPPORTUNITIES FOR YOUNG PEOPLEBasic Demographic TrendsEmployment: Young and WaitingEducation - Right Intentions, Wrong OutcomesTransition Challenge: Evening out the Burden of Adjustment4. BUILDING A MODERN STATEFiscal ReformPublic Sector EmploymentGetting Good Government5. TRANSFORMING THE PRIVATE SECTORA Structural Deficit in the Non-Oil SectorCan the Arab World Compete?Moving Forward with Private Sector ReformStrategic Choices in Private Sector Reform6. NEW REGIONAL AND GLOBAL STRATEGIESIntegrating with the Region and the WorldRegional Infrastructure CooperationA Role for International Actors?