Technology, Political Economy, and Economic Development in the Middle East and North Africa
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Technology, Political Economy, and Economic Development in the Middle East and North Africa. / Brach, Juliane.
I: Review of Middle East Economics and Finance, Bind 5, Nr. 3, 2009.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Technology, Political Economy, and Economic Development in the Middle East and North Africa
AU - Brach, Juliane
N1 - Paper id:: Article 1
PY - 2009
Y1 - 2009
N2 - Comparing the pace and extent of economic development across the developing regions yields that Arab countries have displaced a weak economic performance over the past 20 years, despite their favorable geo-strategic location and a high density of national and international structural adjustment efforts. Using cross-country regressions, this paper identifies two binding constraints to economic development in the Arab countries of the Middle East and North Africa (MENA): 1) Most countries are not able to apply or adopt existing technologies efficiently and 2) The economically inefficient allocation of resources is rooted deeply in regional political economy structures. These results challenge the scholarly debate, but can help to understand why international structural adjustment programs that focused on privatization and trade liberalization only showed limited success in the MENA region.
AB - Comparing the pace and extent of economic development across the developing regions yields that Arab countries have displaced a weak economic performance over the past 20 years, despite their favorable geo-strategic location and a high density of national and international structural adjustment efforts. Using cross-country regressions, this paper identifies two binding constraints to economic development in the Arab countries of the Middle East and North Africa (MENA): 1) Most countries are not able to apply or adopt existing technologies efficiently and 2) The economically inefficient allocation of resources is rooted deeply in regional political economy structures. These results challenge the scholarly debate, but can help to understand why international structural adjustment programs that focused on privatization and trade liberalization only showed limited success in the MENA region.
U2 - 10.2202/1475-3693.1240
DO - 10.2202/1475-3693.1240
M3 - Journal article
VL - 5
JO - Review of Middle East Economics and Finance (Online)
JF - Review of Middle East Economics and Finance (Online)
SN - 1475-3685
IS - 3
ER -
ID: 17494829