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Full-Text Articles in Social and Behavioral Sciences
Arab Economies At A Tipping Point, Marcus Noland, Howard Pack
Arab Economies At A Tipping Point, Marcus Noland, Howard Pack
Marcus Noland
The Arab world is experiencing an economic boom of historic proportions. The tiny Persian Gulf emirate of Dubai is emblematic. Boasting the world's only seven-star hotel, its massive land reclamation project, allegedly the only man-made structure visible from the moon, is whimsically creating parcels shaped like continents and palm trees. With oil hovering above $90 a barrel and the Egyptian stock market up 1,800 percent in the last five years, one might ask what problems World Bank President Robert Zoellick perceives that would justify making the economic revitalization of the Arab world one of the cornerstones of his new administration.1 …
Islam, Globalization, And Economic Performance In The Middle East, Marcus Noland, Howard Pack
Islam, Globalization, And Economic Performance In The Middle East, Marcus Noland, Howard Pack
Marcus Noland
The Middle East is a demographic time bomb. According to the United Nations De¬velopment Program’s (UNDP) Arab Human Development Report 2002, the population of the Arab region is expected to increase by around 25 percent between 2000 and 2010 and by 50 to 60 percent by 2020—or by perhaps 150 million people, a fig¬ure equivalent to more than two Egypts. Even under the UNDP’s more conserva¬tive scenario, Bahrain, Kuwait, Qatar, and the United Arab Emirates will be the only Arab countries in 2020 with median ages above 30. These figures suggest that the region as a whole will experience labor …