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Although in some countries economic performance in the mid-to-late s was considerably better than in the previous ten years, in no country has growth been strong enough to lower unemployment or significantly raise real wages and living standards, as has happened in East Asia….

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Nor is there strong evidence that countries that embraced much of the Washington Consensus performed markedly better than those who eschewed many of the recommended changes pp. While the Bush administration is not taken directly to task, the message is there. From the start, U. The economy collapsed, unemployment quickly rose to over 40 percent, and the country descended into chaos with no institutions or governmental safety nets in place to buffer the average Iraqi.

What does the future hold? Wisely, the authors do not make any sweeping speculations other than simply to warn that the forces are at work to move the region toward greater instability:. Thus, without tested models, without long-term strategies, and amid rising political violence, the Middle East has entered a period of uncertainty. In part, the successes of recent decades, especially the establishment of a diverse, better-educated middle class with growing expectations, will make the immediate future particularly challenging.

If the book has a shortcoming, it might be the limited space devoted to globalization. The Middle East stands out as the least globalized area in the world. Arab intellectuals in particular are increasingly stressing the threat posed by globalization to their societies and ways of life.

In recent years, a new wave of Arab writings on globalization have put forth the argument that Islamic nationalism, even in its most militant form, should be seen as a direct response to the cultural side effects of economic globalization. Why is globalization commonly viewed within the region as an American phenomenon? To some extent, the perceived failures of globalization throughout the region have fanned anti-Americanism and helped spawn a wave of new recruits to extremist causes.

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Strengthening Institutions in Tunisia | Crisis Group

While bits and pieces of this theme are touched on, given its contemporary importance, it would have been nice to see a new chapter devoted to this topic in the third edition. A brief review can never convey the richness and depth of works like A Political Economy of the Middle East.

Those looking for quick, easy answers to many of the leading issues of the day will be disappointed. There are no one-page action plans or sets of bullet points that lend themselves to solving difficult challenges.

Strengthening Institutions in Tunisia

And in this case, they can refute all the forecasts of Western economic decline. Indeed, in the years ahead, the United States and Europe could once again become locomotives for global economic growth. This is not to say that the crises were worth the pain; they most definitely were not. There is palpable suffering on both sides of the Atlantic due to unemployment and government austerity measures.

It is tragic that so many people have lost their jobs and will never recover them. And it is socially corrosive that the crises have accentuated existing trends toward greater income inequality. But these events happened, and the subject being addressed here is their long-term impact.

The U.

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This site uses cookies to improve your user experience. There is palpable suffering on both sides of the Atlantic due to unemployment and government austerity measures. It is tragic that so many people have lost their jobs and will never recover them.


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And it is socially corrosive that the crises have accentuated existing trends toward greater income inequality. But these events happened, and the subject being addressed here is their long-term impact. The U.

The political logic of economic restructuring in the Middle East

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