From Boom to Bust — and Back? The Crisis of Growth in the Middle East and North Africa

John Page

Chapter 5 in Prospects for Middle Eastern and North African Economies, 1998, pp 133-158 from Palgrave Macmillan

Abstract: Abstract Despite the current growth crisis in the Middle East and North Africa, the historical picture contains both positive and negative elements. In the past the region as a whole outperformed all other regions except East Asia in both per capita income growth and equality of income distribution. But the cycle of economic expansion followed by contraction — boom and bust — was more pronounced in the Middle East and North Africa than in other regions.

Keywords: Foreign Direct Investment; OECD Country; Middle East; Real Exchange Rate; Relative Income (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26137-6_5

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