The “Uncanny” Writ Regional

Kiren Aziz Chaudhry

Chapter 2 in Rebuilding Devastated Economies in the Middle East, 2007, pp 23-54 from Palgrave Macmillan

Abstract: Abstract It is common to note that by international standards, the region of the Middle East and North Africa (MENA) has relatively low levels of poverty and economic inequality (UNDP/RBAS 2002, 2003; Gardner 2003). Although this fact appears to belie the association commonly made between levels of social instability and economic deprivation, it also suggests that standard indicia of economic well-being might be poor predictors of broader social outcomes. Most importantly, it highlights the limits of comparisons conducted at a macroeconomic level: what does it mean to juxtapose a region that has had access to roughly 20,046 billion dollars in oil revenues between 1974 and 1996 and 784 billion dollars in aid from 1970 to 2003, with countries characterized by enduring and dramatic capital scarcities?

Keywords: Gross Domestic Product; Saudi Arabia; Arab World; Gross Domestic Product Growth; Gulf Cooperation Council (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60929-7_2

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DOI: 10.1057/9780230609297_2

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