This Element argues that the low dynamism of low- to mid-income Arab economies is explained with a set of inter-connected factors constituting a 'segmented market economy'. It explains how divisions between insiders and outsiders among firms and workers in the Arab world hold back development.
This Element argues that the low dynamism of low- to mid-income Arab economies is explained with a set of inter-connected factors constituting a 'segmented market economy'. It explains how divisions between insiders and outsiders among firms and workers in the Arab world hold back development.
1. Introduction: Arab capitalism 2. Historical roots 3. Over-ambitious states 4. A segmented labor market 5. A segmented business sector 6. Skills 7. Individual country outcomes and alternative explanations 8. Is Egypt the future? 9. Comparative puzzles and gaps 10. Conclusion Bibliography.
1. Introduction: Arab capitalism 2. Historical roots 3. Over-ambitious states 4. A segmented labor market 5. A segmented business sector 6. Skills 7. Individual country outcomes and alternative explanations 8. Is Egypt the future? 9. Comparative puzzles and gaps 10. Conclusion Bibliography.
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