Chapter

Introduction

Magdi Amin, Ragui Assaad, Nazar al-Baharna, Kemal Derviş, Raj M. Desai, Navtej S. Dhillon, Ahmed Galal, Hafez Ghanem, Carol Graham, Daniel Kaufmann, Homi Kharas, John Page, Djavad Salehi-Isfahani, Katherine Sierra and Tarik M. Yousef

in After the Spring

Published in print May 2012 | ISBN: 9780199924929
Published online May 2012 | e-ISBN: 9780199949427 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199924929.003.0001
Introduction

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Economic reform and democratization are the twin challenges for Arab countries after the Arab spring. In this, there are four separate but interrelated “transitions” that Arab states must undergo to meet the challenges of the twenty-first century: (1) an intergenerational transition toward meeting the economic needs of the large youth population in the region; (2) the modernization of the public sector; (3) the establishment of confidence in the private sector; and (4) integration in global markets and global institutions. The chapter also explores some key challenges that pose an immediate threat to sound economic policy making in the Arab world.

Keywords: economic reform; democratization; arab youth; public sector; private sector; global institutions

Chapter.  8616 words.  Illustrated.

Subjects: Economic Development and Growth

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