Chapter

The Political Economy of Industrial Policy in the Middle East and North Africa

Ahmed Galal

in Industrial Policy in the Middle East and North Africa

Published by American University in Cairo Press

Published in print April 2008 | ISBN: 9789774160509
Published online September 2011 | e-ISBN: 9781617970290 | DOI: http://dx.doi.org/10.5743/cairo/9789774160509.003.0006
The Political Economy of Industrial Policy in the Middle East and North Africa

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The political economy of the country determines not only what types of industrial policies are pursued, but may also determine which group will benefit and which will be harmed. MENA countries maintained strong roles for the government and policies of significant government intervention in production and economic planning. Economic justifications alone cannot fully explain the nature and effects of industrial policy on performance; political factors are central. Political economy factors are thus central to understanding the industrial policy experience of the MENA region. The lack of interest groups emerging to press for change has hindered the region's move toward more functional, market-friendly policies for growth—a phenomenon closely linked to the weaknesses in governance. The ultimate outcome will be largely determined by each country's initial conditions and individual political economy factors.

Keywords: policies; production; MENA countries; weaknesses; governance

Chapter.  10109 words.  Illustrated.

Subjects: International Relations

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