Economic profiles of arab countries

When you return permanently to the US not on vacation or leaveplease visit the CIA Careers page and apply online for the position of interest. With few exceptions, major business fortunes in the region are accumulated through privilege and patronage. In fact, of the top 10 countries that made tremendous progress in human development during the last 40 years, five were from the Arab world.

In Egypt alone -- hardly a typical case of resource curse -- two-thirds of foreign exchange revenues are derived from oil, aid, and revenues from the Suez Canal.

Egypt is moving at a slower pace and is cautious about the impact that technological transformation will have on unemployment. When it comes to essentials of life, such as food, jobs, shelter, and public services, the state is the provider Economic profiles of arab countries first and last resort.

Arab revolutions had a clear economic underpinning: Arabic speaking countries are immensely diverse from one another in terms of their history, culture, politics, and dialects. Its profits depend less on entrepreneurial abilities and more on access to power.

More than 80 percent of total merchandise exports in many Arab countries consist of oil and gas. Interest is the cost that a borrower of money pays to a lender, expressed as a percentage of the principal loan amount. Many of these young people are not only unemployed, they are also unemployable.

While Arab countries may have failed on multiple fronts, if there is one area where they have had a resounding success it is in expanding access to education. A sharp rise in food prices has further escalated the cost of this social bargain even in countries that are richly endowed with natural resources.

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In Yemen fuel exports constitute 70 percent of total exports. Why should then the demographic transition in the Arab world be feared?

U.S. Department of State

While change brings some chaos, this should not be resisted but managed. The region needs a new social and economic paradigm that is based on a competitive, entrepreneurial, and inclusive private sector.

With the proliferation of electronic and new social media, traditional methods of repression have become less effective.

Economy of the Arab League

Different countries have different rules to determine how temporary, part-time and contract workers are measured. Aid revenues, much like oil, have often stifled economic and political incentives, turning economies away from production to patronage.

Brief Background on Arabic and the Arab World As many as million people around the world speak Arabic, making it the sixth most spoken language. To make matters worse, the Saudi private sector would rather hire expatriates than Saudis.

The Future of Arab Economies

External rents have expanded the public sector, bolstering its ability to dole out subsidies and finance the essentials of life. Neither socialism of the s and s nor the neoliberal economic reform of the s has been able to dismantle this system of centralized control, discretion, and privilege.

As a result, nothing has changed. Country Interest Rates primarily refer to the interest rate set by the central bank or Treasury department of that country, and refer to the rate at which the central bank loans money to commercial banks.

The Economics of the Arab Spring

Before the Bretton Woods agreement, currencies were pegged against the gold the Gold Standardbut today most currencies are trade against each other in open markets, or are pegged to the US dollar, which has become the reserve currency of the world. All Muslims are obliged to use Arabic in prayer.

The state, or rather those in charge of it, had no incentive to change course. The unemployment problem that plagues the Arab world is not likely to ease in the short or medium term.

The economic model and policies pursued did not fully exploit the comparative advantage that the Arab economies had, as other economies did.

But that strategy might have run its course, partly because the forces unleashed by demography and technology have raised the cost of both repression and redistribution. The dependence on hydrocarbons is so pervasive that even in economies that are otherwise considered to be relatively resource-poor, such as Syria and Yemen, exports are dominated by oil.

This, unfortunately, will continue with or without oil. Algeria, which is not examined in this book, is a country where this scencario played out and eventually led to the rise of the Front Islamique du Salut FISor Islamic Salvation Front.The profiles provide demographic data and trends per Arab country for the periodand could serve as a reference for researchers conducting demographic research as well as social research with a population dimension.

BBC Country Profiles: instant guide to history, politics and economic background of countries and territories, and background on key institutions. Department of Economic and Social Affairs Meetings: Publications Back to main page: Countries or Areas Uganda Ukraine United Arab Emirates United Kingdom of Great Britain and Northern.

The paper uses harmonized household survey micro-data to assess the levels and determinants of economic inequality in 12 Arab countries. It focuses on the sources of rural-urban, as well as metropolitan-nonmetropolitan, inequalities and applies the unconditional quantile regression decomposition.

The economic development in the Arab League exhibits a great diversity. There is a significant difference between, on the one hand, the rich oil states of the UAE, Qatar, Kuwait, and Saudi Arabia, and on the other hand, the poor countries like the Comoros, Mauritania and Djibouti.

Arabic LDCs are Arabic speaking countries that show the lowest economic development. Countries like Syria torn by war actually experience contraction in their economy instead of growth and negative GDP as value flows out of the country.

Economic profiles of arab countries
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