Long-term trends in the socio-economic development of Arab countries

Abstract: The article analyzes a number of the most important trends, proportions and factors of the economic and social development of the Arab countries over the past four decades, associated with the modern stage of globalization, against the background of other countries and a deeper retrospecti...

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Autor principal:	V. A. Meliantsev
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2020
Materias:	arab countries trends and models of economic growth productivity development indices convergence and divergence institutions inequality and unemployment government efficiency investment climate International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/b41e53622fba426caaf3e2000c7a6fc7
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spelling	oai:doaj.org-article:b41e53622fba426caaf3e2000c7a6fc72021-11-23T14:50:42ZLong-term trends in the socio-economic development of Arab countries2071-81602541-909910.24833/2071-8160-2020-5-74-194-219https://doaj.org/article/b41e53622fba426caaf3e2000c7a6fc72020-11-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1857https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Abstract: The article analyzes a number of the most important trends, proportions and factors of the economic and social development of the Arab countries over the past four decades, associated with the modern stage of globalization, against the background of other countries and a deeper retrospective view. It reveals the extent of Arab countries’ convergence, as well as divergence in the levels of technological, economic and social development with/from leading regions and countries of the developing world and economically advanced states. With all the considerable differentiation that exists between Arab countries in the 1980-2010s, in contrast to a number of other countries and regions of the East and South, the Arab world on the whole has suffered from a significant slowdown in the dynamics of per capita GDP, total factor productivity, human development index and augmented development index.These trends, according to the author’s calculations, are determined not only and not so much by high population growth rates, but by the limited nature of economic and institutional reforms that affect the degree of diversification of production and export structures, share of investments in physical and human capital in GDP, and the quality of labor. Moreover, according to new data and author’s calculations, the level of inequality in income distributionin the Arab world is one of the highest in the world. This and other factors, including geopolitical ones, as well as the increasing number of so-called “failing states” in the region have brought about an increase in socio-political tensions, which is comparable, and even exceeding the level that existed a decade ago, when the Arab Spring phenomenon arose.Under pandemic and global crisis, the economic and social situation in a number of Arab countries is markedly getting worse. In order to ease tensions in the region it is high time to implement a number of reforms aimed at mitigating inequality and simultaneously increasing the purchasing power of the population and expanding domestic markets as well as creating much more favorable investment climate.V. A. MeliantsevMGIMO University Pressarticlearab countriestrends and models of economic growthproductivitydevelopment indicesconvergence and divergenceinstitutionsinequality and unemploymentgovernment efficiencyinvestment climateInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 13, Iss 5, Pp 194-219 (2020)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	arab countries trends and models of economic growth productivity development indices convergence and divergence institutions inequality and unemployment government efficiency investment climate International relations JZ2-6530
spellingShingle	arab countries trends and models of economic growth productivity development indices convergence and divergence institutions inequality and unemployment government efficiency investment climate International relations JZ2-6530 V. A. Meliantsev Long-term trends in the socio-economic development of Arab countries
description	Abstract: The article analyzes a number of the most important trends, proportions and factors of the economic and social development of the Arab countries over the past four decades, associated with the modern stage of globalization, against the background of other countries and a deeper retrospective view. It reveals the extent of Arab countries’ convergence, as well as divergence in the levels of technological, economic and social development with/from leading regions and countries of the developing world and economically advanced states. With all the considerable differentiation that exists between Arab countries in the 1980-2010s, in contrast to a number of other countries and regions of the East and South, the Arab world on the whole has suffered from a significant slowdown in the dynamics of per capita GDP, total factor productivity, human development index and augmented development index.These trends, according to the author’s calculations, are determined not only and not so much by high population growth rates, but by the limited nature of economic and institutional reforms that affect the degree of diversification of production and export structures, share of investments in physical and human capital in GDP, and the quality of labor. Moreover, according to new data and author’s calculations, the level of inequality in income distributionin the Arab world is one of the highest in the world. This and other factors, including geopolitical ones, as well as the increasing number of so-called “failing states” in the region have brought about an increase in socio-political tensions, which is comparable, and even exceeding the level that existed a decade ago, when the Arab Spring phenomenon arose.Under pandemic and global crisis, the economic and social situation in a number of Arab countries is markedly getting worse. In order to ease tensions in the region it is high time to implement a number of reforms aimed at mitigating inequality and simultaneously increasing the purchasing power of the population and expanding domestic markets as well as creating much more favorable investment climate.
format	article
author	V. A. Meliantsev
author_facet	V. A. Meliantsev
author_sort	V. A. Meliantsev
title	Long-term trends in the socio-economic development of Arab countries
title_short	Long-term trends in the socio-economic development of Arab countries
title_full	Long-term trends in the socio-economic development of Arab countries
title_fullStr	Long-term trends in the socio-economic development of Arab countries
title_full_unstemmed	Long-term trends in the socio-economic development of Arab countries
title_sort	long-term trends in the socio-economic development of arab countries
publisher	MGIMO University Press
publishDate	2020
url	https://doaj.org/article/b41e53622fba426caaf3e2000c7a6fc7
work_keys_str_mv	AT vameliantsev longtermtrendsinthesocioeconomicdevelopmentofarabcountries
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Long-term trends in the socio-economic development of Arab countries

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