Governance-constrained growth in the MENA region

Authored by: Robert E. Looney

Governance in the Middle East and North Africa

Print publication date:  December  2012
Online publication date:  February  2013

Print ISBN: 9781857435849
eBook ISBN: 9780203850053
Adobe ISBN:

10.4324/9780203850053-1

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Abstract

I would suggest that the rate at which countries grow is substantially determined by three things: their ability to integrate with the global economy through trade and investment; their capacity to maintain sustainable government finances and sound money; and their ability to put in place an institutional environment in which contracts can be enforced and property rights can be established. I would challenge anyone to identify a country that has done all three of these things and has not grown at a substantial rate. 1

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