While oil wealth has enriched some Middle East Arab nations, others that lack oil resources have remained poor and are looking now to their oil-rich neighbors for development assistance. This collection of studies on the economic, social, and political relationships between the haves and the have-nots in the Middle East focuses on Egypt-the largest state in the region-and on its prospects for change based on financial assistance from other Arab countries.The authors have many disagreements about the future of both rich and poor nations in the Middle East and considerable skepticism about the possibility of transforming Egypt, but they do agree that the future must be projected in the framework of a new regional order in which oil wealth, labor migration, and liberalized national economies are fundamental realities.

This book seeks to explain the political and religious factors leading to the economic reversal of fortunes between Europe and the Middle East.

Like the robber barons of the 19th century Gilded Age, a new and proliferating crop of billionaires is driving rapid development and industrialization in poor countries. The accelerated industrial growth spurs economic prosperity for some, but it also widens the gap between the super rich and the rest of the population, especially the very poor. In Rich People Poor Countries, Caroline Freund identifies and analyzes nearly 700 emerging-market billionaires whose net worth adds up to more than $2 trillion. Freund finds that these titans of industry are propelling poor countries out of their small-scale production and agricultural past and into a future of multinational industry and service-based mega firms. And more often than not, the new billionaires are using their newfound acumen to navigate the globalized economy, without necessarily relying on political connections, inheritance, or privileged access to resources. This story of emerging-market billionaires and the global businesses they create dramatically illuminates the process of industrialization in the modern world economy.

The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms.

Focused on three Egyptian revolutions—in 1919, 1952, and 2011—this edited book argues that each of these revolutions is a milestone which represents a meaningful turning point in modern Egyptian history. Revolutions are typically characterized by a fundamental change in political and social infrastructures as well as in the establishment of new values and norms. However, it should be noted that this may not be entirely applicable when examining the context of the three Egyptian revolutions: the 1919 revolution failed to liberate Egypt from British colonial hegemony; the 1952 revolution failed to rework the country’s social and economic systems and unify the Arab world; and the "Arab Spring" revolution of 2011 culminated in a chaotic economic and social catastrophe, thus failing to solve the young generation’s crisis. Nevertheless, by revisiting and re-defining these revolutions through diverse theoretical frameworks, the book proposes that each of them played a significant role in shaping Egypt’s political, social, and cultural identity. This book is specifically of interest for students, historians, and social scientists with a keen interest in Egyptian history and the Middle East, offering fresh perspectives and insights into these transformative moments in Egypt’s history.

The Arab world increasingly falls into two divisions, the capital-poor and the capital-rich countries (where capital means, in essence, oil). In the capital-rich countries shortage of labour is the chief constraint on growth. In the capital-poor countries analysis of the labour market is equally central, as shortage of labour compounds the already existing problem of shortage of capital. This book surveys the labour markets of the Arab world state by state, evaluating them by demand and supply analysis, and analysing the different elements in trends of employment. It forecasts the areas of stress in the next decade and suggests ways of minimising them. The book, based on much previously unpublished information and on extensive on-the-spot research in the respective Arab countries, sets out the economic and social conditions which underly the impending crisis of development in the Arab region. First published in 1980.