An Arab Marshall Plan
The charged and uncertain political climate in the Arab Spring countries constrains economic-reform efforts. In order to create the political space for reform, Arab leaders must underwrite a regional growth pact that facilitates large-scale cross-border investment and dismantles regional trade barriers.
OXFORD – The wave of revolts that swept across the Arab world two years ago were fueled by demands for freedom, bread, and social justice. But, although the revolutions toppled dictators and transformed societies, these core objectives remain as distant as ever. In fact, the economic challenges facing the Arab Spring countries have become even more pressing, weighing heavily on these countries’ political prospects.
OXFORD – The wave of revolts that swept across the Arab world two years ago were fueled by demands for freedom, bread, and social justice. But, although the revolutions toppled dictators and transformed societies, these core objectives remain as distant as ever. In fact, the economic challenges facing the Arab Spring countries have become even more pressing, weighing heavily on these countries’ political prospects.