The Political Economy of the MENA
What is the scope of 'political economy'?
Political economy deals with the scope of the decision-making process of such shares. It concerns how economic choices in a country are affected by politics.
What are the reasons for the weaknesses of the economies in the MENA region?
lack of economic diversification, youth unemployment, political instability, and corruption
What is 'Rentier State Theory'?
Rentier State Theory is used to describe a state substantially depending on externally generated rents for their economy.
From which MENA countries the most considerable contribution to the regional increase in population will come?
Iraq, Egypt, and Palestine
Which MENA countries are counted as 'Developing Oil Importer Countries'?
Egypt, Jordan, Lebanon, Tunisia, Morocco, Palestine, and Djibouti
Which country is the only resource-poor and labor-poor (RPLP) country in the MENA region?_
Israel is the only resource-poor and labor-poor (RPLP) country in the region
In which level is Turkey located according to the level of income among the MENA countries?
Turkey is classified as an upper-middle-income country among the MENA countries.
Why did Bahrain have a vulnerable economic situation when the oil prices decreased?
because of its limited savings, high external borrowing, and low cash reserves
Which MENA countries allocate the highest share of GDP in health expenditures according to IMF World Economic Outlook?
Iran and Lebanon allocate the highest share of GDP in health expenditures according to IMF World Economic Outlook.
What is 'golbalization'?
Globalization “is a label that is presently in vogue to account for peoples, activities, norms, ideas, goods, services, and currencies that are decreasingly confined to a particular geographic space and its local and established practices” (Rosenau, 1997).
According to the World Bank, which MENA countries were considered to be the early reformers as the main driver of growth by improvement in total factor productivity
Jordan, Morocco, and Tunisia
Who are the GCC countries in the MENA region?
Qatar, Kuwait, Saudi Arabia, United Arab Emirates (UAE), Oman, and Bahrain.
The ongoing integration tools, especially in infrastructure, and assessing common obstacles would help to gain acceleration for regional integration. What are the What is is one of the primary mechanisms for this acceleration?
Labor market strategy is one of the primary mechanisms for this acceleration.
Which gulf region country has the highest Openness Total Trade/GDP percentage?
UAE
In which year was the free trade agreement (FTA) between the US and Bahrain signed? in 2005
In 2005
What is Free Market Ideology?
The free market is an economic system based on supply and demand with little or no government control. It is a summary description of all voluntary exchanges that take place in a given economic environment. Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions.
Whic country is the wealthiest one in the MENA region
Saudi Arabia is the wealthiest country in the MENA region.
What s the main objective of the Saudi Vision 2030 project?
The main objective of this project is to reduce the country’s dependence on oil.
What are the reasons of the effects of the recent economic conflicts after the Covid-19 pandemic across the world on the MENA region?
The turmoil in global markets, recent oil price shocks, and the economic slowdown in major trading partners
Which conflicts had slowed the rapid growth of globalization in the MENA region?
The 2008-09 Global Financial Crisis and the Arab uprisings in 2011