Oman and Bahrain are Middle Eastern success stories. There are some key similarities. Both have followed pragmatic development strategies built on a stable foundation of strengthened governance structures and enhanced economic liberalization. These improvements occurred in somewhat different...

The International Monetary Fund has imposed its traditional policies in Iraq. Few have considered the consequences. But the author notes that business as usual will probably not work in Iraq, and may well be destructive. He also wonders why there is so little imagination at the IMF.

Because of the presumed guns vs. butter trade-off, defense expenditures in developing countries are coming under increased scrutiny from the international lending agencies as well as key donors. As a result, defense expenditure cuts have often taken place despite rising security concerns....

Pakistan's recent economic acceleration together with rapid rates of population growth is having a significant impact on the country's energy supply/demand balances. Energy supplies in turn affect the pace and pattern of the country's economic expansion. Drawing on the empirically-based complex...