Although the last three decades represent only the most recent episode of Egypt's "opening up to the world", their impact on the Egyptian economy and society seems much wider and goes much deeper than anything that Egypt had experienced before, this justifies the use of the relatively new term...

This paper develops a theoretical model of direct foreign investment to analyze the changing role of regulatory policies in developing countries in the presence of globalization. The main result is that deregulation is an optimal responde to globalization, at least in countries that face a FDI...

Free Economic Zones (FEZ) have not become increasingly important as developing countries seek to attract foreing investment, in order to promote trade and growth. A large number of FEZs have been put into operation throughout the Arab world, and more are in the planning process.

The paper discusses markets and regulations in MENA air and maritime transport.

Social Security (SS) programs are integral parts of a generous welfare system instituted in the oil economies during the past quarter century. This paper assesses the future viability of these programs with special reference to the case of Kuwait. A review of the financial structure of the SS...

The objective of this paper is to review the renewed interest in the economics of development and the emergence of new concepts in this area. Such concepts go beyond the Washington Consensus by introducing institutional and regulatory conventions in the study of underdeveloped societies....

Issues relating to self employment in developed and developing countries alike have been attracting the attention of researchers recently. This paper examines several aspects of self and wage employment in Turkey. For this purpose, individual level data from the April and October rounds of the...

The paper reviews the status of MENA agriculture trade and policies in relation with the Uraguay Round Agreement on Agricultural and future WTO negotiations.

This paper studies the impact of the financial and economic liberalization in Tunisia since the mid-1980s on the financial structure and behavior of the corporate sector. We analyze the effect of financing constraints, due to market imperfections as well as credit allocation policies, on the...

The paper investigates asymmetry in the slope of the aggregate supply curve in the face of aggregate demand shocks using annual data for ten countries of the Middle East. The evidence is contrasted to a sample of developing countries and a sample of more developed countries. The empirical...