Abstract
This chapter outlines the economic performance of Arabian countries over the last decade. The economic growth of Arabian countries (as measured by real GDP) slowed over 1982–91, averaging 1.6 per cent compared to 4 per cent for other developing countries over the same period. This slowness led to low levels of investment and high levels of unemployment. This was also associated with rising levels of external indebtedness and fiscal deficits, especially for non-oil exporting countries forcing many Arabian countries to undertake macroeconomic reforms to promote economic growth.
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© 2005 Philip Molyneux and Munawar Iqbal
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Molyneux, P., Iqbal, M. (2005). Economic Performance of Arabian Countries during the 1990s. In: Banking and Financial Systems in the Arab World. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1007/978-0-230-51212-2_3
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DOI: https://doi.org/10.1007/978-0-230-51212-2_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-52068-8
Online ISBN: 978-0-230-51212-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)