At the beginning of the twenty-first century countries in the Middle East and North Africa contend with the threats and opportunities of economic globalization, the driving force of change in the contemporary world. As the authors confirm in their straightforward and, at times, irreverent analysis of the regions' response to these challenges, it is globalization which is the key to an understanding of economic reform. Through an investigation of the structures of state and civil society, including financial systems, they also demonstrate that there is a direct correlation between economic performance and democratization. In other words, the more liberal the polity, the more effective is its economy in responding to globalization. With its interesting and incisive approach to the politics and economics of the Middle East and North Africa, this will be an essential purchase for students and policy-makers and anyone trying to come to grips with economic globalization generally.
In this 2010 edition of their book on the economic development of the Middle East and North Africa, Clement Henry and Robert Springborg reflect on what has happened to the region's economy since 2001. How have the various countries in the Middle East responded to the challenges of globalization and to the rise of political Islam, and what changes, for better or for worse, have occurred? Utilizing the country categories they applied in the previous book and further elaborating the significance of the structural power of capital and Islamic finance, they demonstrate how over the past decade the monarchies (as exemplified by Jordan, Morocco and those of the Gulf Cooperation Council) and the conditional democracies (Israel, Turkey and Lebanon) continue to do better than the military dictatorships or 'bullies' (Egypt, Tunisia and now Iran) and 'the bunker states' (Algeria, Iraq, Libya, Sudan, Syria and Yemen).
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