Islam, Globalization, and Economic Performance in the Middle East | Zendy

Marcus Noland | Zendy; Howard Pack | Zendy

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Islam, Globalization, and Economic Performance in the Middle East

Author(s) -

Marcus Noland,

Howard Pack

Publication year - 2004

Publication title -

the sais review of international affairs

Language(s) - English

Resource type - Journals

eISSN - 1945-4724

pISSN - 1945-4716

DOI - 10.1353/sais.2004.0039

Subject(s) - virtuous circle and vicious circle , globalization , middle east , islam , development economics , economic globalization , public opinion , economic integration , economics , economic system , political science , geography , international trade , market economy , archaeology , law , politics , macroeconomics

The Middle East is a demographic time bomb: the economy must grow 5-6 percent annually for the next two decades to absorb new entrants to the labor force. The only plausible way for this to occur is through a successful process of cross-border economic integration. Islam itself is not an impediment, but public opinion harbors reservations about globalization. This can create a vicious circle in which insecurity in both its economic and cultural dimensions precludes those measures necessary to accelerate growth.

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