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Economic Performance of Arabian Countries during the 1990s

In: Banking and Financial Systems in the Arab World

Author

Listed:
  • Philip Molyneux

    (University of Wales Bangor)

  • Munawar Iqbal

    (Islamic Research and Training Institute, Islamic Development Bank)

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.

Suggested Citation

  • Philip Molyneux & Munawar Iqbal, 2005. "Economic Performance of Arabian Countries during the 1990s," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Banking and Financial Systems in the Arab World, chapter 3, pages 43-73, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-51212-2_3
    DOI: 10.1007/978-0-230-51212-2_3
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