Development Of Financial Markets In The Arab Countries Iran And Turkey

This book aims to trace and point out the recent developments occurred in the Arab Economy in the last two decades, including trends toward integration, liberalisation, and globalisation. This book indicates the most recent changes in the Arab Financial Institutions including banks, insurance companies, pension funds and other financial institutions. There is also the discussion of issues in market stability and efficiency in the light of new Arab environment of stock trading. This book is a comprehensive text covering the Arab Financial Sector.

Globalization—the intensification of international trade and finance linkages underpinned by economic liberalization and technological change—presents both challenges and opportunities to Arab countries. After reviewing this region’s disappointing performance in integration and growth, this paper analyzes the empirical relationship between the two and concludes that integration is necessary if high growth rates are to be attained and the region is not to become marginalized. It then identifies the main obstacles to the integration of Arab countries into the world economy and reviews recent progress in overcoming them. On this basis, the paper derives some policy prescriptions.

Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.

This paper provides an economic overview of the very diverse countries within the large geographical area. It highlights the economic challenges and opportunities facing the MENA region, the policies pursued by the countries in the region, and the outlook for the external environment. The paper concludes with eight policy recommendations.

This book presents the latest empirical findings on stock markets in a number of emerging markets. The authors employ the latest techniques and provide valuable insights into each market, highlighting global integration, their potential for profitable investments and features that will be influential in global portfolio decision-making.

This title was first published in 2002. In 2000, a major international conference was organized by the Arab Planning Institute to identify, analyze and compare development challenges facing Arab countries at the dawn of the new millennium. An interdisciplinary team of scholars were brought together from the fields of regional science, development studies, economics, business and government policy and together they addressed global, regional and domestic challenges and their impact on the Arab region. This volume brings together the best papers presented at this conference. In doing so, it offers up-to-date insights into, and a clearer understanding of this region. It highlights issues including: economic and social implications of globalization; strategic alliances; the implications for Arab countries of emerging technological patterns; the impact of the European Monetary Union and the euro; Arab regional integration; education; and the development of individual Arab country's economies.

The Gulf Cooperation Council (GCC) countries face important policy challenges and opportunities. This paper covers the economic developments and policies since 1980; the impact of the GCC's external environment; the medium-term economic prospects; the broad outlines of a common adjustment and reform strategy, and the implications of adjustment in the GCC countries on the rest of the Middle East and North Africa region.