Several studies suggest that the more open an economy is, the more vulnerable it will be to major global events and what is happening in neighbouring countries. This column summarises empirical evidence that goes against this narrative of the importance of such ‘external shocks’. In the context of the transition towards a knowledge-based economy in Syria, internal shocks have a stronger impact.
The race for natural resources to power the simultaneous energy and digital transitions the world is experiencing rages among the major powers. As this Brookings column argues, appropriate transnational governance is essential to achieving an orderly, sustainable and inclusive exploitation of natural resources.
A new handbook on the Middle East economy has just been published. As the volume’s editor explains in this column, knowledge of Middle Eastern economies as an autonomous field within economics is of relatively recent origins and has evolved in uneven ways.
What is the impact of trade with China on growth in the Middle East and North Africa? This column presents new findings that reveal the absolute dominance of China's growth in generating positive spillover effects for the region.
Since the establishment of the Kurdistan region of Iraq in 1992, international aid has played an important role in development of the region. This column outlines the effects before and after the war.
Loans made by the International Monetary Fund are supposed to be based mainly on technical economic considerations. But as this column explains, international politics can play a key role in the IMF’s lending decisions. What’s more, domestic politics in recipient countries can have a significant impact on the outcomes of loans, with democratic regimes more likely to experience economic benefits.