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List of tables and figures |
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viii | |
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1 | (14) |
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1 | (1) |
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2 | (1) |
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3 | (1) |
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Perspectives on development |
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4 | (2) |
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6 | (1) |
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7 | (1) |
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8 | (4) |
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Regional versus country perspectives |
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12 | (3) |
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2 Modelling Middle East economic development |
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15 | (12) |
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Three theoretical explanations of underdevelopment |
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15 | (1) |
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The stages of economic growth in the Middle East |
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16 | (1) |
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The theory of dependency and the "flying geese" metaphor |
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17 | (2) |
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Pre-conditions for self-sustaining development |
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19 | (1) |
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Middle East markets as bazaar economies |
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20 | (2) |
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Theories of the role of the state |
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22 | (4) |
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Theorising on Middle Eastern development |
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26 | (1) |
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3 Growth and structural change |
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27 | (21) |
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27 | (1) |
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Gross domestic and gross national product (GDP and GNP) |
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28 | (3) |
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31 | (1) |
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32 | (2) |
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Investment in transport and infrastructure |
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34 | (1) |
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The state of land and agriculture |
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35 | (2) |
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Industrialisation and development |
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37 | (3) |
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The contribution of services to economic activity |
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40 | (2) |
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Economic structure and development |
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42 | (2) |
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Leading sectors and unbalanced growth |
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44 | (2) |
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Modernisation and structural transformation |
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46 | (2) |
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4 Population growth and employment |
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48 | (19) |
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The demographic transition |
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48 | (3) |
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Education and human capital formation |
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51 | (5) |
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Manpower planning and career choice |
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56 | (1) |
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57 | (2) |
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Unemployment and underemployment |
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59 | (1) |
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Urbanisation and population distribution |
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60 | (1) |
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61 | (2) |
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The economic effects of international labour mobility |
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63 | (2) |
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Social costs and benefits of migration for the host country |
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65 | (2) |
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5 Capital markets, savings and investment |
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67 | (19) |
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68 | (1) |
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Financial intermediation and development |
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69 | (1) |
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The spread of indigenous banks |
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70 | (2) |
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Nationalisation of banking |
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72 | (1) |
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73 | (1) |
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74 | (2) |
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Currency standards and exchange |
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76 | (2) |
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International borrowing and government debt |
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78 | (1) |
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Financial flows and the financing gap |
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78 | (1) |
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79 | (2) |
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Stock market development and equity finance |
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81 | (2) |
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83 | (3) |
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6 An Islamic model for economic development |
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86 | (21) |
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The position of Islamic economists |
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87 | (2) |
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The methodology of western and Islamic economics |
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89 | (1) |
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Sources of Islamic economic philosophy |
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90 | (1) |
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Islamic views on trade and commercial activity |
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91 | (2) |
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Just rewards in an Islamic economy |
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93 | (2) |
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Incentives and aspirations in Muslim society |
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95 | (1) |
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96 | (3) |
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99 | (1) |
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99 | (2) |
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101 | (2) |
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Islamic banking development |
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103 | (2) |
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105 | (1) |
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106 | (1) |
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106 | (1) |
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107 | (23) |
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The costs of oil extraction |
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107 | (1) |
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Quality, price and demand |
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108 | (2) |
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The politics of oil supply |
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110 | (2) |
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OPEC control over supplies |
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112 | (1) |
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113 | (1) |
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114 | (2) |
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Limit pricing with OPEC as the residual supplier |
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116 | (1) |
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Optimal depletion and time preferences |
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117 | (1) |
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Oil reserves and production |
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117 | (2) |
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119 | (1) |
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Predicted and actual oil prices |
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120 | (1) |
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Spot, future and options oil pricing |
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121 | (3) |
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Oil products and refining |
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124 | (1) |
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Downstream diversification into petrochemicals |
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125 | (1) |
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Gas reserves and production |
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126 | (2) |
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128 | (2) |
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8 International and intra-regional trade |
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130 | (20) |
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131 | (1) |
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Commodity and merchandise trade |
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132 | (2) |
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134 | (1) |
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135 | (3) |
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138 | (1) |
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Euro-Arab trading relations |
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138 | (3) |
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Europe and Arab-Israeli differences |
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141 | (2) |
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Oil and petrochemical trade |
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143 | (1) |
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Foreign receipts and payments for commercial services |
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144 | (1) |
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Arab economic integration |
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145 | (2) |
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The extent of regional trade |
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147 | (2) |
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149 | (1) |
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150 | (22) |
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Governments and economic decision taking |
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150 | (2) |
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Economic power and appropriation |
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152 | (1) |
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153 | (3) |
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The military expenditure priority |
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156 | (3) |
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159 | (1) |
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160 | (2) |
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Economic liberalisation and structural adjustment |
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162 | (1) |
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Nationalisation and privatisation |
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163 | (3) |
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Development and democracy |
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166 | (1) |
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Perceptions of corruption and the Arab Spring |
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167 | (5) |
| Notes |
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172 | (13) |
| Bibliography |
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185 | (11) |
| Index |
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196 | |
