Locked Out of Development

Discover the intricate dynamics of Arab economies in "Locked Out of Development" by Steffen Hertog, published by Cambridge University Press in 2023. This insightful work, spanning 75 pages, delves into the reasons behind the stagnant growth of low- to mid-income Arab nations. Hertog presents a compelling argument that the low dynamism in these economies stems from a complex web of interconnected factors creating a 'segmented market economy'. He highlights how the divisions between insiders and outsiders among firms and workers significantly hinder development. This essential read offers a unique perspective for economists, policymakers, and anyone interested in understanding the challenges faced by Arab economies today. Don't miss the chance to explore this critical analysis and its implications for future growth.