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- W3010336238 abstract "Abstract This article argues that the low dynamism of low- to mid-income Arab economies is explained with a set of interconnected factors that constitute a particular variety of capitalism which we call ‘segmented market economy’. These include an over-committed and interventionist state; deep insider–outsider divides in private sectors and labor markets that result from and reinforce lopsided state intervention; and an equilibrium of low skills and low productivity that results from and reinforces insider–outsider divides. These mutually reinforcing features undermine encompassing cooperation between state, business and labor. While some of these features are generic to developing countries, others are regionally specific, including the relative importance and historical ambition of the state in the economy and, closely related, the relative size and rigidity of the insider coalitions created through government intervention. Insiders and outsiders exist everywhere, but the divisions are particularly stark, immovable and consequential in the Arab world." @default.
- W3010336238 created "2020-03-13" @default.
- W3010336238 creator A5051763579 @default.
- W3010336238 date "2020-04-13" @default.
- W3010336238 modified "2023-09-25" @default.
- W3010336238 title "Segmented market economies in the Arab world: the political economy of insider–outsider divisions" @default.
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- W3010336238 doi "https://doi.org/10.1093/ser/mwaa016" @default.
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