Can the Middle East Make Economic and Social Progress? Vladimir Popov and Jomo Kwame Sundaram

Why do some countries grow faster than others? How do we engineer an economic miracle? Some economists believe that manufacturing growth is like cooking a good dish—all  the needed ingredients should be in the right proportion; if only one is under- or over represented, the ‘chemistry of growth’ will be sub-optimal. Rapid economic growth can only happen if several necessary conditions are met at the same time. Rapid growth is a complicated process requiring a number of crucial inputs— infrastructure, human resources, relatively low economic inequalities, effective state institutions and economic stimuli among others. As ‘binding constraints’ may hold back…

The Political Economy of Confrontation Akmal Hussain

One of the most difficult initiatives for individuals as much as states is to change their policy framework in the face of unpalatable facts. Yet in a moment of crisis, survival sometimes depends on reformulating policy. Such a moment is at hand for Pakistan. During US Senate hearings on 22nd September, the US Secretary of Defense, Leon Panetta and Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, made crystal clear the situation that Pakistan is now faced with, in the sphere of national security: There should be no surprise if the US takes military action against the Haqqani…