Jordan has one of the smallest economies in the Middle East, and its lack of natural resources and water scarcity make it heavily dependent on foreign aid and foreign investment. Following the global financial crisis of 2008 growth slowed significantly; the deteriorating regional situation since 2011 and subsequent mass influx of Syrian refugees has made recovery difficult, ...» more
Economic growth
Impact of economic sanctions on poverty and economic growth
Key findings are as follows: Economic sanctions lead to an increase in the poverty gap and deprived sections of the population feel the most impact. For the most part sanctions fail to achieve their aims and elites manage to negotiate the adverse effects to a far greater level than poorer citizens. Sanctions have a damaging effect on income inequality and impact ...» more
Governance, politics and growth
In recent years, there has been an increasing realisation that political institutions and governance matter when explaining economic growth in developing countries. Here, political institutions refer to the process of collective decision-making and the checks on politicians and politically and economically powerful interest groups. Governance refers to the capability of the state to provide public…» more
Taxation, governance and growth
Historically, tax research has been dominated by two questions: how to enhance revenue collection in order to finance redistribution and public goods and services, and how to design tax policy to strengthen incentives for economic growth (Joshi et al. 2014; Moore 2013). However, the past decade has witnessed surging interests in a third possibility: that…» more
State-business relations
State-business relations in low income countries are seen as a key determinant of inclusive growth and of structural transformation – shifts in economic structure to more productive activities and sectors. Effective state-business relations can boost economic growth by increasing the rate and the productivity of investment. State-business relations can take the form of ...» more
