Global links seen crucial to growth in Middle East

06/28/2004
The cultural and political turbulence of the Middle East has a demographic dimension with potential to aggravate or relieve growing tensions.A new report by Marcus Noland and Howard Pack of the Institute for International Economics, citing projections that the Arab world's population will gain the equivalent of two Egypts by 2020, calls the Middle East "a demographic time bomb."The authors dispute assertions that Islam is to blame for economic underperformance of the Middle East. But they underscore the urgent need for improvement. To create jobs as fast as the labor market is expected to grow, Arab countries of the Middle East will have to invest at rates of about 30% of gross domest...
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