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Investment and Entrepreneurship in Arab and Muslim-Majority Countries: The Case of Free Zones

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Author Info
Larry Nowicki (University of Paris (France))
Abstract

This contribution seeks to analyze recent investment trends and entrepreneurship in the free zones and industrial estates of Arab and Muslim-majority countries. Two types or strands of conventional wisdom are challenged. The first strand concerns the impact and potential of free zones in promoting long-term economic growth and development. The second strand concerns the growth potential of Arab and Muslim-majority countries. In a departure from mainstream, neo-classical theory and policy, an institutionalist approach is employed. The critical role of the state in guaranteeing either free zone entrepreneurship and growth or free zone stagnation and decline is examined. This paper was presented at the 17th International Conference of the International Trade and Finance Association, Miami, Florida, May 17-20, 2007.

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Paper provided by International Trade and Finance Association in its series International Trade and Finance Association Conference Papers with number 1097.

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Date of creation: 16 Aug 2007
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Handle: RePEc:bep:itfapp:1097

Note: oai:cdlib1:itfa-1097
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