Titlebook: Aid and Power in the Arab World; IMF and World Bank P Jane Harrigan,Hamed El-Said Book 2009 Jane Harrigan and Hamed El-Said 2009 globalizat

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,Egypt’s Successful Stabilisation without Structural Reform,f external funding especially in the form of the large and lenient US aid programme. In addition the successful stabilisation programme brought problems of its own, especially in the form of capital inflows and associated real exchange rate appreciation leading to Dutch Disease type effects in the e

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Alexander Niedermeier,Wolfram Ridderic indicators, and substantially reduced poverty rates (Lamloun and Hibou 2002). Compared to Tunisia most of the rest of the MENA region seems to have had somewhat disappointing results after implementing Structural Adjustment Programmes (Dasgupta et al 2001, Nabli and Veganzones-Varoudakis 2007).

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https://doi.org/10.1007/978-3-662-26511-6potheses we chose four countries to study in-depth: Egypt, Jordan, Tunisia and Morocco. These were chosen as they have been put forward by both the IMF and the World Bank as successful reformers (Pfiefer 1999), who, for prolonged periods carried out World Bank and IMF guided economic reform programmes.

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