International Trade and Finance Association Working Papers 2007
Investment and Entrepreneurship in Arab and Muslim-Majority Countries: The Case of Free ZonesLarry Nowicki, University of Paris (France) Download the Paper (PDF format) - August 16, 2007 Tell a colleague about it. Printing Tips: Select 'print as image' in the Acrobat print dialog if you have trouble printing. 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. SUGGESTED CITATION:
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