Political and Institutional Roots of Jordan's Economic Underperformance
Abstract
This research delves into Jordans multifaceted economic challenges, highlighting the complex political and institutional factors contributing to its current predicament. The first chapter introduces the research and reviews the literature that attempts to answer a question fundamentally related to the study's subject: Why are some countries more successful economically than others? The second chapter outlines Jordan's most critical economic challenges: high unemployment, poverty, a trade deficit, and an ineffective tax system. The third chapter explores the impact of historical political choices on Jordanian economic growth and shows how the focus on political and security stability during state-building led to the nature of public institutions that did not promote sustainable economic growth. The last chapter concludes this thesis and proposes a set of comprehensive reforms addressing the economic crisis's political and institutional roots. It emphasizes that the economic challenges that Jordan is facing stem mainly from political and institutional roots. Therefore,the path to revitalizing Jordans economy and ensuring long-term stability lies in a comprehensive approach encompassing institutional, economic, and political reforms.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 2023
- Accession Number
- AD1224860
Entities
People
- Marwan A Zoubi
Organizations
- Naval Postgraduate School