Abstract:

Assuming a minimum of peace and political stability can be achieved in the Middle East, free-market economic strategies should be implemented. These should include, among others, privatisation programs of State enterprises, coupled with development of stock exchanges to drain both domestic and foreign capital, similar to the successful programs recently carried out in countries as different as Argentina, Brazil, Chile, Malaysia, Mexico, India, South Korea, Taiwan or Thailand for instance. The following areas appear to offer promising development opportunities: -Tourism, Industry, Finance, Communications.