Book Launch “Locked Out of Development: Insiders and Outsiders in Arab Capitalism”
Dr Hertog will present the key arguments of his new short monograph “Locked Out of Development: Insiders and Outsiders in Arab Capitalism” published by Cambridge University Press. The book argues against the received wisdom that neo-liberal reforms are the main culprit explaining slow growth, corruption and inequality across low- to mid-income Arab countries. It instead proposes that it is the uneven presence of the state – over-protecting some while neglecting others – that accounts for the region’s lopsided development and creates deep insider-outsider divides in Arab economies.