Published by the Malcolm H. Kerr Carnegie Middle East Center, Political Economy Program
The Middle East and North Africa is marked by inequalities that are becoming structural rather than cyclical. This commentary argues that the consequences run well beyond distributional fairness: they bear on growth, on social cohesion, and ultimately on political stability across the region.
The framing matters for anyone assessing sovereign or corporate risk in the region. Inequality that is anchoring itself — embedded in labour markets, in access to capital, in the distribution of public spending — is a slow variable. It does not move quarterly, and it does not appear in the indicators most models watch. But it sets the conditions under which the faster variables eventually break.
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