Endangered Species: Why Muslim Economies Fail
by Steven Schlossstein
Category: Business & Economics

In 1963, average per capita income in the Arab world was higher than the per capita income of South Korea. Today, it is half that of Korea, which is now the eleventh largest economy in the world. What's worse, during the past twenty years, growth in per capita income for Arabs has been the lowest in the world except for sub-Saharan Africa. Islamic terrorism and militant suicide bombers now symbolize a region known all too long for its soaring rates of population growth, widespread illiteracy, and numbing poverty. Endangered Species documents critical lessons that the Arab world can learn from Beijing and Tokyo ? the fast growing tigers of the Far East ? not Washington.