Abstract
The main thesis of this chapter is that ideological differences in the Least-Developed Arab Countries (LDACs) have scarcely produced significant variations in socioeconomic performance. The economy of the ‘socialist’ People’s Democratic Republic of Yemen (South Yemen) is as shambolic as that of the ‘free-market’ Yemen Arab Republic (North Yemen). Both suffer slow or negative economic growth, a balance of payments deficit and poor foreign trade performance; all culminating in staggering economic and political crises. In pursuing this argument a brief account of the history of the emergence of the two Yemens is important in defining the political background to their socioeconomic development policies and the variations in the performance of their economies.KeywordsSaudi ArabiaArab CountryDevelopment AssistanceArab WorldAusterity MeasureThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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