Chapter Four Impacts of Public Policy on Poverty in Arab Countries: Review of the CGE Literature

Over the last two decades, developing countries have witnessed major macroeconomic shocks that have had significant impacts on the level of poverty and the distribution of incomes in these countries. Some of these shocks are the result of fluctuations in the world prices of crucial developing countries export products, whereas others are endogenously produced by economic policy reforms such as structural adjustment programs and trade liberalization that have been implemented by these countries during the period.