About the product
The main objective of this study is to analyze economic institutions and examine their role in transforming the economies of developing countries. This report draws on the experiences of two ESCWA member countries, Egypt and Syria. These two countries were chosen to compare the impact of institutional reforms in a country that implemented a programme of economic and institutional reform, as in Egypt, against a country that introduced only limited institutional reform and gradual economic policy reform as in Syria. The ultimate aim of economic institutions is to promote economic growth and development, which the command economy has failed to do for developing countries.