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Author: World Bank
Publisher: World Bank Publications
ISBN: 0821398881
Category : Business & Economics
Languages : en
Pages : 71
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Book Description
The report highlights the important links between good governance on a level legal and regulatory playing field, and the ability of investment to stimulate growth. Investment in the Middle East and North Africa (MENA) region has been strong over the last two decades in comparison with Latin America and Eastern Europe. However, in the oil exporting countries, it has been primarily supported by large and expanding public investments. Oil importers, in contrast, have shown more strength in private investment, which has increased in recent years. A concern with reliance on public investment is that in economies with weak governance there is no evidence that public investment stimulates growth. In contrast, in countries with an adequate level of protection of property rights and legal institutions, public investment is strongly linked to growth. The report also makes a strong case for private investment in services and manufacturing as engines of job creation and income growth in the region.
Author: World Bank
Publisher: World Bank Publications
ISBN: 0821398881
Category : Business & Economics
Languages : en
Pages : 71
Get Book Here
Book Description
The report highlights the important links between good governance on a level legal and regulatory playing field, and the ability of investment to stimulate growth. Investment in the Middle East and North Africa (MENA) region has been strong over the last two decades in comparison with Latin America and Eastern Europe. However, in the oil exporting countries, it has been primarily supported by large and expanding public investments. Oil importers, in contrast, have shown more strength in private investment, which has increased in recent years. A concern with reliance on public investment is that in economies with weak governance there is no evidence that public investment stimulates growth. In contrast, in countries with an adequate level of protection of property rights and legal institutions, public investment is strongly linked to growth. The report also makes a strong case for private investment in services and manufacturing as engines of job creation and income growth in the region.
Author:
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
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Book Description
The report highlights the important links between good governance on a level legal and regulatory playing field, and the ability of investment to stimulate growth. Investment in the Middle East and North Africa (MENA) region has been strong over the last two decades in comparison with Latin America and Eastern Europe. However, in the oil exporting countries, it has been primarily supported by large and expanding public investments. Oil importers, in contrast, have shown more strength in private investment, which has increased in recent years. A concern with reliance on public investment is that in economies with weak governance there is no evidence that public investment stimulates growth. In contrast, in countries with an adequate level of protection of property rights and legal institutions, public investment is strongly linked to growth. The report also makes a strong case for private investment in services and manufacturing as engines of job creation and income growth in the region.
Author: World Bank
Publisher: World Bank Publications
ISBN: 082139889X
Category : Africa, North
Languages : en
Pages : 146
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Book Description
"The impact of the global financial and economic crisis on the Middle East and North Africa region was relatively mild. Lack of integration and a large public sector helped insulate the region to some extent, but now these and other factors are slowing down the speed of its economic recovery. The report examines the major factors threatening the recovery and those that obstruct long-term growth, especially non-oil export growth, which in net terms contributed little to regional growth during the past decade, with non-oil exports remaining below potential in many countries in the region. The report emphasizes several major areas in need of policy makers\2019 attention, including restrictive trade policies, particularly those affecting trade in services; governance issues linked to uneven application of rules and regulations; inefficient and inflexible labor markets and scarcity of skills, innovation and technological capabilities."--page xi.
Author:
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ISBN:
Category : Electronic book
Languages : en
Pages :
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Author: World Bank
Publisher: World Bank Publications
ISBN: 1464801142
Category : Business & Economics
Languages : en
Pages : 75
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Book Description
The post-revolutionary economies of MENA - Egypt, Tunisia, Libya and Yemen - have been recovering after a period of growth decelerations in 2011. In Egypt and Tunisia, the growth dips of 2011 were less dramatic than the declines observed during previous transitions. The recovery has been relatively quick but the transition process is far from complete and uncertainty about the political and reform process remains a binding constraint to private investment. Consequently, post-transition growth is below potential and is lower than growth prior to the Arab Spring, with negative consequences for employment and poverty. Events in the post-revolution economies have affected other countries in MENA. Macroeconomic fundamentals weakened in most developing MENA countries in 2011-12 as growth slowed and governments responded to social pressures with expansionary fiscal policies. The regional growth outlook for 2013 reflects weaker expected global economic activity, especially in the EU, and moderating oil prices. Regional economic growth is expected to decelerate to 3.5% in 2013 from 5.5% in 2012. Prolonged political and policy uncertainty and social unrest are serious downside risks to the outlook.
Author: Nemat Shafik
Publisher: Springer
ISBN: 1349261378
Category : Business & Economics
Languages : en
Pages : 334
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Book Description
Economic prospects for the countries of the Middle East and North Africa are assessed in light of the changing world economy, increasing integration of trade and financial markets, greater needs for educated labour, and growing concerns about poverty and environmental degradation. Cross-country papers on thematic topics by international scholars are presented. The need for major economic reforms is emphasized if the region is to use greater integration in the world economy as the basis for generating growth and jobs and reducing poverty.
Author: Banque mondiale
Publisher:
ISBN:
Category :
Languages : en
Pages : 142
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Book Description
Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The objective of this 2009 Middle East and North Africa (MENA) economic developments and prospects is to review the implication of the triple food-fuel-financial crisis for MENA economies. Chapter one reviews the year 2008 and the first few months of 2009. It discusses the impact of the global economic environment and MENA countries' responses to the initial impact of the food-fuel-financial crises. Chapter two reviews MENA countries' prospects for 2009 and 2010 and discusses policies that can be envisaged to mitigate the impact of the global financial crisis on the region. Finally, chapter three goes beyond the short-term concerns about the current crisis and discusses structural factors that affect MENA countries' vulnerability to shocks and their flexibility and ability to respond to future crises. The main conclusions of the report are: (a) the effect of the crisis depends on countries' exposure to affected markets and commodities as well as on their initial macroeconomic conditions and policies; and (b) in terms of impact on the real economy, the MENA region held up well in 2008, with average Gross Domestic Product (GDP) growth remaining steady while other regions experienced declining growth.
Author: Mohamed Sami Ben Ali
Publisher: Palgrave Macmillan
ISBN: 9781349559183
Category : Business & Economics
Languages : en
Pages : 227
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Book Description
Using cases on individual countries, Economic Development in the Middle East and North Africa offers diverse theoretical and empirical evidence on a variety of issues facing policymakers, investors, and other stakeholders in the region.
