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Author: Devarajan, Shantayanan
Publisher: World Bank Publications
ISBN: 1464809909
Category : Growth
Languages : en
Pages : 76
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Book Description
"The year 2016 appears to be one of the toughest for the Middle East and North Africa (MENA) region as their governments face serious policy challenges. The biggest challenge for oil exporters is managing their finances and diversification strategies with oil below $45 a barrel. Fiscal consolidation in a difficult sociopolitical environment and spillovers from conflicts are creating challenges for oil importers as well. Real GOP growth in MENA for 2016 is projected to fall to its lowest level since 2013 -- 2.3 percent -- lower than last year's growth by half a percentage point and about one percentage point lower than predicted in April 2016. It is clear that the disappointing performance of the MENA economies, and possibly the global economy, is partly due to the rise of terrorist attacks and spread of violent extremism. In this report, we attempt to shed light on the underlying causes of this phenomenon by applying an economic perspective to the demand for and supply of violent extremists. Looking at a dataset on foreign fighters joining Daesh, we find that the factors most strongly associated with foreign individuals' joining Daesh have to do with a lack of inclusion -- economic, social and religious -- in their country of origin. Promoting greater inclusion, therefore, could not only bring down the level of violent extremism, but it could improve economic performance in the MENA region."
Author: Devarajan, Shantayanan
Publisher: World Bank Publications
ISBN: 1464809909
Category : Growth
Languages : en
Pages : 76
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Book Description
"The year 2016 appears to be one of the toughest for the Middle East and North Africa (MENA) region as their governments face serious policy challenges. The biggest challenge for oil exporters is managing their finances and diversification strategies with oil below $45 a barrel. Fiscal consolidation in a difficult sociopolitical environment and spillovers from conflicts are creating challenges for oil importers as well. Real GOP growth in MENA for 2016 is projected to fall to its lowest level since 2013 -- 2.3 percent -- lower than last year's growth by half a percentage point and about one percentage point lower than predicted in April 2016. It is clear that the disappointing performance of the MENA economies, and possibly the global economy, is partly due to the rise of terrorist attacks and spread of violent extremism. In this report, we attempt to shed light on the underlying causes of this phenomenon by applying an economic perspective to the demand for and supply of violent extremists. Looking at a dataset on foreign fighters joining Daesh, we find that the factors most strongly associated with foreign individuals' joining Daesh have to do with a lack of inclusion -- economic, social and religious -- in their country of origin. Promoting greater inclusion, therefore, could not only bring down the level of violent extremism, but it could improve economic performance in the MENA region."
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 1464804427
Category : Business & Economics
Languages : en
Pages : 54
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Book Description
The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers.
Author: Rabah Arezki
Publisher: World Bank Publications
ISBN: 1464813671
Category : Business & Economics
Languages : en
Pages : 98
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Book Description
"After a sharp fall in 2017, economic growth in MENA is projected to rebound to 3.1 percent in 2018, thanks to the positive global outlook, oil prices stabilizing at relatively higher levels, stabilization policies and reforms, and recovery and reconstruction as conflicts recede. The outlook for MENA remains positive, and the growth rebound is expected to gain momentum over the next two years, exceeding 3 percent in 2020. While stabilization policies have helped economies adjust in recent years, .a second phase of reforms is needed should be transformative if the region is to reach its potential and create jobs for hundred million young people who will enter the labor market in coming decades. In this report, we explore the role that public-private partnerships can play. not only in providing an alternative source of financing but in helping change the role of the state from the main provider of employment to an enabler of private sector activity. Studies have shown that the gap between MENA economies and fast-growing ones is the performance of the services sector. The disruptive technology offers new opportunities for boosting private-sector-led growth through enhancement of high-tech jobs in the services sector. The report argues that combining the region's fast-growing pool of university graduates and a heavy penetration of social media and smartphone, could serve as the foundation for a digital sector that could create much-needed private sector jobs for the youth over the next decade."
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 146480608X
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group’s latest MENA Economic Monitor projects MENA’s economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA’s economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers.
Author: Jagran Josh
Publisher: Jagran Josh
ISBN:
Category : Education
Languages : en
Pages : 451
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Book Description
Details – Current Affairs October 2015 eBook · It provides the comprehensive coverage of the current affairs that happened in October 2015. · It covers the current affairs of October 2015 with ample background and provides a detailed analysis of all the national and international events. · The presentation of the current affairs is provided in very simple and easy-to-understand language. · The October 2015 eBook will be of immense help for the candidates preparing for forthcoming exams. · The eBook will be handy for the forthcoming exams like IBPS CWE PO/MT –V (Main) Exam, IBPS CWE RRB - IV, Combined Defence Services Exam (II) 2015, NDA & NA Exam (II) 2015, Indian Economic Services/Indian Statistical Services Exam 2015, Combined Geo-Scientist & Geologists Exam 2015, Engineering Services Exam 2015, Combined Medical Services Exam 2015, Civil Services (Mains) Exam 2015, Central Armed Police Forces (AC) Exam 2015 and others. The October 2015 eBook is the result of effort of experts in competitive exams and covers the current affairs from the field of national, international, economy, corporate, sports, science & technology, environment & ecology, awards/honours, books/authors, committees/commissions, reports/surveys, and other important current affairs.
Author: Harry Pettit
Publisher: Stanford University Press
ISBN: 150363745X
Category : History
Languages : en
Pages : 307
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Book Description
Technological advancements, expanding education, and unfettered capitalism have encouraged many around the world to aspire to better lives, even as declines in employment and widening inequality are pushing more and more people into insecurity and hardship. In Egypt, a generation of young men desire fulfilling employment, meaningful relationships, and secure family life, yet find few paths to achieve this. The Labor of Hope follows these educated but underemployed men as they struggle to establish careers and build satisfying lives. In so doing, this book reveals the lived contradiction at the heart of capitalist systems—the expansive dreams they encourage and the precarious lives they produce. Harry Pettit follows young men as they engage a booming training, recruitment, and entrepreneurship industry that sells the cruel meritocratic promise that a good life is realizable for all. He considers the various ways individuals cultivate distraction and hope for future mobility: education, migration, consumption, and prayer. These hope-filled practices are a form of emotional labor for young men, placing responsibility on the individual rather than structural issues in Egypt's economy. Illuminating this emotional labor, Pettit shows how the capitalist economy continues to capture the attention of the very people harmed by it.
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 1464809070
Category : Business & Economics
Languages : en
Pages : 70
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Book Description
The short term economic outlook for the Middle East and North Africa (MENA) region remains “cautiously pessimistic†?. A combination of civil wars and refugee inflows, terrorist attacks, cheap oil, and subdued global economic recovery is expected to keep average growth in the MENA region around 3 percent in 2016, for the fourth year in a row. Furthermore, the humanitarian and economic situation in the war torn countries keep deteriorating. In this report we will explore ways in which a strategy of reconstruction of Syria—the most war-ravaged country in the region—could help foster a sustainable peace. This report argues that the impact of the civil war on the Syrian society will be persistent, and the challenges facing the country need to be addressed now. The report calls for the international community to be the guarantor of an inclusive reconstruction strategy that not only makes peace sustainable tomorrow, but makes it happen today: peace and reconstruction are two sides of the same coin.
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN: 1464807027
Category : Iran
Languages : en
Pages : 46
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Book Description
Iran and the Permanent Members of the UN Security Council and Germany (P5+1) reached a deal on July 14, 2015 that limits Iranian nuclear activity in return for lifting all international sanctions that were placed on Iran (Box 1). This issue of the MENA Quarterly Economic Brief (QEB) traces the economic effects of this development--removing sanctions on Iran--on the world oil market, on Iran's trading partners, and on the Iranian economy.
Author: Lorenzo Kamel
Publisher: Edizioni Nuova Cultura
ISBN: 8868128284
Category : Political Science
Languages : en
Pages : 162
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Book Description
Governance failures, combined with 21st-century social, economic, environmental and demographic conditions, have all contributed to paving the way for the rise of highly heterogeneous non-state and quasi-state actors in the Middle East. Has the state, then, been irremediably undermined, or will the current transition lead to the emergence of new state entities? How can the crumbling of states and the redrawing of borders be reconciled with the exacerbation of traditional inter-state competition, including through proxy wars? How can a new potential regional order be framed and imagined? This volume provides a historical background and policy answers to these and a number of other related questions, analysing developments in the region from the standpoint of the interplay between disintegration and polarization.
Author: Facundo Alvaredo
Publisher: Harvard University Press
ISBN: 0674984749
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
World Inequality Report 2018 is the most authoritative and up-to-date account of global trends in inequality. Researched, compiled, and written by a team of the world’s leading economists of inequality, it presents—with unrivaled clarity and depth—information and analysis that will be vital to policy makers and scholars everywhere. Inequality has taken center stage in public debate as the wealthiest people in most parts of the world have seen their share of the economy soar relative to that of others, many of whom, especially in the West, have experienced stagnation. The resulting political and social pressures have posed harsh new challenges for governments and created a pressing demand for reliable data. The World Inequality Lab at the Paris School of Economics and the University of California, Berkeley, has answered this call by coordinating research into the latest trends in the accumulation and distribution of income and wealth on every continent. This inaugural report analyzes the Lab’s findings, which include data from major countries where information has traditionally been difficult to acquire, such as China, India, and Brazil. Among nations, inequality has been decreasing as traditionally poor countries’ economies have caught up with the West. The report shows, however, that inequality has been steadily deepening within almost every nation, though national trajectories vary, suggesting the importance of institutional and policy frameworks in shaping inequality. World Inequality Report 2018 will be a key document for anyone concerned about one of the most imperative and contentious subjects in contemporary politics and economics.
