4 edition of Prospects for Middle Eastern and North African economies found in the catalog.
|Statement||edited by Nemat Shafik ; foreword by Heba Handoussa.|
|LC Classifications||HC415.15 .P76 1998|
|The Physical Object|
|Pagination||xviii, 325 p. :|
|Number of Pages||325|
|LC Control Number||97013672|
The broad context For decades, many countries have been plagued by a model of state patronage where the public sector supports every fifth job. These steps benefit developing countries that produce food and garments giving better access to markets without having to compete against subsidized producers from developed countries but hurt the Middle East. New York: St. Gross capital formation, although volatile, was maintained at exceptionally high rates, supporting a strong increase in growth rates of GDP and a vast improvement in living standards. Other fiscal reforms have targeted a broadening of the tax base through reduction or elimination of tax exemptions e. The key factor for success would be adequate protection of stakeholders.
However, at the same time, we expect fintech innovation to be promoted through regulatory easing, such as sandbox approaches. They share common challenges and cultural links distinct from neighboring economies, including those of Israel and Turkey. In addition, countries in the region continue to devote a large fraction of their budgets to military spending. Population growth in developing countries averaged 1. A deepening of political reforms is widely viewed as a prerequisite for firmly rooting badly needed economic reforms.
So, more efforts are needed to combat tax evasion, broaden the tax base, and make the tax system more progressive. About half of the countries in the region have fixed exchange rates, and another quarter have exchange rate regimes that are near fixed, such as pegs or moving pegs with narrow bands. The demand for such services appears more developed in Sub-Saharan Africa than in North Africa, where the use of the internet for financial services transactions is lower. This demographic explosion presents the region with a major challenge: to provide jobs, adequate incomes, and housing for the growing population.
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Manpower forecasts had to predict the number of employees required in every field prior to students' graduation and completion of secondary or higher education. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region's economic performance in the past 30 years has been below its potential.
In part, this reflects the extended weakness in the oil markets as producers outside of the MENA region gained market share at the expense of oil exporters in the region. Hall, E. Although population growth in the MENA countries is projected to decline to 1. However, the preferred gradualist Prospects for Middle Eastern and North African economies book to reform in the region, in combination with the more and more challenging external environment, may be adversely affecting prospects for an early acceleration of growth.
Trade Liberalization: Some Progress, but an Unfinished Agenda Research indicates that trade openness—the degree to which foreigners and nationals may transact goods and services without Prospects for Middle Eastern and North African economies book costs, that is, tariffs and nontariff barriers—is a significant contributor to higher productivity and per capita income growth.
Others countries in the region, such as Egypt, Morocco, and Tunisia have made important advances over the past 30 years, although further steps remain to be taken. The adjustment strategy during these earlier episodes of declining oil prices thus did not seek a lasting solution, which would have reduced fiscal vulnerability to oil revenue fluctuation.
Reversing, or even delaying reforms would be the wrong option and continue to hurt future generations. The MENA countries' economic performance remains below its potential, giving rise to chronic unemployment and poor living conditions in large parts of the region.
Moreover, the region's information and technology links are among the weakest in the world. Monetary policy frameworks were strengthened by introducing indirect monetary policy instruments. The fight against poverty remains daunting.
They have also, however, identified a number of weaknesses, including the need for creating institutions for regulatory and external oversight in the public and private sectors; public dissemination of economic statistics; and more transparent budget preparation, execution, and reporting systems.
Political economy considerations have also often impeded the quest for greater clarity. Such flexibility is important for the continuing efforts of these countries to undertake structural reforms that promote economic efficiency and stimulate trade and investment.
Abed and Hamid R. Even during the booming s, oil-producing countries grew, in real per capita terms, at about half the rate of non-oil-producing countries in the region. Aggregates are simple averages. Throughout the region, the IMF has advocated the reduction of costly energy subsidies.
These include, among others, recording and accounting of government's receipts and expenditures; quality of macroeconomic statistics; and financial soundness of banks and of equity and insurance markets. This book brings together a number of papers prepared by IMF staff during the past few years on some of the region's major structural and macroeconomic issues, with which its governments are grappling.
Iran has made little progress either in controlling state enterprises or in improving productivity through opening up to the world economy.
Limited evidence on TFP growth for selected oil-producing MENA countries in the s, according to research conducted by the staff of the IMF, is consistent with these long-run studies. The expansion of primary, secondary and tertiary education has paralleled the rapid population growth since the s.
The willingness of national governments to build a strong nation made the acquisition of literacy a necessary skill for maximizing human potential.
The European Union's Association Agreements with countries of the southern and eastern Mediterranean to establish free trade in industrial products have played a catalytic role in facilitating the needed structural reform in a number of countries.
It aims at an up-front elimination of quantitative restrictions on trade and annual reductions in tariffs by 10 percent. Local conditions also affect exports; state over-regulation in several African nations can prevent their own Prospects for Middle Eastern and North African economies book from becoming competitive.
Three measures of misalignment are constructed for Egypt, Jordan, Morocco, and Tunisia to test the hypothesis. As noted in the widely discussed Arab Human Development Report United Nations,the region performs poorly in the areas of civil and political freedoms, gender equality, and, more generally, opportunities for the full development of human capabilities and knowledge.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. Prospects for Middle East Economies: Where is the region headed? Richard Boxshall, PwC Middle East Director, talks to Forbes Middle East about the prospects for Middle East economies.
Despite these seemingly challenging times, the growth potential in the region is undeniable, especially in. Aug 01, · Consequently, the Arab MENA region remains one of the most un-globalized regions in the world. The book serves as both a textbook and a summary of the very large literature on MENA.
It examines the following economic realities of the region and compares them across the MENA economies: Technology gap and comparative development.Topics in Middle Eastern and North African Economies Quinlan School of Business The Prospects of Pdf Output and Investment in MENA Oil Exporting Countries, Michael J.
Twomey University of Michigan Dearborn Follow this and additional works at: magicechomusic.com Part of the Economics Commons Recommended Citation.Sometimes referred to download pdf the acronym MENA (Middle East-North Africa), this region is one of great risk offering potentially huge returns.
Many, although not all, of the countries in the region draw their economic power from petroleum. If you want to invest your money in emerging markets, make careful decisions about doing so in the [ ].Topics in Middle Eastern and North African Ebook is the MEEA Proceedings Journal that is dedicated to the best papers presented in MEEA conferences.
The editor of the journal is Professor Mine magicechomusic.com journal is online and more information about it, including its past issues, can be found here.