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State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges

2021-09-20 Business & Economics
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Release : 2021-09-20
Genre : Business & Economics
Kind : eBook
Book Rating : 087/5 ( reviews)

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Book Synopsis State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges by : Mr. Ernesto Ramirez Rigo

Download or read book State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges written by Mr. Ernesto Ramirez Rigo. This book was released on 2021-09-20. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.

State-Owned Enterprises in the Middle East and North Africa

2013-01-11 Business & Economics
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Release : 2013-01-11
Genre : Business & Economics
Kind : eBook
Book Rating : 349/5 ( reviews)

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Book Synopsis State-Owned Enterprises in the Middle East and North Africa by : Merih Celasun

Download or read book State-Owned Enterprises in the Middle East and North Africa written by Merih Celasun. This book was released on 2013-01-11. Available in PDF, EPUB and Kindle. Book excerpt: In the rapid world-wide spread of privatization, progress in the Middle East and North Africa region has been markedly slow. This volume argues that a high level of overstaffing in public enterprises and the inability of economies to create jobs fast enough is mainly responsible for this. An in-depth study of the facts and a well-supported conclusion makes this an impressive collection of work on a very pertinent subject.

State-owned Enterprises in the Middle East and North Africa

2013 Business enterprises
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Release : 2013
Genre : Business enterprises
Kind : eBook
Book Rating : 962/5 ( reviews)

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Book Synopsis State-owned Enterprises in the Middle East and North Africa by : Organization for Economic Cooperation and Development

Download or read book State-owned Enterprises in the Middle East and North Africa written by Organization for Economic Cooperation and Development. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises (SOEs) are an important feature of the economic landscape in the Middle East and North Africa region and yet, their contribution to the local economies has not been subject to a systematic investigation. SOEs in the region are generally perceived as inefficient and subject to sub-optimal governance arrangements but at the same time, and somewhat paradoxically, they are often charged developmental mandates that typically go beyond their stated commercial objectives. This phenomenon owes to the historically prominent role of the state in the economic development in the region and the recently renewed interest in using select SOEs as anchors of national industrialisation and competitiveness strategies. This publication contributes to the limited existing literature on the role of SOEs in the economic development by examining the contribution of MENA SOEs to industrial development, diversification, poverty elimination and the provision of goods and serv

Subsidy Reform in the Middle East and North Africa

2014-07-09 Business & Economics
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Release : 2014-07-09
Genre : Business & Economics
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Book Rating : 437/5 ( reviews)

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Book Synopsis Subsidy Reform in the Middle East and North Africa by : Mr.Carlo A Sdralevich

Download or read book Subsidy Reform in the Middle East and North Africa written by Mr.Carlo A Sdralevich. This book was released on 2014-07-09. Available in PDF, EPUB and Kindle. Book excerpt: In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms.

From Privilege to Competition

2009-11-04 Business & Economics
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Release : 2009-11-04
Genre : Business & Economics
Kind : eBook
Book Rating : 899/5 ( reviews)

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Book Synopsis From Privilege to Competition by : World Bank

Download or read book From Privilege to Competition written by World Bank. This book was released on 2009-11-04. Available in PDF, EPUB and Kindle. Book excerpt: 'From Privilege to Competition: Unlocking Private-Led Growth in the Middle East and North Africa' sheds new light on the difficult quest for stronger and more diversified growth in a region of unquestionable potential. It underlines the need to strengthen reforms in many areas specifically, by reducing policy uncertainty and improving credit and real estate markets. It also highlights other important issues that restrain the credibility and impact of reforms in many parts of the region: conflicts of interest between politicians and businesses, an investment climate that favors a few privileged firms, and a dominant private sector that often opposes reforms. The book recommends that countries in the Middle East and North Africa (MENA) engage in more credible reform agendas by improving the implementation of policies in a manner that will reduce discretion and privileges. This renewed commitment to stronger growth would entail several developments. First, governments will need to reduce opportunities for rent-seeking and foster competition. Second, they will need to work to reform institutions: private sector development policies will need to be systematically anchored in elements of institutional and public sector reforms in order to reduce discretion and opacity and improve the quality of services to firms. Third, they will need to mobilize all stakeholders, including larger representations from the private sector, around dedicated long-term growth strategies. Short of such a fundamental shift in the way private sector policies are formulated and implemented, investor expectations that governments are committed to reform will be limited. It will take political will and time to support sustained reforms that credibly convince investors and the public that changes are real, deep, and set to last. MENA countries are endowed with strong human capital, good infrastructure, immense resources, and a great deal of untapped creativity and entrepreneurship. The economic and social payoff of embarking on a more ambitious private-led growth agenda could thus be immense for all.

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