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Unlocking Sustainable Private Sector Growth in the Middle East and North Africa

2022-06-09 Business & Economics
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Release : 2022-06-09
Genre : Business & Economics
Kind : eBook
Book Rating : 213/5 ( reviews)

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Book Synopsis Unlocking Sustainable Private Sector Growth in the Middle East and North Africa by : European Investment Bank

Download or read book Unlocking Sustainable Private Sector Growth in the Middle East and North Africa written by European Investment Bank. This book was released on 2022-06-09. Available in PDF, EPUB and Kindle. Book excerpt: More than a decade after the Arab Spring, the Middle East and North Africa region finds itself facing momentous challenges. The COVID-19 pandemic has disrupted economies, and the Russian invasion of Ukraine sent shockwaves through the region, with higher hydrocarbon prices, risks to food security and a drop in tourism. Beyond looms the threat of climate change. But challenging times provide opportunities for change. The region's private sector can seize the moment. It remains the hope for many young people and has the potential to drive a sustainable model of growth. The Enterprise Surveys, conducted by the EIB, EBRD and the World Bank, provide insight into what lies beneath the region's relatively slow growth, with a focus on the reasons for stagnating productivity and inadequate accumulation of human and physical capital in the private sector.

Unlocking Sustainable Private Sector Growth in the Middle East and North Africa

2022
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Release : 2022
Genre :
Kind : eBook
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Book Synopsis Unlocking Sustainable Private Sector Growth in the Middle East and North Africa by : World Bank Group

Download or read book Unlocking Sustainable Private Sector Growth in the Middle East and North Africa written by World Bank Group. This book was released on 2022. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth in the Middle East and North Africa (MENA) has been weak since the global financial crisis of 2007-09 and the Arab Spring of the early 2010s. Achieving higher and sustainable growth is particularly important in view of other economic challenges facing the region: public debt in MENA countries has increased considerably over the last decade, accompanied by declining investment. This report seeks to understand what lies beneath that relatively slow growth, with a particular focus on the reasons for stagnating productivity and inadequate accumulation of human capital and physical capital in the region's private sector. To this end, the report summarizes the main findings from nine background papers based on enterprise survey data. It also draws conclusions for policy, not only for promoting stronger firm performance, but also for addressing the challenge of climate change by pursuing sustainable growth.

Unlocking Sustainable Private Sector Growth in the Middle East and North Africa

2022
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Release : 2022
Genre :
Kind : eBook
Book Rating : 207/5 ( reviews)

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Book Synopsis Unlocking Sustainable Private Sector Growth in the Middle East and North Africa by :

Download or read book Unlocking Sustainable Private Sector Growth in the Middle East and North Africa written by . This book was released on 2022. Available in PDF, EPUB and Kindle. Book excerpt: Surveys of nearly 6 000 businesses in Egypt, Jordan, Lebanon, Morocco, Tunisia and the West Bank and Gaza shed light on the state of the private sector in the Middle East and North Africa. More than a decade after the Arab Spring, the Middle East and North Africa region finds itself facing momentous challenges. The COVID-19 pandemic has disrupted economies, and the Russian invasion of Ukraine sent shockwaves through the region, with higher hydrocarbon prices, risks to food security and a drop in tourism. Beyond looms the threat of climate change. But challenging times provide opportunities for change. The region's private sector can seize the moment. It remains the hope for many young people and has the potential to drive a sustainable model of growth. The Enterprise Surveys, conducted by the EIB, EBRD and the World Bank, provide insight into what lies beneath the region's relatively slow growth, with a focus on the reasons for stagnating productivity and inadequate accumulation of human and physical capital in the private sector.

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.

Private Sector Development in the Middle East and North Africa Making Reforms Succeed Moving Forward with the MENA Investment Policy Agenda

2008-07-29
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Release : 2008-07-29
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Book Rating : 828/5 ( reviews)

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Book Synopsis Private Sector Development in the Middle East and North Africa Making Reforms Succeed Moving Forward with the MENA Investment Policy Agenda by : OECD

Download or read book Private Sector Development in the Middle East and North Africa Making Reforms Succeed Moving Forward with the MENA Investment Policy Agenda written by OECD. This book was released on 2008-07-29. Available in PDF, EPUB and Kindle. Book excerpt: Highlights key outcomes of the work of the MENA-OECD Investment Programme from 2005-2007, including reforms achieved to date in investment policies and promotion, corporate governance, financial-sector development, and tax policies.

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