Middle East Transitions: A Long, Hard Road

Middle East Transitions: A Long, Hard Road

4.11 - 1251 ratings - Source

Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined business confidence, affected tourist arrivals, and depressed domestic and foreign direct investment. Furthermore, political and social tensions have constrained reform efforts. Assessing policy options as presented in the voluminous literature on the Arab Spring and based on cross-country experience, this paper concludes that sustainable and inclusive growth calls for a two pronged approach: short term measures that revive growth momentum and partially allay popular concerns; complemented with efforts to adjust the publica€™s expectations and prepare the ground for structural reforms that will deliver the desired longer tem performance.... footwear, consumer electricals, auto parts and metal products with very narrow profit margins that constrain domestic value ... Fabling and Sanderson (2010) http ://www.rbnz.govt.nz/research/discusspapers/dp10_07.pdf; Sharma and Mishraanbsp;...

Title:Middle East Transitions: A Long, Hard Road
Author:Shahid Yusuf
Publisher:International Monetary Fund - 2014-07-25


You Must CONTINUE and create a free account to access unlimited downloads & streaming