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Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs
[Région Moyen-Orient et Afrique du Nord de la Banque mondiale : Évolution et perspectives économiques, septembre 2011]

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  • World Bank

Abstract

The report highlights the important links between good governance on a level legal and regulatory playing field, and the ability of investment to stimulate growth. Investment in the Middle East and North Africa (MENA) region has been strong over the last two decades in comparison with Latin America and Eastern Europe. However, in the oil exporting countries, it has been primarily supported by large and expanding public investments. Oil importers, in contrast, have shown more strength in private investment, which has increased in recent years. A concern with reliance on public investment is that in economies with weak governance there is no evidence that public investment stimulates growth. In contrast, in countries with an adequate level of protection of property rights and legal institutions, public investment is strongly linked to growth. The report also makes a strong case for private investment in services and manufacturing as engines of job creation and income growth in the region.

Suggested Citation

  • World Bank, "undated". "Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs [Région Moyen-Orient et Afrique du Nord de la Banque mondiale : Évolution et perspec," World Bank Publications - Reports 12434, The World Bank Group.
    • Handle: RePEc:wbk:wboper:12434
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    Citations

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    Cited by:

    1. World Bank, "undated". "Middle East and North Africa Regional Economic Update, April 2012," World Bank Publications - Reports 27236, The World Bank Group.
    2. Antonio Estache & Elena Ianchovichina & Robert Bacon & Ilhem Salamon, 2013. "Infrastructure and Employment Creation in the Middle East and North Africa," World Bank Publications - Books, The World Bank Group, number 12237.
    3. Hany Abdel-Latif & Hassan Aly, 2019. "Are politically connected firms turtles or gazelles? Evidence from the Egyptian uprising," Working Papers 1304, Economic Research Forum, revised 2019.
    4. Abdih, Yasser & Behar, Alberto & Cevik, Serhan & Chami, Ralph & Dougherty-Choux, Lisa & Furceri, Davide & Janus, Nick & Zimand, Paul, 2012. "A Template for Analyzing and Projecting Labor Market Indicators," MPRA Paper 82682, University Library of Munich, Germany.
    5. repec:ocp:rpaper:pp-16/07 is not listed on IDEAS
    6. Ianchovichina, Elena & Estache, Antonio & Foucart, Renaud & Garsous, Grégoire & Yepes, Tito, 2013. "Job Creation through Infrastructure Investment in the Middle East and North Africa," World Development, Elsevier, vol. 45(C), pages 209-222.
    7. Hassan Aly & Yousef Daoud & Amr Ragab & Ayhab Saad, 2017. "Young Gazelles and Aging Turtles: Understanding the Determinants of Employment Creation in the Labor Market in MENA Countries," Working Papers 1121, Economic Research Forum, revised 07 2017.
    8. Simone Tagliapietra, 2015. "The Future of Renewable Energy in the Mediterranean. Translating Potential into Reality," Working Papers 2015.30, Fondazione Eni Enrico Mattei.
    9. Ms. Magda E. Kandil & Mrs. Genevieve M Lindow & Mr. Mario Mansilla & Mr. Joel Chiedu Okwuokei & Jochen M. Schmittmann & Qiaoe Chen & Xin Li & Marika Santoro & Solomon Stavis, 2014. "Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth," IMF Working Papers 2014/115, International Monetary Fund.
    10. Mr. Alberto Behar, 2015. "Comparing the Employment-Output Elasticities of Expatriates and Nationals in the Gulf Cooperation Council," IMF Working Papers 2015/191, International Monetary Fund.

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