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Middle East and North Africa Economic Developments and Prospects, January 2011 : Sustaining the Recovery and Looking Beyond
[Région du Moyen-Orient et de l’Afrique du Nord – Maintenir la reprise et aller au-delà : Evolution et perspectives économiques de la région - Résumé analytique]

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  • World Bank

Abstract

The impact of the global financial and economic crisis on the Middle East and North Africa region was relatively mild. Lack of integration and a large public sector helped insulate the region to some extent, but now these and other factors are slowing down the speed of its economic recovery. The report examines the major factors threatening the recovery and those that obstruct long-term growth – especially non-oil export growth, which in net terms contributed little to regional growth during the past decade, with non-oil exports remaining below potential in many countries in the region. The report emphasizes several major areas in need of policy makers’ attention, including restrictive trade policies, particularly those affecting trade in services; governance issues linked to uneven application of rules and regulations; inefficient and inflexible labor markets and scarcity of skills, innovation and technological capabilities.

Suggested Citation

  • World Bank, "undated". "Middle East and North Africa Economic Developments and Prospects, January 2011 : Sustaining the Recovery and Looking Beyond [Région du Moyen-Orient et de l’Afrique du Nord – Maintenir la reprise et," World Bank Publications - Reports 12438, The World Bank Group.
    • Handle: RePEc:wbk:wboper:12438
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    References listed on IDEAS

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    1. Julio.J. Nogués & Andrzej Olechowski & L. Alan Winters, 2015. "The Extent of Nontariff Barriers to Industrial Countries' Imports," World Scientific Book Chapters, in: Non-Tariff Barriers, Regionalism and Poverty Essays in Applied International Trade Analysis, chapter 2, pages 29-47, World Scientific Publishing Co. Pte. Ltd..
    2. Jose R. Lopez-Calix & Peter Walkenhorst & Ndiame Diop, 2010. "Trade Competitiveness of the Middle East and North Africa : Policies for Export Diversification," World Bank Publications - Books, The World Bank Group, number 2466.
    3. World Bank, 2008. "Global Economic Prospects 2008 : Technology Diffusion in the Developing World," World Bank Publications - Books, The World Bank Group, number 6335.
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    Cited by:

    1. Chopra, Parvesh K., 2015. "Country Risk: A Theoretical and Empirical Analysis with Special Reference to Northern African Economies - Il rischio paese: un’analisi teorica e empirica con particolare riferimento ai paesi del Nord ," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 68(1), pages 81-137.
    2. Robert Lanquar, 2011. "Tourism in the MED 11 Countries," CASE Network Reports 0098, CASE-Center for Social and Economic Research.
    3. Jean-Pierre Chauffour & Bernard M., 2013. "Harnessing Trade Opportunities in the Middle East and North Africa," RSCAS Working Papers PP2013/07, European University Institute.

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