Publication: Middle East and North Africa Economic Developments and Prospects, January 2011 : Sustaining the Recovery and Looking Beyond
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Date
2011-01
ISSN
978-0-8213-9889-0
Published
2011-01
Author(s)
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.
Citation
“World Bank. 2011. 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 . © Washington, DC. http://openknowledge.worldbank.org/entities/publication/0cd1a45a-94f5-519c-826c-b8cc5e15ec53 License: CC BY 3.0 IGO.”