Publication: The Great Recession and Developing
Countries : Economic Impact and Growth Prospects
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Published
2011
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2012-03-19
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While globalization has been a powerful engine of economic growth over the past three decades, it has also posed new problems and challenges, especially for international economic policy coordination. In the past decade, the large and rapid increases in trade, remittances, and international financial flows across borders have been a strong incentive for economic growth, not only in East and South Asia but also in Latin America and Sub-Saharan Africa. And rapid and sustained economic growth in several low- and middle-income economies has been steadily altering the economic weights of different regions in the world economy. The ten case studies in this volume illustrate the wide range of effects of, and responses to, the global crisis in low-and middle-income economies. While the case studies do not constitute a statistically representative sample of the globe, they illustrate a broad range of experiences in the wake of the crisis and give insights into both the benefits and challenges of globalization. The use of a common methodology in preparing the cases unquestionably facilitates cross-country comparisons and helps identify areas where more study is needed to increase the understanding of the current problems of, and prospects for, developing countries.
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“Nabli, Mustapha K.. 2011. The Great Recession and Developing
Countries : Economic Impact and Growth Prospects. © World Bank. http://hdl.handle.net/10986/2539 License: CC BY 3.0 IGO.”
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Exchange rate management within the Middle East and North Africa region by Mustapha Nabli, Jennifer Keller, and Marie-Ange Véganzones. How does exchange rate policy affect manufactured exports in MENA countries? By Mustapha Kamel Nabli, and Marie-Ange Veganzones-Varoudakis. Public infrastructure and private investment in the Middle East and North Africa by Pierre-Richard Agenor, Mustapha K. Nabli, and Tarik M. Yousef. Governance, institutions, and private investment by Ahmet Faruk Aysan, Mustapha Kamel Nabli, and Marie-Ange Veganzones-Varoudakis.Publication Labor Market Reforms, Growth, and Unemployment in Labor-Exporting Countries in the Middle East and North Africa(World Bank, Washington, D.C., 2004-01)This paper studies the impact of labor market policies on growth and unemployment in labor-exporting countries in the Middle East and North Africa. The analysis is based on a framework that captures many of the main features of the labor market in these countries. 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