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Middle East and North Africa Economic Monitor, October 2018 : A New Economy in Middle East and North Africa / Rabah Arezki.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Arezki, Rabah.
- Series:
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Civil War.
- Conflict.
- Economic Policy.
- Green Shoots.
- Growth.
- IDPs.
- International Community.
- Oil Prices.
- Peace.
- Pil Exporters.
- Poverty.
- Refugees.
- Volatility.
- Local Subjects:
- Civil War.
- Conflict.
- Economic Policy.
- Green Shoots.
- Growth.
- IDPs.
- International Community.
- Oil Prices.
- Peace.
- Pil Exporters.
- Poverty.
- Refugees.
- Volatility.
- Physical Description:
- 1 online resource (55 pages)
- Other Title:
- Middle East and North Africa Economic Monitor, October 2018
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- After a sharp fall in 2017, economic growth in MENA is projected to rebound to 3.1 percent in 2018, thanksto the positive global outlook, oil prices stabilizing at relatively higher levels, stabilization policies andreforms, and recovery and reconstruction as conflicts recede. The outlook for MENA remains positive, andthe growth rebound is expected to gain momentum over the next two years, exceeding 3 percent in 2020.While stabilization policies have helped economies adjust in recent years, .a second phase of reforms isneeded should be transformative if the region is to reach its potential and create jobs for hundred millionyoung people who will enter the labor market in coming decades. In this report, we explore the role thatpublic-private partnerships can play. not only in providing an alternative source of financing but in helpingchange the role of the state from the main provider of employment to an enabler of private sector activity.Studies have shown that the gap between MENA economies and fast-growing ones is the performance of theservices sector. The disruptive technology offers new opportunities for boosting private-sector-led growththrough enhancement of high-tech jobs in the services sector. The report argues that combining the region'sfast-growing pool of university graduates and a heavy penetration of social media and smartphone, couldserve as the foundation for a digital sector that could create much-needed private sector jobs for the youthover the next decade.
- Notes:
- Description based on print version record.
- ISBN:
- 1-4648-1367-1
- Publisher Number:
- 10.1596/978-1-4648-1367-2
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