Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs
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...
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| Language: | en_US |
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Washington, DC
2013
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| Online Access: | http://hdl.handle.net/10986/12434 |
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okr-10986-12434 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
access to markets accounting administrative assistance balance of payments bank accounts bank financing beneficiaries Bond Index business environments capital controls capital finance Capital flows capital formation capital inflows cash transfer cash transfers CDS Central Bank commodities commodity commodity prices consumer goods Consumer Protection Copyright Clearance Copyright Clearance Center Cost estimate Credit Default Credit Default Swap Credit Default Swaps credit growth credit rating currency Current account Current account balance current accounts debt debt crisis debt restructuring Debt service democracy demographic developing countries Development Company dollar price domestic investors Economic activities economic activity Economic Cooperation Economic Developments economic environment Economic growth economic policies emerging economies Emerging Market Emerging Market Bond Emerging Markets employer employer contribution employment growth equipment equities Equity markets excess liquidity existing debt expansionary fiscal policies expansionary fiscal policy Expatriate expenditure expenditures export revenues exporters exposure external debt families financial crisis Financial market financial markets financial sectors financial services fiscal balance Fiscal deficits fiscal policies fiscal policy fiscal positions fixed capital fixed exchange rate fixed investment flexible exchange rates food prices foreign capital Foreign direct investment Foreign firms foreign investment future growth global financial markets global markets global risk global slowdown global stock market Global Trade good governance governance indicator government expenditure Government support Gross Domestic Product Gross fixed capital formation growth performance growth rate growth rates high-income countries home improvements Households human capital income income growth Inflation inflation rate Inflation rates inflationary pressures informal workers infrastructure investment installment insurance International Bank International Financial Statistics INVESTING investment by sector investment finance investment plans Investment Programs investment projects investment rate investment rates investment spending JOB CREATION key challenges labor force labor force growth labor force participation labor forces labor market labor mobility land grants levels of investment loan loan markets local governments macroeconomic stability market prices microcredit middle-income countries minimum wage Monetary Fund monetary policy National Development needy students oil exporters oil exporting countries oil importers oil price oil prices oil revenues Output Output Ratio output ratios pension pensions political stability political uncertainties price increases private investment private returns privatization production structures property rights property rights protection public funds public investment public investment program public investment programs public investments public spending rapid expansion rapid growth real estate recession regime change regional growth remittance remittances return returns risk premiums rule of law Savings scholarship settlement settlement infrastructure share of capital social security Social Welfare sovereign debt stock market stock market indexes stock markets strong demand sustainable growth Tax tax relief Telecommunications trade liberalization transition countries transparency transportation services uncertainty Unemployment Unemployment rates Union wealth effects World Development Indicators world markets |
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access to markets accounting administrative assistance balance of payments bank accounts bank financing beneficiaries Bond Index business environments capital controls capital finance Capital flows capital formation capital inflows cash transfer cash transfers CDS Central Bank commodities commodity commodity prices consumer goods Consumer Protection Copyright Clearance Copyright Clearance Center Cost estimate Credit Default Credit Default Swap Credit Default Swaps credit growth credit rating currency Current account Current account balance current accounts debt debt crisis debt restructuring Debt service democracy demographic developing countries Development Company dollar price domestic investors Economic activities economic activity Economic Cooperation Economic Developments economic environment Economic growth economic policies emerging economies Emerging Market Emerging Market Bond Emerging Markets employer employer contribution employment growth equipment equities Equity markets excess liquidity existing debt expansionary fiscal policies expansionary fiscal policy Expatriate expenditure expenditures export revenues exporters exposure external debt families financial crisis Financial market financial markets financial sectors financial services fiscal balance Fiscal deficits fiscal policies fiscal policy fiscal positions fixed capital fixed exchange rate fixed investment flexible exchange rates food prices foreign capital Foreign direct investment Foreign firms foreign investment future growth global financial markets global markets global risk global slowdown global stock market Global Trade good governance governance indicator government expenditure Government support Gross Domestic Product Gross fixed capital formation growth performance growth rate growth rates high-income countries home improvements Households human capital income income growth Inflation inflation rate Inflation rates inflationary pressures informal workers infrastructure investment installment insurance International Bank International Financial Statistics INVESTING investment by sector investment finance investment plans Investment Programs investment projects investment rate investment rates investment spending JOB CREATION key challenges labor force labor force growth labor force participation labor forces labor market labor mobility land grants levels of investment loan loan markets local governments macroeconomic stability market prices microcredit middle-income countries minimum wage Monetary Fund monetary policy National Development needy students oil exporters oil exporting countries oil importers oil price oil prices oil revenues Output Output Ratio output ratios pension pensions political stability political uncertainties price increases private investment private returns privatization production structures property rights property rights protection public funds public investment public investment program public investment programs public investments public spending rapid expansion rapid growth real estate recession regime change regional growth remittance remittances return returns risk premiums rule of law Savings scholarship settlement settlement infrastructure share of capital social security Social Welfare sovereign debt stock market stock market indexes stock markets strong demand sustainable growth Tax tax relief Telecommunications trade liberalization transition countries transparency transportation services uncertainty Unemployment Unemployment rates Union wealth effects World Development Indicators world markets World Bank Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs |
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Middle East and North Africa North Africa Middle East Algeria Bahrain Djibouti Egypt, Arab Republic of Iran, Islamic Republic of Iraq Jordan Kuwait Lebanon Libya Morocco Oman Qatar Saudi Arabia Tunisia United Arab Emirates Yemen, Republic of |
| relation |
MENA Economic Developments & Prospects; |
| description |
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. |
| author2 |
Ianchovichina, Elena |
| author_facet |
Ianchovichina, Elena World Bank |
| format |
Publications & Research :: Publication |
| author |
World Bank |
| author_sort |
World Bank |
| title |
Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs |
| title_short |
Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs |
| title_full |
Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs |
| title_fullStr |
Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs |
| title_full_unstemmed |
Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs |
| title_sort |
middle east and north africa economic developments and prospects, september 2011 : investing for growth and jobs |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/12434 |
| _version_ |
1764422355030900736 |
| spelling |
okr-10986-124342021-04-23T14:03:06Z Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs World Bank Ianchovichina, Elena access to markets accounting administrative assistance balance of payments bank accounts bank financing beneficiaries Bond Index business environments capital controls capital finance Capital flows capital formation capital inflows cash transfer cash transfers CDS Central Bank commodities commodity commodity prices consumer goods Consumer Protection Copyright Clearance Copyright Clearance Center Cost estimate Credit Default Credit Default Swap Credit Default Swaps credit growth credit rating currency Current account Current account balance current accounts debt debt crisis debt restructuring Debt service democracy demographic developing countries Development Company dollar price domestic investors Economic activities economic activity Economic Cooperation Economic Developments economic environment Economic growth economic policies emerging economies Emerging Market Emerging Market Bond Emerging Markets employer employer contribution employment growth equipment equities Equity markets excess liquidity existing debt expansionary fiscal policies expansionary fiscal policy Expatriate expenditure expenditures export revenues exporters exposure external debt families financial crisis Financial market financial markets financial sectors financial services fiscal balance Fiscal deficits fiscal policies fiscal policy fiscal positions fixed capital fixed exchange rate fixed investment flexible exchange rates food prices foreign capital Foreign direct investment Foreign firms foreign investment future growth global financial markets global markets global risk global slowdown global stock market Global Trade good governance governance indicator government expenditure Government support Gross Domestic Product Gross fixed capital formation growth performance growth rate growth rates high-income countries home improvements Households human capital income income growth Inflation inflation rate Inflation rates inflationary pressures informal workers infrastructure investment installment insurance International Bank International Financial Statistics INVESTING investment by sector investment finance investment plans Investment Programs investment projects investment rate investment rates investment spending JOB CREATION key challenges labor force labor force growth labor force participation labor forces labor market labor mobility land grants levels of investment loan loan markets local governments macroeconomic stability market prices microcredit middle-income countries minimum wage Monetary Fund monetary policy National Development needy students oil exporters oil exporting countries oil importers oil price oil prices oil revenues Output Output Ratio output ratios pension pensions political stability political uncertainties price increases private investment private returns privatization production structures property rights property rights protection public funds public investment public investment program public investment programs public investments public spending rapid expansion rapid growth real estate recession regime change regional growth remittance remittances return returns risk premiums rule of law Savings scholarship settlement settlement infrastructure share of capital social security Social Welfare sovereign debt stock market stock market indexes stock markets strong demand sustainable growth Tax tax relief Telecommunications trade liberalization transition countries transparency transportation services uncertainty Unemployment Unemployment rates Union wealth effects World Development Indicators world markets 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. 2013-02-20T21:00:33Z 2013-02-20T21:00:33Z 2011-09 978-0-8213-9888-3 http://hdl.handle.net/10986/12434 en_US MENA Economic Developments & Prospects; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research :: Publication Middle East and North Africa North Africa Middle East Algeria Bahrain Djibouti Egypt, Arab Republic of Iran, Islamic Republic of Iraq Jordan Kuwait Lebanon Libya Morocco Oman Qatar Saudi Arabia Tunisia United Arab Emirates Yemen, Republic of |