Developing Micro, Small and Medium Enterprises in Jordan : The Route to Shared Prosperity
The Arab uprisings and the global financial and economic slowdown have negatively impacted the Jordanian economy and highlighted demands for a more level economic playing field and equity in access to economic and social opportunities. Already chal...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/03/18107373/developing-micro-small-medium-enterprises-jordan-route-shared-prosperity http://hdl.handle.net/10986/16128 |
| Summary: | The Arab uprisings and the global
financial and economic slowdown have negatively impacted the
Jordanian economy and highlighted demands for a more level
economic playing field and equity in access to economic and
social opportunities. Already challenged in providing jobs
to the more than 60,000 youth who enter the labor market
annually, Jordan has seen unemployment rising. Youth and
women were most affected, with unemployment, reaching 22.8
percent and 22.3 percent, respectively. Moreover, regional
disparities continue to pose additional challenges. Limited
private sector jobs are available in the outlying
governorates, where employment relies largely on the civil
service and other public sector jobs. At the same time, the
private sector is hampered by difficulties in the business
environment and inadequate access to finance. Job creation
and economic inclusion are key priorities for Jordan today
these goals will be advanced by improving access to finance,
enhancing competitiveness, and fostering sustainable,
private sector-led growth. |
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