Middle East and North Africa Economic Update, October 2019 : Reaching New Heights - Promoting Fair Competition in the Middle East and North Africa
Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is revise...
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okr-10986-324792021-04-23T14:05:14Z Middle East and North Africa Economic Update, October 2019 : Reaching New Heights - Promoting Fair Competition in the Middle East and North Africa Arezki, Rabah Ait Ali Slimane, Meriem Barone, Andrea Decker, Klaus Detter, Dag Fan, Rachel Yuting Nguyen, Ha Miralles Murciego, Graciela Senbet, Lemma CURRENT ACCOUNT ECONOMIC GROWTH EXTERNAL BALANCES FISCAL BALANCE OIL EXPORTERS OIL IMPORTERS OIL PRICES PRODUCTIVITY FAIR COMPETITION MARKET CONTESTABILITY REFORM COMPETITION POLICY STATE-OWNED ENTERPRISE Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is revised down by 0.8 percentage points from the April 2019 projection. MENA’s economic outlook is subject to substantial downside risks—most notably, intensified global economic headwinds and rising geopolitical tensions. Part II argues that promoting fair competition is key for MENA countries to complete the transition from an administered to a market economy. Part II first examines current competition policies in MENA countries and to promote fair competition calls for strengthening competition law and enforcement agencies. It also calls for corporatizing state-owned enterprises, promoting the private sector and creating a level-playing field between them. Any moves to reform MENA economies would be aided by professional management of public assets, which could tap into a new source of national wealth. 2019-09-30T21:14:27Z 2019-09-30T21:14:27Z 2019-10-09 Serial http://documents.worldbank.org/curated/en/320301570725604155/Middle-East-and-North-Africa-Economic-Update-October-2019-Reaching-New-Heights-Promoting-Fair-Competition-in-the-Middle-East-and-North-Africa 978-1-4648-1504-1 http://hdl.handle.net/10986/32479 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Middle East and North Africa Middle East North Africa |
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Digital Repository |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
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CURRENT ACCOUNT ECONOMIC GROWTH EXTERNAL BALANCES FISCAL BALANCE OIL EXPORTERS OIL IMPORTERS OIL PRICES PRODUCTIVITY FAIR COMPETITION MARKET CONTESTABILITY REFORM COMPETITION POLICY STATE-OWNED ENTERPRISE |
spellingShingle |
CURRENT ACCOUNT ECONOMIC GROWTH EXTERNAL BALANCES FISCAL BALANCE OIL EXPORTERS OIL IMPORTERS OIL PRICES PRODUCTIVITY FAIR COMPETITION MARKET CONTESTABILITY REFORM COMPETITION POLICY STATE-OWNED ENTERPRISE Arezki, Rabah Ait Ali Slimane, Meriem Barone, Andrea Decker, Klaus Detter, Dag Fan, Rachel Yuting Nguyen, Ha Miralles Murciego, Graciela Senbet, Lemma Middle East and North Africa Economic Update, October 2019 : Reaching New Heights - Promoting Fair Competition in the Middle East and North Africa |
geographic_facet |
Middle East and North Africa Middle East North Africa |
description |
Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is revised down by 0.8 percentage points from the April 2019 projection. MENA’s economic outlook is subject to substantial downside risks—most notably, intensified global economic headwinds and rising geopolitical tensions. Part II argues that promoting fair competition is key for MENA countries to complete the transition from an administered to a market economy. Part II first examines current competition policies in MENA countries and to promote fair competition calls for strengthening competition law and enforcement agencies. It also calls for corporatizing state-owned enterprises, promoting the private sector and creating a level-playing field between them. Any moves to reform MENA economies would be aided by professional management of public assets, which could tap into a new source of national wealth. |
format |
Serial |
author |
Arezki, Rabah Ait Ali Slimane, Meriem Barone, Andrea Decker, Klaus Detter, Dag Fan, Rachel Yuting Nguyen, Ha Miralles Murciego, Graciela Senbet, Lemma |
author_facet |
Arezki, Rabah Ait Ali Slimane, Meriem Barone, Andrea Decker, Klaus Detter, Dag Fan, Rachel Yuting Nguyen, Ha Miralles Murciego, Graciela Senbet, Lemma |
author_sort |
Arezki, Rabah |
title |
Middle East and North Africa Economic Update, October 2019 : Reaching New Heights - Promoting Fair Competition in the Middle East and North Africa |
title_short |
Middle East and North Africa Economic Update, October 2019 : Reaching New Heights - Promoting Fair Competition in the Middle East and North Africa |
title_full |
Middle East and North Africa Economic Update, October 2019 : Reaching New Heights - Promoting Fair Competition in the Middle East and North Africa |
title_fullStr |
Middle East and North Africa Economic Update, October 2019 : Reaching New Heights - Promoting Fair Competition in the Middle East and North Africa |
title_full_unstemmed |
Middle East and North Africa Economic Update, October 2019 : Reaching New Heights - Promoting Fair Competition in the Middle East and North Africa |
title_sort |
middle east and north africa economic update, october 2019 : reaching new heights - promoting fair competition in the middle east and north africa |
publisher |
Washington, DC: World Bank |
publishDate |
2019 |
url |
http://documents.worldbank.org/curated/en/320301570725604155/Middle-East-and-North-Africa-Economic-Update-October-2019-Reaching-New-Heights-Promoting-Fair-Competition-in-the-Middle-East-and-North-Africa http://hdl.handle.net/10986/32479 |
_version_ |
1764476624073392128 |