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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Main Authors: Arezki, Rabah, Ait Ali Slimane, Meriem, Barone, Andrea, Decker, Klaus, Detter, Dag, Fan, Rachel Yuting, Nguyen, Ha, Miralles Murciego, Graciela, Senbet, Lemma
Format: Serial
Language:English
Published: Washington, DC: World Bank 2019
Subjects:
Online Access: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
id okr-10986-32479
recordtype oai_dc
spelling 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
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic 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
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