From Privilege to Competition : Unlocking Private-Led Growth in the Middle East and North Africa

The future prosperity of most people of the Middle-East and North Africa-and the social cohesion of their countries-rests in great part on the ability of governments to enable the private sector to respond to this job creation challenge. This is what this report is about. It is about enabling the new generations of entrepreneurs that have emerged over the past years all across the region to play a bigger role in the growth of their countries. It is also about encouraging more investors to believe in the prospects of the region and trusting that business-friendly policy reforms will benefit them and not only a minority of privileged entrepreneurs. From privilege to competition: unlocking private-led growth in the Middle-East and North Africa complements previous regional flagship reports published by the World Bank. In particular, the 2004 flagship report on trade and investment in the MENA region and the 2008 report on education touched upon other fundamental ingredients of economic competitiveness and private sector development. By focusing on market institutions, the quality of implementation of economic policies and the credibility of reforms from the private sector perspective, this report offers a new angle to the growth and employment challenge of the MENA region.

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Year of publication:	2009
Authors:	Bank, World
Publisher:	Herndon : World Bank Publications
Subject:	Nordafrika \| North Africa \| Mittlerer Osten \| Middle East \| Wirtschaftswachstum \| Economic growth \| MENA-Staaten \| MENA countries

Extent:	1 online resource (229 pages)
Series:	MENA Development Report
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based on publisher supplied metadata and other sources. Contents; Foreword; Preface; Acknowledgments; Glossary of Terms; Abbreviations; Overview; Figure 0.1 Stagnating Private Investment Rates; Figure 0.2 Lower Diversification of Exports; Figure 0.3 The Number of Regulatory Reforms Has Increased Recently in MENA Countries; Figure 0.4 Reform Episodes and Private Investment Response; Figure 0.5 Overall, the Business Environment in MENA Countries Looks "Average," as It Does in Many Fast-Growing Economies; Figure 0.6 Policy Uncertainty and the Unequal Implementation of Rules Are Leading Constraints to Businesses Figure 0.7 Perceptions about the Consistency and Predictability of Rules and Regulations as They Are Applied in MENA CountriesFigure 0.8 The Lasting Influence of the Business Elite and the Lack of Dynamism and Competition in the Private Sector; 1. Voices of Entrepreneurs-Stories of Success, Hope, and Challenge; Figure 1.1 Most MENA Economies Are Private Sector Based, 2005 and Previous Decades; Part I Private Sector Performance in the MENA Region: Explaining the Untapped Potential; Figure 2.1 Middle East and North Africa's Weak Growth in International Perspective Figure 2.2 Middle East and North Africa's Growth over the Long TermFigure 2.3 Contributions to the Growth of GDP in 2007-Insufficient Role for Exports; Figure 2.4 Private Investment as a Share of Total Investment; Figure 2.5 Private Investment as a Share of GDP, 1995-2006; Figure 2.6 Gross Private Investment, 1980-2006; Figure 2.7 Net FDI Flows as a Share of GDP, 1970-2005; Figure 2.8 Structure of Foreign Direct Investment, Cumulative 2000-07; Box 2.1 An Emerging Consensus on the Link between Export Diversification and Growth; Figure 2.9 Manufactured Exports to GDP, 1965-2006 Figure 2.10 Recent Export Growth among MENA's Resource-Poor, Labor-Abundant CountriesFigure 2.11 Technology Content of Exports: Medium- and High-Technology Exports; Figure 2.12 Number of Products Exported; Figure 2.13 Lower Diversification of Exports; Figure 2.14 Proportion of New Products in 2006 Export Basket; Figure 2.15 Total Factor Productivity: MENA Countries and Comparators; Figure 2.16 Labor Productivity: MENA Countries and Comparators; Figure 3.1 The Firm and Its Investment Climate Figure 3.2 The Firm and Its Investment Climate: Rules and Policies and the Institutions That Implement ThemFigure 4.1 Overall, the Business Environment in MENA Countries Looks "Average," as It Does in Many Fast-Growing Economies; Figure 4.2 The Number of Regulatory Reforms Has Increased Recently in MENA Countries; Figure 4.3 MENA Tariff Reductions Top Those of All Other Regions, 2000-07; Figure 4.4 Private Investment Has Been Rising; Figure 4.5 MENA Business Creation between 2002 and 2005 Leads the Developing World; Figure 4.6 Reform Episodes and Private Investment Response Figure 4.7 Private Investment's Response to More than a Decade of Reforms Has Been Relatively Weak, 1990 and 2006
ISBN:	978-0-8213-7889-2 ; 0-8213-7877-5 ; 0-8213-7889-9 ; 978-0-8213-7877-9 ; 978-0-8213-7877-9
Source:	ECONIS - Online Catalogue of the ZBW

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