Reaching New Heights: Promoting Fair Competition in the Middle East and North Africa

Rabah Arezki, Meriem Ait Ali Slimane, Andrea Barone, Klaus Decker, Dag Detter, Rachel Yuting Fan, Ha Nguyen, Graciela Miralles Murciego, Lemma Senbet

Oct 1, 2019 · World Bank, MENA Economic Update (October 2019)

Paper (PDF)

Abstract

The Middle East and North Africa (MENA) needs bolder and deeper economic reforms. GDP growth is projected to be 0.6% in the region in 2019, a fraction of what is needed to create enough jobs for the fast-growing working-age population. Even in those few countries that have had periods of higher growth, poverty failed to decline, suggesting a need for reforms to instill fair competition and promote inclusive growth. It is time for MENA countries to focus on both demonopolizing their markets and harnessing the collective domestic demand of their economies to achieve export-led growth regionally and internationally.

Cite

Arezki, Rabah, Meriem Ait Ali Slimane, Andrea Barone, Klaus Decker, Dag Detter, Rachel Yuting Fan, Ha Nguyen, Graciela Miralles Murciego, and Lemma Senbet. 2019. “Reaching New Heights: Promoting Fair Competition in the Middle East and North Africa.” World Bank, MENA Economic Update (October 2019).

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