The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector

MENA felt the impact of the financial and economic crisis to a much lesser extent than developed economies and emerging markets outside Asia, however, the economic recovery in MENA has also lacked vigor. Before the recent uprisings, MENA was expect...

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Bibliographic Details
Main Author:	Ianchovichina, Elena
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	CARBON ENVIRONMENTAL DEGRADATION FOSSIL FUELS HYDROCARBON SECTOR INCOME OIL OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL EXPORTS OIL IMPORTERS OIL IMPORTING OIL IMPORTING COUNTRIES OIL INDUSTRY OIL REVENUES OIL SECTOR PER CAPITA INCOME PETROCHEMICAL INDUSTRY REAL ESTATE
Online Access:	http://documents.worldbank.org/curated/en/2011/03/14282455/middle-east-north-africa-dependence-capital-intensive-hydrocarbon-sector http://hdl.handle.net/10986/10898

id	okr-10986-10898
recordtype	oai_dc
spelling	okr-10986-108982021-04-23T14:02:53Z The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector Ianchovichina, Elena CARBON ENVIRONMENTAL DEGRADATION FOSSIL FUELS HYDROCARBON SECTOR INCOME OIL OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL EXPORTS OIL IMPORTERS OIL IMPORTING OIL IMPORTING COUNTRIES OIL INDUSTRY OIL REVENUES OIL SECTOR PER CAPITA INCOME PETROCHEMICAL INDUSTRY REAL ESTATE MENA felt the impact of the financial and economic crisis to a much lesser extent than developed economies and emerging markets outside Asia, however, the economic recovery in MENA has also lacked vigor. Before the recent uprisings, MENA was expected to return to pre-crisis growth rates of 4.8 percent by 2011-12, but growth rates in this range are not high enough to address the key challenges facing the region, including high unemployment rates - especially for young people and low labor-force participation rates, notably for women. The region also has one of the world's lowest formal employment rates as well as the highest population and labor force growth rates among middle-income economies. To address these challenges MENA's economy should be growing at rates close to those observed in East Asia and other high performing emerging economies. It has not done so. 2012-08-13T13:28:38Z 2012-08-13T13:28:38Z 2011-03 http://documents.worldbank.org/curated/en/2011/03/14282455/middle-east-north-africa-dependence-capital-intensive-hydrocarbon-sector http://hdl.handle.net/10986/10898 English MENA Knowledge and Learning Quick Notes Series; No. 38 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa Middle East and North Africa Europe and Central Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CARBON ENVIRONMENTAL DEGRADATION FOSSIL FUELS HYDROCARBON SECTOR INCOME OIL OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL EXPORTS OIL IMPORTERS OIL IMPORTING OIL IMPORTING COUNTRIES OIL INDUSTRY OIL REVENUES OIL SECTOR PER CAPITA INCOME PETROCHEMICAL INDUSTRY REAL ESTATE
spellingShingle	CARBON ENVIRONMENTAL DEGRADATION FOSSIL FUELS HYDROCARBON SECTOR INCOME OIL OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL EXPORTS OIL IMPORTERS OIL IMPORTING OIL IMPORTING COUNTRIES OIL INDUSTRY OIL REVENUES OIL SECTOR PER CAPITA INCOME PETROCHEMICAL INDUSTRY REAL ESTATE Ianchovichina, Elena The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector
geographic_facet	Africa Middle East and North Africa Europe and Central Asia
relation	MENA Knowledge and Learning Quick Notes Series; No. 38
description	MENA felt the impact of the financial and economic crisis to a much lesser extent than developed economies and emerging markets outside Asia, however, the economic recovery in MENA has also lacked vigor. Before the recent uprisings, MENA was expected to return to pre-crisis growth rates of 4.8 percent by 2011-12, but growth rates in this range are not high enough to address the key challenges facing the region, including high unemployment rates - especially for young people and low labor-force participation rates, notably for women. The region also has one of the world's lowest formal employment rates as well as the highest population and labor force growth rates among middle-income economies. To address these challenges MENA's economy should be growing at rates close to those observed in East Asia and other high performing emerging economies. It has not done so.
format	Publications & Research :: Brief
author	Ianchovichina, Elena
author_facet	Ianchovichina, Elena
author_sort	Ianchovichina, Elena
title	The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector
title_short	The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector
title_full	The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector
title_fullStr	The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector
title_full_unstemmed	The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector
title_sort	middle east and north africa and dependence on the capital-intensive hydrocarbon sector
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2011/03/14282455/middle-east-north-africa-dependence-capital-intensive-hydrocarbon-sector http://hdl.handle.net/10986/10898
_version_	1764414783196495872

The Middle East and North Africa and Dependence on the Capital-Intensive Hydrocarbon Sector

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