Jobs, Growth, and Governance in the Middle East and North Africa : Unlocking the Potential for Prosperity
This report identifies the following as the fundamental challenges and changes that the Middle East and Africa must meet and make in order to improve living standards over the next two decades: Between eighty and one hundred million new jobs to be...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2003/01/6130795/jobs-growth-governance-middle-east-north-africa-unlocking-potential-prosperity http://hdl.handle.net/10986/23981 |
| Summary: | This report identifies the following as
the fundamental challenges and changes that the Middle East
and Africa must meet and make in order to improve living
standards over the next two decades: Between eighty and one
hundred million new jobs to be created by 2020. Economic
growth to be lifted from a sluggish 3.4 percent over the
late 1990s to at least 6-7 percent a year. Governance to
move from traditional autocracies to more inclusive
governments, accountable to the people. Women to be more
equitably included in economic activity and to harness the
significant potential economic benefits from an increasingly
educated and healthy female population. Public sectors to
open the door to more private initiative. Economies
dependent on oil and workers' remittances to diversify
into manufacturing and services. Closed trading regimes to
integrate with new trading partners in the region and the
world. Impossible? No. Imperative? Yes. The political
imperatives for such change and the stability of the old
order are two opposing forces. The balance is shifting
toward the need for reform as joblessness and slow growth
make the old order increasingly costly and unsustainable. |
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