Unlocking Sustainable Private Sector Growth in the Middle East and North Africa : Evidence from the Enterprise Survey
Economic growth in the Middle East and North Africa (MENA) has been weak since the global financial crisis of 2007-09 and the Arab Spring of the early 2010s. Achieving higher and sustainable growth is particularly important in view of other economi...
| Main Authors: | , , |
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| Format: | Book |
| Language: | English |
| Published: |
Luxembourg City: European Investment Bank; London: European Bank for Reconstruction and Development; Washington, DC: World Bank
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099915006222230892/P17850507c961d007089ce07b13191e8ac0 http://hdl.handle.net/10986/37601 |
| Summary: | Economic growth in the Middle East
and North Africa (MENA) has been weak since the global
financial crisis of 2007-09 and the Arab Spring of the early
2010s. Achieving higher and sustainable growth is
particularly important in view of other economic challenges
facing the region: public debt in MENA countries has
increased considerably over the last decade, accompanied by
declining investment. This report seeks to understand what
lies beneath that relatively slow growth, with a particular
focus on the reasons for stagnating productivity and
inadequate accumulation of human capital and physical
capital in the region’s private sector. To this end, the
report summarizes the main findings from nine background
papers based on enterprise survey data. It also draws
conclusions for policy, not only for promoting stronger firm
performance, but also for addressing the challenge of
climate change by pursuing sustainable growth. |
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