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Other titles in the Mena Development Report series:

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

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From Privilege to Competition: Policies and Institutions to Unlock Private-Led Growth in the Middle East and North Africa Cover

 

Synopses & Reviews

Publisher Comments:

'From Privilege to Competition: Unlocking Private-Led Growth in the Middle East and North Africa' sheds new light on the difficult quest for stronger and more diversified growth in a region of unquestionable potential. It underlines the need to strengthen reforms in many areas specifically, by reducing policy uncertainty and improving credit and real estate markets. It also highlights other important issues that restrain the credibility and impact of reforms in many parts of the region: conflicts of interest between politicians and businesses, an investment climate that favors a few privileged firms, and a dominant private sector that often opposes reforms.The book recommends that countries in the Middle East and North Africa (MENA) engage in more credible reform agendas by improving the implementation of policies in a manner that will reduce discretion and privileges. This renewed commitment to stronger growth would entail several developments. First, governments will need to reduce opportunities for rent-seeking and foster competition. Second, they will need to work to reform institutions: private sector development policies will need to be systematically anchored in elements of institutional and public sector reforms in order to reduce discretion and opacity and improve the quality of services to firms. Third, they will need to mobilize all stakeholders, including larger representations from the private sector, around dedicated long-term growth strategies. Short of such a fundamental shift in the way private sector policies are formulated and implemented, investor expectations that governments are committed to reform will be limited. It will take political will and time to support sustained reforms that credibly convince investors and the public that changes are real, deep, and set to last.MENA countries are endowed with strong human capital, good infrastructure, immense resources, and a great deal of untapped creativity and entrepreneurship. The economic and social payoff of embarking on a more ambitious private-led growth agenda could thus be immense for all.

Book News Annotation:

Complementing the Bank's other reports championing the private sector as an engine for stronger growth and employment creation in the region, this report looks at market institutions, the quality of implementation of economic policies, and the credibility of reforms from the private sector perspectives. Among the topics are entrepreneurs telling of their success, hope, and challenge; productivity at the firm level; the need for humility in prescribing the keys to private-led growth; the insufficient private sector response to reforms; how governments can increase access to credit; getting the incentives right in enclaves; and what market reformers can to do change the political economy's status quo. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)

Synopsis:

A level playing field, with clear rules of the game, is by now recognized as the best recipe to bring about strong and sustainable economic growth. This report looks at the policies and institutions required to unlock private-led growth in the Middle East and North Africa.

Product Details

ISBN:
9780821378779
Author:
Benhassine, Najy
Publisher:
World Bank Publications
Author:
World Bank Group
Subject:
Development - Business Development
Subject:
Economic development - Middle East
Subject:
Economic development - Africa, North
Subject:
Development - Economic Development
Subject:
BUSINESS STRATEGY
Series:
Mena Development Report
Publication Date:
20091131
Binding:
TRADE PAPER
Language:
English
Illustrations:
Y
Pages:
243
Dimensions:
9.90x7.00x.70 in. 1.25 lbs.

Related Subjects

Business » Business Plans
Business » Strategy
History and Social Science » Economics » General

From Privilege to Competition: Policies and Institutions to Unlock Private-Led Growth in the Middle East and North Africa New Trade Paper
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Product details 243 pages World Bank Publications - English 9780821378779 Reviews:
"Synopsis" by , A level playing field, with clear rules of the game, is by now recognized as the best recipe to bring about strong and sustainable economic growth. This report looks at the policies and institutions required to unlock private-led growth in the Middle East and North Africa.
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