Middle East Transitions: A Long, Hard Road

 
Author/Editor: Shahid Yusuf
 
Publication Date: July 25, 2014
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined business confidence, affected tourist arrivals, and depressed domestic and foreign direct investment. Furthermore, political and social tensions have constrained reform efforts. Assessing policy options as presented in the voluminous literature on the Arab Spring and based on cross-country experience, this paper concludes that sustainable and inclusive growth calls for a two pronged approach: short term measures that revive growth momentum and partially allay popular concerns; complemented with efforts to adjust the public’s expectations and prepare the ground for structural reforms that will deliver the desired longer tem performance.
 
Series: Working Paper No. 14/135
Subject(s): Transition economies | Middle East | Egypt | Jordan | Libya | Morocco | Tunisia | Yemen | Unemployment | Economic growth | Economic conditions | Cross country analysis

 
English
Publication Date: July 25, 2014
ISBN/ISSN: 9781498359122/1018-5941 Format: Paper
Stock No: WPIEA2014135 Pages: 54
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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