Overview

Despite some pre-pandemic gains in poverty reduction, literacy, and lifespans, many economies in the Middle East and North Africa (MENA) have struggled to ensure that the benefits of economic development and diversification accrue equitably to all segments of their populations. Among the main issues that remain unresolved are the high share of inactive youth; large gaps in economic opportunities for women; fragmented social protection systems; and underdeveloped private sectors with tight regulation, absence of a level playing field, and limited access to credit that stifle the creation of new firms and growth, employment, and incomes. The COVID-19 pandemic not only risks wiping out some of the progress made in the region over the past decades, but could also exacerbate inequality in a durable way. Countries across the MENA region need to evolve their economic models to boost job creation and make sure that the benefits of economic development are shared more widely among all their citizens. This book's objective is to reassess the inclusive growth agenda in the MENA region in light of the rapidly changing pandemic-influenced world. It argues that countries need to embrace global trade and technological advances and evolving demographics at home as an opportunity to successfully implement policies that foster higher and more inclusive growth. It underscores that a return to the old social contract is neither desirable nor feasible. The book presents a comprehensive view of policies suited to the regional context that would boost job-rich and inclusive growth within a resilient macroeconomic policy framework. Its goal is to provide guidance to policymakers in the region to frame how best to promote inclusive growth.

Full Product Details

Author:   Roberto Cardarelli ,  Mercedes Vera Martin ,  Subir Lall
Publisher:   International Monetary Fund (IMF)
Imprint:   International Monetary Fund (IMF)
Weight:   0.272kg
ISBN:  

9798400200038

Pages:   144
Publication Date:   31 January 2023
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Introduction - Roberto Cardarelli, Mercedes Vera Martin & Subir Lall 1. Defining and Measuring Inclusive Growth in the MENA Region - Aidyn Bibolov, Yang Yang & Jiayi Ma 2. Inclusiveness, Growth, and Stability - Chiara Maggi & Xin Tang 3. Fostering Private-Sector-Led Growth in the MENA Region: A New Role for the State - Suchanan Tambunlertchai, Monica Petrescu & Mahdi Ansari 4. The Changing Nature of Work: Improving the Functioning of Labor Markets - Sidra Rehman & Agustin Velasquez 5. Addressing Gender Gaps in MENA Labor Markets - Hippolyte Balima & Diego Gomes 6. Improving Human Capital in the MENAP Region through Adequate and Efficient Social Spending - Anastasia Guscina 7. Financial Inclusion - Anta Ndoye & Adolfo Barajas 8. Moving from Aspiration to Action on Climate Adaptation - Gareth Anderson

Reviews

This highly timely book provides an overview of the key economic challenges facing the Middle East and North Africa. Using rigorous evidence and analysis as well as comparisons with other parts of the world, it makes a compelling case for reforms that would create a better future for the region. - Minouche Shafik - London School of Economics and Political Science The Middle East and North Africa is one of the most unequal regions in the world. Without increased inclusiveness and transparency about the distribution of income and wealth, instability and poverty will persist. This volume provides an important step to shift the approach. A mustread! - Thomas Piketty - Ecole des Hautes Etudes en Sciences Sociales (EHESS) and Paris School of Economics Based on in-depth and innovative analysis, the authors of this timely book provide practical and realistic recommendations that are a must-read for policymakers and analysts in search of a more inclusive economic and social growth model for the region's future. -Masood Ahmed - President, Center for Global Development

Author Information

The International Monetary Fund (IMF) is an international organization of 185 Member Countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries in order to help ease balance of payments adjustments.

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