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Emerging Developments and Challenges in the Arab World

ACCESS TO FINANCE ACCESS TO INFORMATION ACCESS TO JOBS ACCESS TO SERVICES ACCOUNTABILITY ADVISORY SERVICES ANTI-TRUST POLICIES BANK RISK BARRIERS TO ENTRY BUDGETARY SUPPORT CLEAN TECHNOLOGY COMMODITY CONSOLIDATION CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT LINES DEVELOPMENT STRATEGIES DIVERSIFICATION ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC REFORMS EDUCATION SYSTEM EDUCATION SYSTEMS EMPLOYERS EMPLOYMENT EMPLOYMENT GENERATION EMPLOYMENT OPPORTUNITIES ENTREPRENEURSHIP FEMALE LABOR FEMALE LABOR FORCE FINANCIAL COSTS FINANCING FACILITIES FIRM LEVEL FISCAL CONSOLIDATION FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN EXCHANGE FUND INVESTMENT GLOBAL ECONOMY GLOBAL EQUITY GLOBAL EQUITY MARKETS GLOBAL MARKETS HARMONIZATION HEALTH SERVICES HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES INCOME INFLATIONARY PRESSURES INNOVATION INSTITUTIONAL CAPACITIES INSTITUTIONAL CAPACITY INSURANCE INTERNATIONAL BEST PRACTICES INVESTMENT PLAN KNOWLEDGE ECONOMY LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKET POLICIES LABOR MARKET POLICY LABOR MARKETS LABOR MOBILITY LABOR PRODUCTIVITY LABOR REGULATION LABOR REGULATIONS LIBERALIZATION MACROECONOMIC STABILITY MICROFINANCE MORTGAGES PENSIONS POLICY ENVIRONMENT PORTFOLIOS PRICE VOLATILITY PRIVATE ENTITIES PRIVATE INVESTMENT PRIVATE SECTOR PRODUCTIVITY PROTECTING WORKERS PUBLIC ENTERPRISES REAL SECTOR RECEIPTS REGIONAL TRADE REGULATORY FRAMEWORKS RISK MANAGEMENT SAFETY SAFETY NETS SOCIAL EXCLUSION SOCIAL INCLUSION SOCIAL JUSTICE SOCIAL PROTECTION SOCIAL SECURITY STUDENT LOANS SUPPLY CHAINS TAX TECHNOLOGY TRANSFER TOTAL FACTOR PRODUCTIVITY TRADE FACILITATION TRADE FINANCE TRAINING PROGRAMS TRANSITIONAL GOVERNMENTS TRANSPARENCY TRANSPORT UNEMPLOYMENT UNEMPLOYMENT INSURANCE UNEMPLOYMENT RATES VOCATIONAL EDUCATION VULNERABLE GROUPS YOUTH EMPLOYMENT
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Washington, DC: World Bank
Middle East and North Africa
2012-08-13T08:38:28Z | 2012-08-13T08:38:28Z | 2011-02

The events of the last few weeks are a watershed for Tunisia, Egypt, and other Middle East and North Africa (MENA) countries. The ongoing political events will resonate regionally and globally and, if followed by sound transitions to better governance structures, these events provide a unique opportunity to change MENA's political and social landscape. The root cause of the political turmoil in MENA is fatigue with longstanding authoritarian rule and weak political and economic governance as confirmed by public concerns over voice, social justice, accountability and access to services. The MENA region also has its strengths: its youth, resource base and the resilience shown during the global crisis. The economic and social impact will be significant in the short term with slippages in economic growth, fiscal revenues and tourism and Foreign Direct Investment (FDI) receipts. Large parts of the population lack adequate access to jobs, land, services, finance and justice. They may be further affected as inflationary pressures grow depending, among others, on oil and food prices.

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