Finance & Development, March 2003
Finance & Development, March 2003
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Volume/Issue:
Volume 0040
Issue 001
Publication date: March 2003
ISBN: 9781451953350
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Available Languages and Formats
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| Arabic | ||||
| Chinese | ||||
| English | ||||
| French | ||||
| Spanish |
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Topics covered in this book
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Business and Economics , Finance , Labor , Economics- Macroeconomics , FD , F&D , country , exchange rate , government , price , MENA country , State company , cooperation scheme , oil-producing country , MENA region , monetary policy coordination , Exchange rate arrangements , Oil , Real exchange rates , gas and mining taxes , Exchange rates , Middle East , North Africa , East Africa , Global , North America
Summary
This paper analyzes why the Middle East and North Africa (MENA) region has lagged in growth and globalization. Despite attempts to spur recovery and initiate structural reforms, many countries in the region remain on a slow growth path, effectively sidelined from globalization and the benefits of closer economic integration with the rest of the world. The benefits from oil failed to generate a sustained growth dynamic or bring about greater regional economic integration. The paper highlights that the slowdown in economic reforms is a key factor for the economic depression in the MENA region.
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