From privilege to competition : unlocking private-led growth in the Middle East and North Africa

From privilege to competition : unlocking private-led growth in the Middle East and North Africa / [Najy Benhassine, principal author].

The future prosperity of most people of the Middle-East and North Africa--and the social cohesion of their countries--rests in great part on the ability of governments to enable the private sector to respond to this job creation challenge. This is what this report is about. It is about enabling the...

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Bibliographic Details
Main Author: Benhassine, Najy
Corporate Author: World Bank
Format: eBook
Language:English
Published: Washington, D.C. : World Bank, ©2009.
Series:MENA development report.
Subjects:
Economic development > Middle East.
Economic development > Africa, North.
Public-private sector cooperation > Middle East.
Public-private sector cooperation > Africa, North.
POLITICAL SCIENCE > Public Policy > Economic Policy.
BUSINESS & ECONOMICS > Government & Business.
BUSINESS & ECONOMICS > Development > Economic Development.
BUSINESS & ECONOMICS > Development > Business Development.
BUSINESS & ECONOMICS > Structural Adjustment.
BUSINESS & ECONOMICS > Development > General.
Economic development
Public-private sector cooperation
North Africa
Middle East
Online Access:Click for online access
Table of Contents:
  • Voices of Entrepreneurs Stories of Success, Hope, and Challenge
  • Listening to Entrepreneurs
  • Government Successes and Pitfalls in Supporting the Private Sector
  • Challenges Facing Entrepreneurs From Regulatory Barriers to Conflict and War
  • Privileges, Unlevel Playing Fields, and the Credibility of the Reforms
  • Hope and Enthusiasm for the Future
  • Private Sector Performance in the MENA Region: Explaining the Untapped Potestial
  • Searching for Signs of Sustained Private-Led Growth in MENA
  • The Growth of MENA Economies
  • An Economy-Wide Perspective
  • Firm-Level Productivity
  • Summing Up
  • Explaining the Private Sector's Weak Performance An Organizing Framework
  • The Need for Humility in Prescribing the Keys to Private-Led Growth
  • Policies, Institutions That Implement Them, and Expectations about the Future
  • Measuring Rules, How They Are Applied, and Expectations about the Future
  • Policy Reforms in MENA, Their Credibility, and Their Implementation
  • Is the Problem with Missing Reforms?
  • The Problem Is the Insufficient Private Sector Response to Reforms
  • Is It about the Way Rules and Policies Are Implemented?
  • Symptoms of a Business Environment That Is Not the Same for All
  • Summing Up
  • Policies and How They Are Applied: State Intervention and Discretion in Credit Land, and Industrial Policy
  • Access to Credit in MENA: Toward Better Supervision and Less Interference
  • Credit Markets and Banking Systems in MENA
  • Business Manager Perceptions of Credit Constraints
  • Beyond Perceptions and Complaints: How Many Firms Are Really Credit Constrained?
  • What Can Governments Do to Increase Access to Credit?
  • Reassessing the Spate's Role in Industrial Land Markets
  • The Low Access to Land in MENA Countries
  • Sources of Inefficiencies in Land Markets
  • Getting the Incentives Right in Enclaves
  • Power and Rent Seeking in Public Land Allocation and Regulation
  • The Way Forward
  • New Industrial Policies: Opportunities and Perils of Selective Interventions
  • A Tradition of Subsidies and Selective State Interventions
  • A Framework to Clarify a Controversial Debate
  • Private Sector Policies in MENA A Legacy of Disproportionate Interventionism
  • Assessing Risks of Industrial Policy Interventions
  • Should Oil-Rich Countries Intervene? Yes, but the Risks of Failure Are Higher
  • A Final Cautionary Note: Industrial Policies Could Succeed if the Right Conditions and Processes Are in Place
  • Designing Credible Private Sector Reforms Informed by Political Economy Realities
  • Institutions and State-Business Alliances Constraining Reforms and Credibility
  • Weak Supply of Reforms: Policy-Making Institutions That Lack Commitment and Credibility
  • Weak Demand for Reform: A Private Sector That Has Yet to Become an Agent of Change
  • What Can Reformers Do to Change the Political Economy Status Quo?
  • Rethinking Private Sector Policy Making in MENA
  • What Should Be Done Differently to Realign Investor Expectations?
  • Looking Forward: Unlocking the Region's Private Sector Potential.

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