Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa

WPIEA2012111 Image
Price:  $18.00

Author/Editor: Rabah Arezki, Mustapha K. Nabli
Release Date: © May, 2012
ISBN : 978-1-47550-332-6
Stock #: WPIEA2012111
English
Stock Status: On back-order

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Description

This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on standard income level measures. Resource rich countries in MENA have experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important improvements in health and education have taken place but the quality of the provision of public goods and services remains an important source of concerns. Looking forward we argue that the success of economic reforms in MENA rests on the ability of those countries to invest boldly in building inclusive institutions as well as high levels of human capacity in public administrations.

Taxonomy

Business cycles , Economic development , Economic policy , Education , Social policy




More publications in this series: Working Papers


More publications by: Rabah Arezki ; Mustapha K. Nabli