Abstract
Contents of the report are as follows: Long-term economic development: challenges and prospects for the Arab countries by Mustapha K. Nabli. Reform complementarities and economic growth in the Middle East and North Africa by Mustapha Kamel Nabli, and Marie-Ange Veganzones-Varoudakis. After Argentina: was MENA right to be cautious? By Mustapha K. Nabli. Restarting Arab economic reform by Mustapha K. Nabli. Democracy for better governance and higher economic growth in the MENA region? By Mustapha K. Nabli, and Carlos Silva-Jauregui. The political economy of industrial policy in the Middle East and North Africa by Mustapha K. Nabli, Jennifer Keller, Claudia Nassif, and Carlos Silva-Jauregui. The macroeconomics of labor market outcomes in MENA by Jennifer Keller, and Mustapha K. Nabli. Challenges and opportunities for the 21st century by Mustapha Nabli. Labor market reforms, growth, and unemployment in labor-exporting countries in the Middle East and North Africa by Pierre-Richard Agenor, Mustapha K. Nabli, Tarik Yousef, and Henning Tarp Jensen. Economic reforms and people mobility for a more effective EU-MED partnership by Ishac Diwan, Mustapha Nabli, Adama Coulibaly, and Sara Johansson de Silva. Cruise control, shock absorbers, and traffic lights by Mustapha K. Nabli. Trade, foreign direct investment, and development in the Middle East and North Africa by Farrukh Iqbal, and Mustapha Kamel Nabli. Making trade work for jobs by Dipak Dasgupta, Mustapha Kamel Nabli, Christopher Pissarides, and Aristomene Varoudakis. Exchange rate management within the Middle East and North Africa region by Mustapha Nabli, Jennifer Keller, and Marie-Ange Veganzones. How does exchange rate policy affect manufactured exports in MENA countries? By Mustapha Kamel Nabli, and Marie-Ange Veganzones-Varoudakis. Public infrastructure and private investment in the Middle East and North Africa by Pierre-Richard Agenor, Mustapha K. Nabli, and Tarik M. Yousef. Governance, institutions, and private investment by Ahmet Faruk Aysan, Mustapha Kamel Nabli, and Marie-Ange Veganzones-Varoudakis.
Highlights
The new framework for partnership between the European Union (EU) and the Southern Mediterranean countries was launched at the Barcelona Conference in November 1995; the Extraordinary Conference held in Barcelona in November 2005 marked its 10th anniversary
We presented a simulation model, based on the IMMPA framework developed by Agénor (2003), Agénor, Izquierdo and Fofack (2003), and Agénor, Fernandes, and Haddad (2003), which captures many of these features as well as other important structural characteristics of these countries
The EU-MED partnership needs to be revitalized and broadened if it is to fulfill its purpose of encouraging economic growth and the process of integration between the two regions
Summary
The new framework for partnership between the European Union (EU) and the Southern Mediterranean countries was launched at the Barcelona Conference in November 1995; the Extraordinary Conference held in Barcelona in November 2005 marked its 10th anniversary. The purpose of the initiative was to reinvigorate the partnership between the EU and the Southern Mediterranean (MED) countries, and work toward integration and convergence. Other examples of regional partnerships, both involving the EU (the Central European countries that became members of the EU in 2004) and outside (the United States-Canada-Mexico NAFTA agreement) are evidence of the potential benefits from integration between richer and poorer areas. For the EU-MED Partnership, there has been little progress so far compared with what the agreements set out to achieve. Lack of growth and lack of job creation are giving rise to a serious economic, political and social crisis
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