You are looking at 1 - 1 of 1 items for :

  • Finance & Development x
  • Government Policy; Provision and Effects of Welfare Program x
  • Financial instruments x
  • United Kingdom x
  • Society and Social Sciences x
  • Social Services and Welfare x
  • Economic History and Conditions x
  • Social welfare & social services x
  • Portfolio management x
  • Renewable Resources and Conservation: Water x
  • Business and Economics x
  • International institutions x
  • Financial institutions x
Clear All
International Monetary Fund. External Relations Dept.

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.