Browse

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

  • Type: Journal Issue x
  • Society and Social Sciences x
  • Real sector x
  • Labor economics x
  • Books and Analytical Papers x
  • International Economics x
  • Mining engineering. Metallurgy x
  • Industries; Land Use; Labor x
  • Industry Studies: Manufacturing: General x
  • Cross-cutting issues x
  • Manufacturing industries x
  • International trade x
  • Public Enterprises; Public-Private Enterprises x
Clear All Modify Search
Shahid Yusuf
Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined business confidence, affected tourist arrivals, and depressed domestic and foreign direct investment. Furthermore, political and social tensions have constrained reform efforts. Assessing policy options as presented in the voluminous literature on the Arab Spring and based on cross-country experience, this paper concludes that sustainable and inclusive growth calls for a two pronged approach: short term measures that revive growth momentum and partially allay popular concerns; complemented with efforts to adjust the public’s expectations and prepare the ground for structural reforms that will deliver the desired longer tem performance.