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International Monetary Fund. Middle East and Central Asia Dept.

Abstract

Prepared by Bruno Versailles (lead author), Olumuyiwa Adedeji, Botir Baltabaev, Magali Pinat, and Ling Zhu. Sebastián Herrador, Brian Hiland, and Jorge de León Miranda provided research assistance.

International Monetary Fund. Middle East and Central Asia Dept.

Abstract

Prepared by Boaz Nandwa. Research assistance was provided by Gohar Abajyan and Sebastian Herrador.

International Monetary Fund. Middle East and Central Asia Dept.

Abstract

Prepared by Sangyup Choi and Juan Treviño (lead author). Research assistance was provided by James Aylward, Jorge de León, and Sebastián Herrador.

International Monetary Fund. Middle East and Central Asia Dept.

Abstract

Prepared by Alexei Kireyev (lead author), Maxym Kryshko, Boaz Nandwa, and Magali Pinat, with research assistance by James Aylward and Samira Kalla.

International Monetary Fund. Middle East and Central Asia Dept.

Abstract

Prepared by Inutu Lukonga with research support from Sebastian Herrador. For a more detailed discussion, see Lukonga, forthcoming.

Reda Cherif, Fuad Hasanov, and Min Zhu

Abstract

The “Gulf Falcons”—the countries of the Gulf Cooperation Council—have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for the Gulf Falcons to diversify away from their current heavy reliance on oil exports. This book discusses attempts at diversification in the Middle East and North Africa and the complex choices policymakers face. It brings together the views of academics and policymakers to offer practical advice for future efforts to increase productivity growth.

Robert R. Miller

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Globalization is posing major challenges to the southern euro area (SEA-5) countries2—new products of better quality can be an alternative to increase their competitiveness. In this context, the main finding of this chapter is that product quality has not shown a marked improvement over the last decade. This slow progress appears associated with a loss of market share.