Trade And Investment Hold Keys To Growth In Middle East And North Africa

In the countries of the Middle East and North Africa (MENA), trade and private investment are needed to provide new engines of growth and dynamism. With more trade and investment, countries in the region will be able to achieve faster growth, reduce poverty, create more jobs, and improve the knowled...

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Published in:World Trade 2004-10, Vol.17 (10), p.42
Main Authors: Nabli, Mustapha K, Dasgupta, Dipak
Format: Article
Language:English
Subjects:
Economic growth
Employment
Floating exchange rates
Foreign exchange rates
Foreign investment
Free trade
International trade
Investments
Labor market
Reforms
Tariffs
Trade agreements
Trade liberalization
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Dasgupta, Dipak
description In the countries of the Middle East and North Africa (MENA), trade and private investment are needed to provide new engines of growth and dynamism. With more trade and investment, countries in the region will be able to achieve faster growth, reduce poverty, create more jobs, and improve the knowledge, skills, and productivity of their work force. According to the World Bank, the most important development challenge in the coming decade is to create enough jobs for the rapidly growing work force. During 2000-10 the number of new entrants to the labor force will average 4.2 million a year, twice the number for the previous two decades. The best and most sustainable way for all countries in the region to address this challenge is to accelerate their trade and investment integration, with the help of their partners.
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subjects Economic growth
Employment
Floating exchange rates
Foreign exchange rates
Foreign investment
Free trade
International trade
Investments
Labor market
Reforms
Tariffs
Trade agreements
Trade liberalization
title Trade And Investment Hold Keys To Growth In Middle East And North Africa
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