Trade, Investment, and Development in the Middle East and North Africa: Engaging with the World, Volume 763

Trade, Investment, and Development in the Middle East and North Africa: Engaging with the World describes why expanding trade and investment is vital for this region. The greatest economic challenge is to create enough jobs for its rapidly growing labor force, which is increasingly young and educated, to ward off threats to social and political stability inherent in high unemployment rates. This effort requires higher, and more sustainable, economic growth than has been achieved in the past two decades. Expanding trade and private investment offers the best hope. The potential is enormous given the region's human resources, skills, location, history, and opportunities. The book analyzes why the region has yet to tap fully into the rich stream of global commerce and investment--and the measures needed to do so, including improvements in the domestic investment climate and reforms in the policies of the region's trading partners. Its findings will appeal to policymakers in the region, the private sector and civil society, trade specialists, donors and partners, and anyone with an interest in the history and prospects of the Middle East and North Africa. This is by far one of the most detailed analytical works undertaken on trade and investment in the Middle East and North Africa countries. It is very well-written and easy to read: the text flows naturally with arguments and analysis that are both solid and convincing. Raed Safadi, Lead Economist and Chief of the Trade Policy Dialogue Division, Organisation for Economic Co-operation and Development