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Global Economy

Beware the macroeconomic iceberg hiding in unchartered political waters

Caroline Freund's picture
        World Bank | Arne Hoel

As Arab countries mark the two-year anniversaries of their revolutions, economic challenges remain sharp, and the current political and policy uncertainty make it difficult to forecast how growth will evolve over the longer run. One way to reduce some of the guesswork is to look at what has typically happened in other transitions. In a recent paper, we identified and examined 90 attempts at transition from autocracy to democracy that took place over the last half century.

World Economy – a glass half empty or half full?

LTD Editors's picture

As Kaushik Basu said yesterday, downside risks to the global economy have diminished, market conditions look better, borrowing costs in advanced economies are down from worrying levels seen last June, and developing country growth is still in the 5 percent range. Yet this improvement is transmitting to the real side very minimally.

That was just one of the takeaways from Global Economic Prospects 2013, launched January 15. A new-look global outlook site allows users to access a wealth of analysis, forecasts and data for the world’s economies.

The Arab Spring: an opportunity for financial inclusion?

Guest Blogger's picture
        Photo Credit: Yavuz Saryildiz

The end of 2011 was undeniably a momentous time across the Arab World with uprisings first emerging in Tunisia and Egypt and then spreading to Libya, Yemen, and Syria. Expectations of 2012 were high as old regimes were discarded and new governments brought with them hopes of more equitable societies and opportunities for all.

The virtual tribe: community of practitioners explores employment & safety nets in MENA

Amina Semlali's picture
        Javier Santos

Tune in for the live streaming of a virtual knowledge sharing forum on the topic of jobs on January 16 and January 17 at 8:30 AM EST (3:30 PM Istanbul time). This is a unique opportunity for anyone interested in this issue to connect with experts and top-level practitioners with just a few clicks. Participate in the debate, ask questions and share your views!

Business regulations in Lebanon: where are we? where do we go now?

Jamal Ibrahim Haidar_2's picture
                      World Bank | Emad Abd El Hady

During my time in Lebanon last summer, I convinced a close friend, Maroun, to start a small manufacturing firm for producing soap and shampoo. Eventually, he got the business off the ground, but there is no such thing as a free lunch. I witnessed the pain that Maroun had to go through to formally register and set up his business.

Jordan NOW: randomized experiment designed to boost female labor force participation

Matthew Groh's picture

        World Bank

The low participation rates of women in the workforce in the Middle East and North Africa, lower than any other region in the world, has puzzled analysts for some time. A number of competing causes have been identified, ranging from Islam and geography to natural resource wealth and the character of MENA institutions. Yet what’s missing from the debate so far is an analysis of the microeconomic constraints limiting women from entering the workforce.

Banking regulation and supervision in the Arab world

Amin Mohseni-Cheraghlou's picture

        World Bank | Arne Hoel

Did you ever want to know more about banking regulation and supervision in Middle East and North Africa? It has been possible, for some time now, to get a good sense of MENA's banking regulations and how they compare to other countries and regions in the world. This is thanks in large part to the World Bank’s global Banking Regulation and Supervisory Survey

Education in Egypt: inequality of opportunity across three generations

Lire Ersado's picture

        Kim Eun Yeul

The political transition in Egypt has gone through many phases, but the ability to deliver on the demand for bread, dignity, opportunity and social justice that epitomized the 2011 revolution will continue to stand as an arbiter of its ultimate success. This will be especially apparent in the distribution of economic opportunities and how they are shaped by public policies.

Keep all eyes on the macro

Elena Ianchovichina's picture

        Kim Eun Yeul
Although regional economic activity is expected to accelerate in 2012, growth is expected to retreat slightly in 2013. The single biggest risk to this forecast is prolonged political and policy uncertainty, which is a key constraint to private investment and trade, particularly trade in services, while political and social unrest are serious downside risks to the outlook.

Egypt DM launch and roadshow!

Ehaab Abdou's picture

        Kim Eun Yeul

After several months of planning and consultations with our partners, which started in May 2011, the Egypt Development Marketplace (DM) was launched on November 8, 2012. As part of the outreach strategy, the Egypt DM team organized a series of information sessions in four of Upper Egypt’s major cities; Asyut, Qena, Aswan and Minya. The sessions were co-organized and co-hosted with Egypt DM partners International Labor Organization, Social Fund for Development, Sawiris Foundation, and others.


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