Governance and Private Investment in the Middle East and North Africa

Governance and Private Investment in the Middle East and North Africa

Author: Ahmet Faruk Aysan

Publisher: World Bank Publications

Published: 2006

Total Pages: 65

ISBN-13: 0530161214

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"This paper addresses the issue of the low level of private investment in the Middle East and North Africa (MENA) region, with special emphasis on the role of governance. Based on the existing literature, the authors categorize what types of governance institutions are more detrimental to entrepreneurial investments. They then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. The empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of "administrative quality" in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, and law and order, as well as for "political stability." Evidence in favor of "public accountability" seems, however, less robust. The estimations also stress that structural reforms-such as financial development and trade openness-and human development affect private investment decisions directly, and/or through their positive impact on governance. These findings bring new empirical evidence on the subject of private investment in the developing world and in MENA countries in particular. "--World Bank web site.


Governance Institutions and Private Investment

Governance Institutions and Private Investment

Author: Marie-Ange Veganzones-Varoudakis

Publisher:

Published: 2011

Total Pages: 0

ISBN-13:

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This paper addresses the issue of the low level of private investment in the Middle East and North Africa (MENA) region, with special emphasis on the role of governance. Based on the existing published reports, we categorize what types of governance institutions are more detrimental to entrepreneurial investments. We then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. Our empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of “administrative quality” in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, law and order, as well as for “political stability.” Evidence in favor of “public accountability” is also found. Our estimations also stress that structural reforms like financial development, trade openness, and human development affect private-investment decisions directly, and/or through their positive effect on governance.


Governance and Private Investment in the Middle East and North Africa

Governance and Private Investment in the Middle East and North Africa

Author: Ahmet Faruk Aysan

Publisher:

Published: 2016

Total Pages: 65

ISBN-13:

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This paper addresses the issue of the low level of private investment in the Middle East and North Africa (MENA) region, with special emphasis on the role of governance. Based on the existing literature, the authors categorize what types of governance institutions are more detrimental to entrepreneurial investments. They then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. The empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of administrative quality in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, and law and order, as well as for political stability. Evidence in favor of public accountability seems, however, less robust. The estimations also stress that structural reforms - such as financial development and trade openness - and human development affect private investment decisions directly, and/or through their positive impact on governance. These findings bring new empirical evidence on the subject of private investment in the developing world and in MENA countries in particular.


Public Sector Reform in the Middle East and North Africa

Public Sector Reform in the Middle East and North Africa

Author: Robert P. Beschel

Publisher: Brookings Institution Press

Published: 2020-12-01

Total Pages: 328

ISBN-13: 0815736983

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Critical examinations of efforts to make governments more efficient and responsive Political upheavals and civil wars in the Middle East and North Africa (MENA) have obscured efforts by many countries in the region to reform their public sectors. Unwieldy, unresponsive—and often corrupt—governments across the region have faced new pressure, not least from their publics, to improve the quality of public services and open up their decisionmaking processes. Some of these reform efforts were under way and at least partly successful before the outbreak of the Arab Spring in 2010. Reform efforts have continued in some countries despite the many upheavals since then. This book offers a comprehensive assessment of a wide range of reform efforts in nine countries. In six cases the reforms targeted core systems of government: Jordan's restructuring of cabinet operations, the Palestinian Authority's revision of public financial management, Morocco's voluntary retirement program, human resource management reforms in Lebanon, an e-governance initiative in Dubai, and attempts to improve transparency in Tunisia. Five other reform efforts tackled line departments of government, among them Egypt's attempt to improve tax collection and Saudi Arabia's work to improve service delivery and bill collection. Some of these reform efforts were more successful than others. This book examines both the good and the bad, looking not only at what each reform accomplished but at how it was implemented. The result is a series of useful lessons on how public sector reforms can be adopted in MENA.


Challenges of Growth and Globalization in the Middle East and North Africa

Challenges of Growth and Globalization in the Middle East and North Africa

Author: Mr.Hamid R Davoodi

Publisher: International Monetary Fund

Published: 2003-09-05

Total Pages: 44

ISBN-13: 9781589062290

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The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.


Global Trends 2040

Global Trends 2040

Author: National Intelligence Council

Publisher: Cosimo Reports

Published: 2021-03

Total Pages: 158

ISBN-13: 9781646794973

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.


Better Governance for Development in the Middle East and North Africa

Better Governance for Development in the Middle East and North Africa

Author: Charles Humphreys

Publisher: World Bank Publications

Published: 2003

Total Pages: 314

ISBN-13:

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This publication proposes an analytical framework for discussing and measuring good governance in the Middle East and North Africa (MENA) region, based on the values of inclusiveness and accountability. It draws on examples, both regionally and internationally, in order to highlight the importance of good governance for economic and social development. The book identifies positive trends in the region, despite the region's legacy of limited public disclosure and transparency, and considers key challenges remaining for countries in the region to further the governance agenda.


Private Finance for Development

Private Finance for Development

Author: Hilary Devine

Publisher: International Monetary Fund

Published: 2021-05-14

Total Pages: 161

ISBN-13: 1513571567

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The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.