By Masood Ahmed
Recent popular protests in the Middle East and North Africa region, although likely to have a negative economic impact in the short run, might actually help to unleash the countries’ long-term growth potential.
By providing the impetus for reforms, these events may encourage better governance, greater transparency, and more competition—in other words, tackling many of the constraints that have held back progress in these societies. (more…)
Filed under: Emerging Markets, Employment, Low-income countries, Middle East | Tagged: competition, governance, growth potential, job-creating growth, jobs, long-term unemployment, social protection, social safety nets, transparency, unemployment, youth unemployment | 2 Comments »