Long-Term Economic Development Challenges and Prospects for the Arab Countries
The Arab region faces a growing realization that development paths of the past are no longer capable of achieving national objectives. The problem of insufficient job creation in the Arab region is mounting, and without fundamental transitions in t...
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| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/365401503577951107/Long-term-economic-development-challenges-and-prospects-for-the-Arab-countries http://hdl.handle.net/10986/28427 |
| Summary: | The Arab region faces a growing
realization that development paths of the past are no longer
capable of achieving national objectives. The problem of
insufficient job creation in the Arab region is mounting,
and without fundamental transitions in the Arab economies
which ensure greater and sustainable job creation, the
employment challenge will worsen rapidly and dramatically.
The authors will articulate the broad course of action
needed in the Arab economies. First, in Section II the
authors describe the development challenges facing the Arab
world, in particular, the challenge of employment creation.
In Section III, the authors examine the constraints of the
old development model in the region in terms of meeting
these development challenges. Section IV proposes a set of
transitions that constitute the contours of a new
development model. Section V outlines the fundamental
changes needed for making this transition, including
improved governance, higher quality education and greater
gender equality. The concluding section VI makes a few
observations about the feasibility and issues of implementation. |
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