Strong cyclical dynamics, together with an easing of macroeconomic policies in the United States and elsewhere, have boosted large parts of the global economy, into the initial phase of a recovery in 2002. Nonetheless, the global recovery is fragile, because investment spending is insufficient...

The book describes why expanding trade, and investment is vital for the Middle East and North Africa 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...