This paper argues for a transformation of finance to support the economic and social transformation of the Middle East and North Africa. The paper first documents the existing financial system in the region. The system is heavily skewed toward banking, relative to non-banking services, such as...

This book surveys major economic issues in the development of countries in the Middle East and North Africa (MENA) region since World War II. It presents a framework of analysis highlighting underlying continuities in the region's approach to issues of growth, management of oil and natural...

Key Features:Integrates concepts in development economics, political economy and factors and the experience of countries in the Middle East and North Africa (MENA) regionProvides up-to-date data and analysis on key issues such as unemployment, water scarcity, private sector development and oil...

Countries in the Middle East and North Africa region have unprecedented opportunities for transforming their economies through accelerated economic growth, but the countries themselves must ensure the necessary conditions. This study, by the Middle Eastern Department, focuses on four areas that...

Introduction : explaining growth in the Middle East / M. Hashem Pesaran -- Financial development and economic growth in the MENA countries / Magda Kandil -- Labor markets and economic growth in the MENA region / Marie Ange Veganzones-Varoudakis -- Microeconomics of growth in MENA : the role of...