Despite some progress in economic policy – in macroeconomic stability in the 1980s, and in structural reforms in the 1990s – the MENA countries have failed to attract foreign direct investments (FDI). This may be due to several factors. In this paper we empirically verify from a panel of 72...

This paper was prepared by Nasser Saidi & Associates to aid discussions during the MENA-OECD Working Group on Investment and Trade‘s 2018 meeting. The Middle East and North Africa (MENA) region accounted for only 5% of global exports and 4.3% of total imports in 2017. Merchandise exports from...