Monday, April 7, 2008

MENA economic reform

Paper at a Glance
• The key to successful reforms in the Middle East and North Africa (MENA) region is building on the linkages between democratic governance and market economies.
• Demographic pressures, an inefficient public sector, and the need for economic diversification led by the private sector are some of the top challenges facing MENA countries.
• Meaningful reforms require moving away from entrenched state monopolies on political and economic power.
• MENA governments should focus on creating an enabling environment for the private sector to lead sustainable economic growth and job creation.
• Through institutions of democratic governance, grassroots private sector voices can provide invaluable guidance on the design and implementation of reforms. (Thanks D.)

From the Center for International Private Enterprise. The pdf document is 23 pages long. Classical economics with no indication on how to actually implement this and about the linkages with the rich nations with strong states and protectionist policies.

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