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Trading Together

Reviving Middle East and North Africa Regional Integration in the Post-Covid Era

By: Rabah Arezki,Blanca Moreno-Dodson,Rachel Yuting Fan,Romeo Gansey,Ha Nguyen,Minh Cong Nguyen,Lili Mottaghi,Constantin Tsakas,Christina Wood,Nelly El-Mallakh

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Trading Together

Reviving Middle East and North Africa Regional Integration in the Post-Covid Era

By: Rabah Arezki,Blanca Moreno-Dodson,Rachel Yuting Fan,Romeo Gansey,Ha Nguyen,Minh Cong Nguyen,Lili Mottaghi,Constantin Tsakas,Christina Wood,Nelly El-Mallakh

Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is revised down by 0.8 percentage points from the April 2019 projection. MENA’s economic outlook is subject to substantial downside risks—most notably, intensified global economic headwinds and rising geopolitical tensions. Part II argues that promoting fair competition is key for MENA countries to complete the transition from an administered to a market economy. Part II first examines current competition policies in MENA countries and to promote fair competition calls for strengthening competition law and enforcement agencies. It also calls for corporatizing state-owned enterprises, promoting the private sector and creating a level-playing field between them. Any moves to reform MENA economies would be aided by professional management of public assets, which could tap into a new source of national wealth.

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Page Count

120

Publisher

World Bank Publications

Published Date

ISBN 10

1464816395

ISBN 13

9781464816390

Strengthening Domestic Resource Mobilization

Moving from Theory to Practice in Low- and Middle-Income Countries

By: Raul Felix Junquera-Varela,Marijn Verhoeven,Gangadhar P. Shukla,Bernard Haven,Blanca Moreno-Dodson

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Strengthening Domestic Resource Mobilization

Moving from Theory to Practice in Low- and Middle-Income Countries

By: Raul Felix Junquera-Varela,Marijn Verhoeven,Gangadhar P. Shukla,Bernard Haven,Blanca Moreno-Dodson

Public spending plays a key role in the economic growth and development of most developing economies. This book analyzes revenues, policy, and administration of Domestic Resource Mobilization (DRM) in developing countries. It provides a broad landscape of practical examples, drawing from lessons learned in World Bank operations across Global Practices over the past several decades. It should be thought of as a starting point for a more comprehensive research agenda rather than a complete inventory itself. This book reviews the trends in tax revenue collection in developing countries. It provides an overview of efforts to close the revenue gap, many of which have been supported by World Bank operations. The book reviews the special challenges facing low income countries, which have traditionally relied on indirect revenues in the context of limited formalization of their economies. An overview of tax policy and administration reform programs is presented, with an overview of outstanding issues that will shape the policy agenda in years ahead.

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Page Count

228

Publisher

World Bank Publications

Published Date

ISBN 10

1464810745

ISBN 13

9781464810749