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This work describes why expanding trade and investment is vital for this 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 stability inherent in high unemployment rates. This effort requires higher, and more sustainable, economic growth than has been achieved in the past two decades. Expanding trade and private investment offers the best hope. The potential is enormous given the region's human resources, skills, location, history, and opportunities. The book analyzes why the region has yet to tap fully into the rich stream of global commerce and investment--and the measures needed to do so, including improvements in the domestic investment climate and reforms in the policies of the region's trading partners. Its findings will appeal to policymakers in the region, the private sector and civil society, trade specialists, donors and partners, and anyone with an interest in the history and prospects of the Middle East and North Africa.

Foreign direct investment could be a powerful source of desperately needed jobs in the Middle East and North Africa; but, unfortunately, high levels of corruption continue to deter investors. This crisis requires further investigation followed by actions, including constant vigilance, sustained commitment, and implementation of effective policies to monitor bureaucracies for regulatory compliance that would reduce or eliminate corruption in these regions in need of economic growth. References. Adapted from the source document.

Since the early 1990s, countries in the Middle East and North Africa (MENA) Region have made admirable progress in reducing the gap between girls and boys in areas such as access to education and health care. Indeed, almost all young girls in the Region attend school, and more women than men are enrolled in university. Over the past two decades, maternal mortality declined 60 percent, the largest decrease in the world. Women in MENA are more educated than ever before. It is not only in the protest squares that have seen women whose aspirations are changing rapidly but increasingly unmet. The worldwide average for the participation of women in the workforce is approximately 50 percent. In MENA, their participation is half that at 25 percent. Facing popular pressure to be more open and inclusive, some governments in the region are considering and implementing electoral and constitutional reforms to deepen democracy. These reforms present an opportunity to enhance economic, social, and political inclusion for all, including women, who make up half the population. However, the outlook remains uncertain. Finally, there are limited private sector and entrepreneurial prospects not only for jobs but also for those women who aspire to create and run a business. These constraints present multiple challenges for reform. Each country in MENA will, of course, confront these constraints in different contexts. However, inherent in many of these challenges are rich opportunities as reforms unleash new economic actors. For the private sector, the challenge is to create more jobs for young women and men. The World Bank has been pursuing an exciting pilot program in Jordan to assist young women graduates in preparing to face the work environment.

The Middle East and North Africa (MENA) region is one of the most water-stressed parts of the world. In just over 25 years, between 1975 and 2001. Looking to the future, MENA's freshwater outlook is expected to worsen because of continued population growth and projected climate change impacts. The region's population is on the way to doubling to 700 million by 2050. Projections of climate change and variability impacts on the region's water availability are highly uncertain, but they are expected to be largely negative. To offer just one more example, rainfall and freshwater availability could decrease by up to 40 percent for some MENA countries by the end of this century. The urgent challenge is how to adapt to the future as illustrated by these numbers and how to turn the region's economy onto a sustainable path. This volume suggests new ways of thinking about the complex changes and planning needed to achieve this. New thinking will mean making better use of desert land, sun, and salt water the abundant riches of the region which can be harnessed to underpin sustainable growth. More mundane, but just as important, new thinking will also mean planning for dramatically better management of the water already available. Right now, water is very poorly managed in MENA. Inefficiencies are notorious in agriculture, where irrigation consumes up to 81 percent of extracted water. Similarly, municipal and industrial water supply systems have abnormally high losses, and most utilities are financially unsustainable. In addition, many MENA countries overexploit their fossil aquifers to meet growing water demand. None of this is sustainable while water resources decline. This volume hopes to add to the ongoing thinking and planning by presenting methodologies to address the water demand gap. It assesses the viability of desalination powered by renewable energy from economic, social, technical, and environmental viewpoints, and it reviews initiatives attempting to make renewable energy desalination a competitively viable option. The authors also highlight the change required in terms of policy, financing, and regional cooperation to make this alternative method of desalination a success. And as with any leading edge technology, the conversation here is of course about scale, cost, environmental impact, and where countries share water bodies plain good neighborly behavior.

China and India's spectacular economic rise over the last two decades has accelerated their trade and investment flows with the Middle East and North Africa (MENA), particularly with the oil-producing countries. And while these flows are still small, China and India's presence in the region is on the rise. This report focuses on the following questions: what have been evolution and the impact of MENA's trade and investment relations with China and India? what actions can be taken to maximize the benefits from these relations and to enhance MENA's international integration? The main findings indicate that the region as a whole has benefited from the rise of China and India in terms of better terms of trade, significant increases in oil and gas exports, and cheaper imports. However, producers of industrial goods have been negatively-and in a few cases severely-affected by competition with the two Asian countries in both third and domestic markets. While China and India are investing more in MENA, they are contributing very little to job creation or to the transfer and diffusion of technology. Faster growth in the two Asian countries-and the associated higher demand for energy-will increase revenues from oil and the difficult choices associated with their management. For the labor-abundant, non oil-producing countries, competition with China and India will increase. But the lack of competitive manufacturing industries and services, the insufficient attention given in the past to building technological capabilities and promoting openness and entrepreneurship are constraining their ability to respond to competition. They need to accelerate productivity to tackle unemployment, especially among youth. This may require the broader institutional changes seen in China and India-suggesting the importance of a pragmatic reform agenda that can accelerate productivity, trade, and investment in the region.

This paper explored the link between energy consumption and carbon emissions in North Africa through an Environmental Kuznets Curve (EKC) framework. Panel data extracted from the data base of the World Development Indicators (WDI) for the period 1990–2015 were used for the study. In the analytical process, more modern econometric techniques that are vigorous to cross-sectional dependence and slope heterogeneity were employed. From the findings, the studied panel was heterogeneous and cross-sectionally dependent. Also, all the series were first differenced stationary and cointegrated in the long-run. Further, the Augmented Mean Group (AMG) and the Common Correlated Effects Mean Group (CCEMG) estimators affirmed energy consumption as a significantly positive determinant of CO2 emissions. Also, urbanization and foreign direct investments promoted the emanation of CO2 in the block. Finally, an inverted U-shaped relationship between economic growth and CO2 emissions was disclosed, validating the EKC hypothesis. On the causal connections amid the series, there was a bidirectional causality between energy consumption and CO2 emissions, economic growth and CO2 emanations, and urbanization and CO2 emissions. Lastly, a unidirectional causality from foreign direct investments to CO2 emissions was unfolded. Based on the findings, it was recommended among others that, the countries should advocate for the consumption of renewable energies like wind, solar, hydro, biomass and biofuels among others. This will help to reduce the rate of emissions in the bloc.

This paper examines the impact of renewable energy consumption, economic growth, foreign direct investment inflows and trade on carbon dioxide emissions for a panel of 12 Middle East and North Africa countries over the period 1980–2012 using the recent Panel Vector Autoregressive model with multi-domain analysis framework. The results from Granger causality test reveal a bidirectional causality relationship between the candidate variables supporting the feedback hypothesis. The findings show that economic growth leads to environmental degradation while renewable energy, international trade and foreign direct investment inflows lead to decreases carbon dioxide emissions. A serious shift toward using more renewable energy resources, international trade and foreign direct investment inward is recommended to improve the environmental quality and attain the sustainable growth in the region.Graphical abstract

This paper studies whether foreign direct investment (FDI)-CO 2 emissions relationship may change depending on the data-driven estimated threshold levels for the country characteristics (CC) including human capital and governance in a sample of 13 Middle East and North Africa (MENA) economies during the 1996–2019 period. Our results strongly suggest that endogenously estimated CC thresholds matter for the impact of FDI on CO 2 emissions. The pollution haven hypothesis, which maintains that FDI is associated with higher levels of pollution, appears to be valid for economies with weak CC. In addition to this, the pollution halo argument suggesting FDI lowers the emissions appears to be hold in countries with strong CC. The results in this study may indicate that policies aiming to improve human capital and governance may be expected not only to increase the economic benefits of FDI in terms of growth but also mitigate the negative environmental impacts of FDI in the MENA region.