1. Beyond 2030: Economic growth in the Middle East and North Africa
- Author:
- Karen E. Young
- Publication Date:
- 05-2019
- Content Type:
- Special Report
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- Energy-dependent growth in the Middle East and North Africa (MENA) region, whether in traditional oil and gas exports or petrochemical production and global refinery operations, will be sensitive to shifts in Asian economies and new technology and efficiency innovation. Without structural reforms to subsidies and labor markets, a reliance on debt finance now kicks the can down the road toward difficult fiscal choices in the future. MENA economies are becoming more integrated into emerging markets not by increased trade but through state-led development partnerships and the use of aid and economic statecraft.
- Topic:
- Foreign Policy, Development, Energy Policy, and Economic growth
- Political Geography:
- Middle East, North Africa, Gulf Cooperation Council, and Gulf Nations