Economic Challenges Facing Middle Eastern and North African Countries
An authoritative analysis of economic performance in Middle Eastern and North African countries are presented by scholars in the region. The papers focus on the implications of changes in the world economy, in the role of the private sector, and in the ne
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Also by N emat Shafik
PROSPECTS FOR MIDDLE EASTERN AND NORTII AFRICAN ECONOMIES: From Boom to Bust and Back? REVIVING PRIVATE INVESTMENT IN DEVELOPING COUNTRIES: Empirical Studies and Policy Lessons (editor with A. Chhibber and M. Dailami)
Economic Challenges Facing Middle Eastern and North African Countries Alternative Futures Edited by
Nemat Shafik
Foreword by Heba Handoussa
~ 1-t'Sr~1
in associalion with
~ ~ Palgrave Macmillan
First published in Great Britain 1998 by
MACMILLAN PRESS LTD
HoundmiIls, Basingstoke, Hampshire RG21 6XS and London Companies and representatives throughout the world A catalogue record for this book is available from the British Library. ISBN 978-0-333-71399-0 ISBN 978-1-349-26124-6 (eBook) DOI 10.1007/978-1-349-26124-6 First published in the United States of America 1998 by
ST. MARTIN'S PRESS, INC.,
Scholarly and Reference Division, 175 Fifth Avenue, New York, N.Y. 10010 ISBN 978-0-312-17632-7 Library of Congress Cataloging-in-Publication Data Economic chaUenges facing Middle Eastern and North African countries : alternative futures I edited by Nemat Shafik. p. cm. Includes bibliographical references and index. ISBN 978-0-312-17632-7 (cloth) I. Middle East-Economic policy. 2. Africa, North-Economic policy. 3. Economic forecasting-Middle East. 4. Economic forecasting-Africa, North. 5. Middle East-Economic conditions-1979- 6. Africa, North-Economic conditions. I. Shafik, Nemat. HC415.15.E27 1997 338.956-DC21 97-13673 CIP © Economic Research Forum 1998
AU rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any Iicence permitting Iimited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WIP 9HE. Any person who does any unauthorised act in relation to this publication may be Iiable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. This book is printed on paper suitable for recycling and made from fuUy managed and sustained forest sources. \0987654 321 07 06 05 04 03 02 01 00 99 98
The findings, interpretations, and conclusions expressed in this volume are entirely those of the authors and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent.
To Talaat Shafik
Contents List 0/ Figures and Tables
IX
Foreword by Heba Handoussa
Xl
xii
Notes on the Contributors 1
Eeonomie Challenges Faeing Middle Eastern and North Afriean Countries: An Overview Nemat Shafik
PART I PERSPECTIVES FROM TUE MAGHREB 2
3
Adjustment, Strategie Planning, and the Moroccan Economy Bachir Hamdouch
13
Competition Polieies and Dere
