The Challenge of Private Sector Development in the MENA Region

Julia Devlin

Chapter 7 in Economics of the Middle East:Development Challenges, 2016, pp 161-179 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Relative to other developing regions, most Middle East and North Africa (MENA) countries have relatively low levels of private investment and private sector activity. Moreover, the business landscape is populated by a handful of globally successful firms and large growing numbers of low productivity very small and medium-sized firms (SMEs). Market dynamism is hampered by low business entry and firm growth is constrained by market-segmentation regulations and enforcement. Underdeveloped financial markets also play a role…

Keywords: Economic Development; Middle East; North Africa (search for similar items in EconPapers)
JEL-codes: O10 O20 R11 R58 (search for similar items in EconPapers)
Date: 2016
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