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P R E S E N T E D B Y
D E B O P R I Y A B H A T T A C H A R Y A
D I P A N S A R K A R
J A S H W A N T P R A S A D S I N G ...
INTRODUCTION
 FREE TRADE AREA:
 A free-trade area is a trade bloc whose member countries have
signed a free-trade agreem...
INTRODUCTION
 The Middle East and North Africa (MENA) is an
economically diverse region that includes both the oil-rich
e...
MENA COUNTRIES
CHALLENGES FOR MENA REGION
 Job creation is the top priority : Job creation is the
first priority in the MENA region. The...
CHALLENGES FOR MENA REGION
 A bloated public sector has distorted labor
markets and crowded out the private sector:
Anoth...
CHALLENGES FOR MENA REGION
A. Unemployment rates in percent
in 2000 and 2009 or closest years
for which data are available...
OPPORTUNITIES FOR MENA
 The young population represents a great potential as a market and as a
labor force
 Renewable en...
TRADE
• Free Trade Agreements in MENA countries and its trade effects :
• Did not create trade between member countries. M...
TRADE PERFORMANCE
TRADE PERFORMANCE
Source: World Bank, World Development Indicators.
MENA’s Trade as a Percent of GDP Compared to Other Reg...
MENA INVESTMENT
 Investment policies and promotion
 SME policy, entrepreneurship and human capital development
 Women's...
MENA GOVERNANCE
 Public Sector Integrity
 Open and Innovative Government
 Public Financial Management
 Regulatory Refo...
ECONOMIC DEVELOPMENTS AND
PROSPECTS
 Foreign Direct Investments.
 Looking Ahead after a Year in Transition
 Enabling Em...
BIBLIOGRAPHY
 http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.
200.3708&rep=rep1&type=pdf
 http://www.oecd.org/...
THANK YOU
http://www.unitedworld.edu.in/
Campus
Ahmedabad Campus: Karnavati Knowledge
Village, A/907,Uvarsad, S.G.Highway, Gandhina...
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Presentation on MENA

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Presentation on MENA

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Presentation on MENA

  1. 1. P R E S E N T E D B Y D E B O P R I Y A B H A T T A C H A R Y A D I P A N S A R K A R J A S H W A N T P R A S A D S I N G H K O U S H I K S I N G H A M A N I N D E R S I N G H M U G D H A C H A K R A B O R T Y N I S H A N T A G A R W A L P A R O M I K D A S P O U S A L I M U K H E R J E E MENA
  2. 2. INTRODUCTION  FREE TRADE AREA:  A free-trade area is a trade bloc whose member countries have signed a free-trade agreement (FTA), which eliminates tariff, import quotas, and preferences on most goods and services traded between them. FREE TRADE AGREEMENT:  Agreement between two or more countries to establish a free trade area where commerce in goods and services can be conducted across their common borders, without tariffs or hindrances but (in contrast to a common market) capita or labor may not move freely. Member countries usually impose a uniform tariff (called common external tariff) on trade with non-member countries.
  3. 3. INTRODUCTION  The Middle East and North Africa (MENA) is an economically diverse region that includes both the oil-rich economies in the Gulf and countries that are resource- scarce in relation to population, such as Egypt, Morocco, and Yemen.  The region’s economic fortunes have been influenced by the price of oil and the legacy of economic policies and structures
  4. 4. MENA COUNTRIES
  5. 5. CHALLENGES FOR MENA REGION  Job creation is the top priority : Job creation is the first priority in the MENA region. The available evidence indicates that the region suffers from long-term unemployment, ranging between 10 and 25 percent.  Fighting corruption and strengthening the rule of law: Along with high unemployment levels and limited economic opportunities, the main drivers of the Arab Spring have included pervasive corruption, cronyism, and the absence of democratic representation. And, although these concerns can be generally identified as the ―political demands of protestors, it is undeniable that they can also have significant effects on economic activity and investment decisions.
  6. 6. CHALLENGES FOR MENA REGION  A bloated public sector has distorted labor markets and crowded out the private sector: Another key challenge facing the region is bloated public sectors, including both government agencies and SOEs, that employ significant shares of the labor force. Employment in the public sector ranges from 22 percent in Tunisia to around 33–35 percent in Syria, Jordan, and Egypt.  Entrepreneurship is very low in most MENA countries: Another important challenge facing the region is the low level of enterprise creation.
  7. 7. CHALLENGES FOR MENA REGION A. Unemployment rates in percent in 2000 and 2009 or closest years for which data are available B.Unemployment in percent among youth, women, and the educated in 2009 or most recent Source: World Bank 2011a.
  8. 8. OPPORTUNITIES FOR MENA  The young population represents a great potential as a market and as a labor force  Renewable energies have the potential to become an important economic activity.  Renewable energies have the potential to become an important economic activity.  There are significant development opportunities for manufacturing and services, including agribusiness and tourism.
  9. 9. TRADE • Free Trade Agreements in MENA countries and its trade effects : • Did not create trade between member countries. Most member countries continued to export commodities, mainly oil to the rest of the world • MENA’s recent trade performance is weak relative to other countries. MENA’s trade-GDP or export-GDP ratio is above the world average and has been since at least the mid 1990s, but this is in large part due to petroleum exports. • MENA’s trade performance over time is mixed. The region’s share of global exports fell from 2.2 percent in 1995 to 1.8 percent in 2008, suggestive of a declining importance in trade.
  10. 10. TRADE PERFORMANCE
  11. 11. TRADE PERFORMANCE Source: World Bank, World Development Indicators. MENA’s Trade as a Percent of GDP Compared to Other Regions, 2010
  12. 12. MENA INVESTMENT  Investment policies and promotion  SME policy, entrepreneurship and human capital development  Women's entrepreneurship and economic empowerment  Business integrity / corporate governance  Financial sector development and economic diversification  Business climate assessment  Energy and infrastructure  Tax policy and administration
  13. 13. MENA GOVERNANCE  Public Sector Integrity  Open and Innovative Government  Public Financial Management  Regulatory Reform  Gender
  14. 14. ECONOMIC DEVELOPMENTS AND PROSPECTS  Foreign Direct Investments.  Looking Ahead after a Year in Transition  Enabling Employment Miracles  Economic Development Prospects: Investing for Growth and Jobs  Regional Economic Outlook: MENA Facing Challenges and Opportunities  Regional Integration for Global Competitiveness  Job Creation in an Era of High Growth
  15. 15. BIBLIOGRAPHY  http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1. 200.3708&rep=rep1&type=pdf  http://www.oecd.org/mena/49036903.pdf  http://web.worldbank.org/WBSITE/EXTERNAL/COUNT RIES/MENAEXT/0,,menuPK:247619~pagePK:146748~piP K:146812~theSitePK:256299,00.html  http://www.eia.gov/countries/mena/  http://www.univ-orleans.fr/leo/infer/PARRA%201.pdf
  16. 16. THANK YOU
  17. 17. http://www.unitedworld.edu.in/ Campus Ahmedabad Campus: Karnavati Knowledge Village, A/907,Uvarsad, S.G.Highway, Gandhinagar Kolkata Campus: Infinity Benchmark Tower 10th Floor, Plot - G1, Block - EP& GP, Sec - V, Salt Lake, Kolkata. Reg. Office: 407, Zodiac Square, 4th Floor Opp. Gurudwara, S.G. Road, Bodakdev, Ahmedabad.

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