Market Dynamics and Productivity in Developing Countries: Economic Reforms in the Middle East and North Africa
To what degree are trade liberalization, productivity, and economic growth correlated? Can economic policies designed to encourage competition and curtail industry protection result in large-scale improvements, such as increased innovation and reduced unemployment?
After 20 years of economic reform in the Middle East and North Africa (MENA), economic performance is still lagging behind many regions of the world. Even in those countries that are the most advanced in implementing reforms, industries with low productivity growth and high market power continue to dominate.
Showcasing in-depth analyses from Jordan, Morocco, Tunisia, and Turkey, and with comparative data from Asia and Latin America, this book focuses on the dynamics of firm entry and exit to help explain the low productivity of the region. The results suggest a number of policy recommendations designed to foster competition and contribute to innovation, productivity growth, and improved return on capital investments. The book not only reveals important correlations among policy and market factors in MENA, but suggests fruitful areas of research in other developing regions of the world.
Khalid Sekkat is Full Professor of Economics at Université Libre de Bruxelles and a member of the Royal Academy of Sciences and Technologies in Morocco. Professor Sekkat has held visiting professorships at various universities (including Louvain, Paris, Strasbourg, Seville, and Casablanca). He was Economic Adviser to the European Commission and has acted as a consultant to the European Parliament, the European Commission, the World Bank, and the OECD.