Despite some pre-pandemic gains in poverty reduction, literacy, and
lifespans, many economies in the Middle East and North Africa
(MENA) have struggled to ensure that the benefits of economic
development and diversification accrue equitably to all segments of
their populations. Among the main issues that remain unresolved are
the high share of inactive youth; large gaps in economic
opportunities for women; fragmented social protection systems; and
underdeveloped private sectors with tight regulation, absence of a
level playing field, and limited access to credit that stifle the
creation of new firms and growth, employment, and incomes. The
COVID-19 pandemic not only risks wiping out some of the progress
made in the region over the past decades, but could also exacerbate
inequality in a durable way. Countries across the MENA region need
to evolve their economic models to boost job creation and make sure
that the benefits of economic development are shared more widely
among all their citizens. This book's objective is to reassess the
inclusive growth agenda in the MENA region in light of the rapidly
changing pandemic-influenced world. It argues that countries need
to embrace global trade and technological advances and evolving
demographics at home as an opportunity to successfully implement
policies that foster higher and more inclusive growth. It
underscores that a return to the old social contract is neither
desirable nor feasible. The book presents a comprehensive view of
policies suited to the regional context that would boost job-rich
and inclusive growth within a resilient macroeconomic policy
framework. Its goal is to provide guidance to policymakers in the
region to frame how best to promote inclusive growth.
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