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Discussion Starter · #1 ·
Hi, not good news for the mideast in general, enjoy:

The countries of the Middle East and North Africa, despite their oil-powered booming economies, are nonetheless failing to create employment opportunities for an estimated 100 million job-seekers who will enter the labour market in the next 20 years, the World Bank said.

"Strong growth (in the Middle East and North Africa) over the last two years does not change the fundamentals for this region," Mustapha Nabli, World Bank chief economist for the region, said.

"We are still talking about a region with limited private sector activity and employment creation, limited integration into the global economy and strong dependence on volatile oil markets," Gulf newspapers quoted him as saying.

He was commenting on a Bank report assessing economic developments and prospects in the Middle East and North Africa. Economic momentum in the region over the last two years averaged 5.6 per cent, compared with growth of 3.6 per cent in the 1900s.

But the report maintained that such a pace was still not sufficent to meet demands for job creation.

It said the economies of the Middle East and North Africa needed to become less regulated, more private sector-oriented and less dependent on oil exports.

While the region had made impressive strides in reducing tariff and non-tariff trade barriers, "progress in improving the business climate ... has been the weakest in the world," the report said.

It added that on average the countries of the Middle East and North Africa rank in the bottom third of the world in efforts to implement a range of business regulatory and financial sector reforms.

There has likewise been meager success in improving governance as measured by public administration and public sector accountability.

"The economic and regulatory reforms that (Middle East and North African) governments are now finding difficulty in moving forward are precisely the kinds of reforms which need the support and involvement of key actors such as the private sector, labor unions and other segments of civil society," said Christian Poortman, Bank vice- president for the region.
 

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It added that on average the countries of the Middle East and North Africa rank in the bottom third of the world in efforts to implement a range of business regulatory and financial sector reforms.
:bash: :bash:



Arethe Middle East countries that bad??
 

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Discussion Starter · #3 ·
Well dunno about the rest, the gulf is workin hard, I know Bahrain wants to creat 100,000 jobs in the next decade. Dunno about the other countries, I know Qatar and the UAE are also doin a good job. I'd have to say that countries outside the gulf are not doin that well really although some of their economies are growin.
 
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