TY  - BOOK
AU  - Devarajan,Shantayanan
AU  - Devarajan,Shantayanan
TI  - Middle East and North Africa Economic Monitor October 2014 : : Corrosive Subsidies 
T2  - Middle East and North Africa Economic Monitor
PY  - 2014///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Arab spring
KW  - Conflict
KW  - Development Economics
KW  - Economic Growth
KW  - Economic Policy
KW  - Energy
KW  - Energy Subsidies
KW  - Environment
KW  - Investment
KW  - Macroeconomics and Economic Growth
KW  - Pollution
KW  - poverty
KW  - Transition Countries
KW  - Water
N2  - The economic outlook for the Middle East and North Africa (MENA) region in 2015 is slightly more favorable than in 2013-14, when the region as a whole grew at 3 percent a year. The World Bank group's latest MENA Economic Monitor projects MENA's economic growth to average 5.2 percent in 2015 driven by domestic consumption, easing political tensions crowding-in investments in Egypt and Tunisia, and full resumption of oil production in Libya. However the violent conflicts in Syria, Iraq, Gaza, Yemen and Libya with their spillovers to Lebanon and Jordan could make MENA's economic prospects bleak. The report has a special focus on the corrosive nature of the large energy subsidies in MENA. The MENA region is currently experiencing growth below potential, high unemployment, urban air pollution and congestion, and severe water scarcity that is undermining agriculture. The report shows how energy subsidies have contributed to these development challenges. Reforming these subsidies, therefore, should be one of the highest priorities of policymakers
UR  - http://elibrary.worldbank.org/content/book/9781464804427
ER  -