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Growth and Stability in the Middle East and North Africa
This paper provides an economic overview of the very diverse countries within the large geographical area. It highlights the economic challenges and opportunities facing the MENA region, the policies pursued by the countries in the region, and the outlook for the external environment. The paper concludes with eight policy recommendations.
Adjusting to New Realities
This paper addresses concerns that the Middle East and North Africa (MENA) region, with the exception of the GCC economies, has lagged behind in trade liberalization. This delay has adversely affected production efficiency and consumer welfare and could reduce the region’s ability to attract foreign investment. Against this background, the paper examines the major challenges facing MENA if it is to benefit from the opportunities presented by the Uruguay Round and the European Union Mediterranean Initiative. It concludes with an overview of measures that MENA countries will need to implement to benefit from these trade-enhancing initiatives.
The Economy of the Middle East and North Africa in 1997
The economy of the Middle East and North Africa improved considerably in 1996, and remained favorable in 1997. This paper, by Mohamed A. El-Erian and Susan Fennell, presents an assessment of the recent experience of the MENA economies and examines prospects for 1998 and beyond.
Kuwait
Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, as evidenced by the restoration of basic economic and social services, the recovery of the oil sector, the rehabilitation of infrastructure, and the steady reduction in the fiscal and balance of payments deficits. This paper examines recent developments in the Kuwaiti economy and discusses the country's medium-term policy challenges of saving for future generations, strengthening the financial sector, and improving the functioning of the labor market.
The Complete Transcripts of the Clarence Thomas - Anita Hill Hearings
This volume contains not only the complete verbatim transcript of the testimony given before the Senate Judiciary Committee on October 11, 12 and 13, 1991, but, as Nina Totenberg points out in her preface, "the important exhibits that were submitted - affidavits aimed at discrediting Hill, and the sworn testimony of the so-called "other woman," Angela Wright, who had worked for Thomas and, like Hill, claimed he made lewd and inappropriate remarks to her." Wright herself was never called to testify before the cameras. But she did give telephone testimony to the committee staff - as did her friend Rose Jourdain - and that testimony is included here. Although more that two years have passed sin...
