TAILIEUCHUNG - Economic Developments and Prospects 2006

In this low-cost competitive environment, a region’s best chance to differentiate itself is with its brainpower: the education, knowledge, skills, and abilities of its workforce. From this perspective, every region has the potential to be competitive. Until recently, economic development practitioners paid scant attention to workforce issues, but this is changing. In addition to globalization, the retirement of the Baby Boom generation and the move of businesses toward more innovative, knowledge-based markets have combined to make the skills of the workforce central to economic development. Until now, economic development practitioners had few tools to evaluate the knowledge, skills, and abilities. | MIDDLE EAST AND NORTH AFRICA REGION 200Ố Economic Developments and Prospects FINANCIAL MARKETS IN A NEW AGE OF OIL THE WORLD BANK 2006 The International Bank for Reconstruction and Development The World Bank 1818 H Street NW Washington DC 20433 Telephone 202-473-1000 Internet E-mail feedback@ All rights reserved. This volume is a product of the Chief Economist s Office of the Middle East and North Africa Region of the World Bank. The findings interpretations and conclusions expressed herein are those of the author s and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries colors denominations and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is copyrighted. Copying and or transmitting portions or all of this work without permission may be a violation of applicable law. The World Bank encourages dissemination of its work and will normally grant permission promptly. For permission to photocopy or reprint any part of this work please send a request with complete information to the Copyright Clearance Center Inc. 222 Rosewood Drive Danvers MA 01923 USA telephone 978-750-8400 fax 978-750-4470 . All other queries on rights and licenses including subsidiary rights should be addressed to the Office of the Publisher World Bank 1818 H Street NW Washington DC 20433 USA fax 202-522-2422 e-mail pubrights@. Cover photo Khaled Desouki Getty Images. A FREE PUBLICATION Table of Contents FOREWORD ix ACKNOWLEDGMENTS xi ABBREVIATIONS AND ACRONYMS xiii OVERVIEW xv CHAPTER 1 RECENT ECONOMIC OUTCOMES AND SHORT-TERM DEVELOPMENT PROSPECTS IN MENA .

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