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Champions Wanted: Promoting Exports in the Middle East and North Africa. by Freund, Caroline; Jaud, Mélise is a nonfiction available to read on EtoBox.

What is Champions Wanted: Promoting Exports in the Middle East and North Africa. about?

While other emerging regions were thriving, MENA's aggregate export performance over the past two decades has been consistently weak. Using detailed firm-level export data from Customs administrations, this report explains why. One central finding is that the size distribution of MENA's exporting firms is suggestive of a critical weakness at the top. With the exception of the top firm, MENA's elite exporters are smaller and weaker compared to their peers in other regions. The largest exporter is alone at the top-Zidane without a team. MENA countries have failed to nurture a group of export superstars which critically contribute to export success in other regions. Part of the reason behind weak export performance is the lack of a competitive real exchange rate. The deleterious effects of an uncompetitive currency can be traced all the way down to the firm, hurting expansion at the intensive and extensive margin and preventing the emergence of export take-offs. The lack of heavy weight exporters at the top of the distribution also reflects the region's failure to push for trade and business climate reforms energetically. Finally, MENA's prevalent cronyism and corruption under pre-Ara

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Author

Freund, Caroline; Jaud, Mélise

Publisher

World Bank Publications

Published

2015

Language

EN

ISBN

9781464804618

Category

nonfiction

Subjects

Language Learning, Business, Economics