Overview

Recent analytical work trying to explain weak job creation and insufficient private sector dynamism in the Middle east and North Africa region point to formal and informal barriers to entry and competition. These barriers privilege a few -often unproductive- incumbents who enjoy a competition-edge due to their connections or ability to influence policy making and implementation. This report proposes to fill this policy and operational gap by answering the following question: What good governance features should be instilled in the design of economic policies and institutions to help shield them from capture, discretion and arbitrary implementation? More specifically, this report aims to move the debate and the rhetoric on privilege, capture and cronyism towards a more tractable and operational framework by: i) focusing on the systematic measurement of the various dimensions of policymaking that could lead to discretionary and unfair behavior; and ii) offering a menu of policy entry-points for policy makers to start addressing these issues and limit opportunities for capture, discretion and arbitrariness.

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9781464811593

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The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.

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