Survey of Economic and Social Developments in the ESCWA by United Nations

By United Nations

This annual Survey studies monetary and social developments within the financial and Social fee for Western Asia (ESCWA) area. It evaluates the areas functionality in parts corresponding to financial improvement, inhabitants progress, medical conditions, schooling and gender affairs. This year's Survey warns that the effect from the present oil-boom on region-wide improvement is still lower than power due to relatively low degrees of financial integration and sub-optimal macroeconomic buildings in so much UN-ESCWA member nations. The Survey emphasizes that during a space so wealthy in assets, a metamorphosis can be without difficulty completed in a extra regionally-integrative and tension-defused setting, with an monetary coverage concentrated on local cooperation, funding facilitation and task production.

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31 SURVEY OF ECONOMIC AND SOCIAL DEVELOPMENTS IN THE ESCWA REGION 2004-2005 Distribution plays an important role in rights-based and pro-poor economic strategies at two levels. 35 On the other hand, the dynamic processes of income generation and distribution also need to be transformed in order to benefit the poor disproportionately. This includes, among others, support for the development of strategic economic activities, directed credit lines, employment generation programmes, the creation of labour scarcities and incentives for wage increases for low-skilled workers (see chapter IV).

33 In most countries, redistributing land to the poor raises labour incomes by raising both land yield and the demand for labour, which in turn produces efficiency gains and immediate benefits for the poor. M. doc. 34 McKinley argued that while macroeconomic policies can influence whether growth is pro-poor, such policies cannot be a substitute for an equitable distribution of productive assets. T. ), “Introduction” in Macroeconomic Policy, Growth and Poverty Reduction (Palgrave Macmillan, 2001).

Abed, “Unfulfilled promise: Why the Middle East and North Africa region has lagged in growth and globalization”, Finance and Development, vol. 40, No. 1 (IMF, March 2003), pp. 10-14; S. A Robalino and G. Schieber, “Living better: Improving human development indicators in MENA will require different approaches to health, education, and social protection’, Finance and Development, vol. 40, No. 1 (March 2003), pp. 15-17; and the World Bank, Reducing Vulnerability and Increasing Opportunity: Social Protection in the Middle East and North Africa (the World Bank, 2002).

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