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Book Privilege Resistant Policies in the Middle East and North Africa

Download or read book Privilege Resistant Policies in the Middle East and North Africa written by Syed Akhtar Mahmood and published by World Bank Publications. This book was released on 2018-02-06 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewing the social contract, one of the pillars of the new World Bank Group strategy for the Middle East and North Africa, requires a new development model built on greater trust; openness, transparency, inclusive and accountable service delivery; and a stronger private sector that can create jobs and opportunities for the youth of the region. Recent analytic work trying to explain weak job creation and insufficient private sector dynamism in the 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 delivery. Policy recommendations to date in the field of governance for private sector policymaking have been too general and too removed from concrete, actionable policy outcomes. This report proposes -for the first time- 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? The report proposes an innovative conceptual and measurement framework that encapsulates the governance features that could shield policies from capture, discretion and arbitrary enforcement that limits competition. The report offers a menu of operational and technical entry-points to enhance privilege-resistant policy making in a concrete way, that is politically tractable in different country contexts.

Book Towards Privilege Resistant Economic Policies in MENA

Download or read book Towards Privilege Resistant Economic Policies in MENA written by Weltbank and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Unemployment rates in the Middle East and North Africa (MENA) region are among the highest in the world, especially for young graduates. Policy recommendations to date in the field of governance for private sector policymaking have been too general and too removed from concrete, actionable policy outcomes. This report presents, for the first time 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? The report presents an innovative conceptual framework that encapsulates the governance features that can shield policies from capture, discretion, and arbitrary enforcement that limits competition. Based on this framework, a check-list of policy features in a wide range of policy areas relevant to private sector development policy is presented, notably in terms of: (i) the process of policy-making (ex-ante); (ii) the actual policies, regulations, and their implementation (for example, business regulations, procurement, financing, trade); and (iii) competition policy and other attributes like open-business and transparency measures that help identify, and prevent or deter anti-competitive market behavior and outcomes (ex-post). The report benchmarks eight countries along the framework and checklist of indicators, pointing, for each country, to policy gaps and poor governance features that make these countries prone to capture and discretion. The report offers a menu of operational and technical entry-points to engage the capture agenda in a concrete way, one that may be more politically tractable in some of the client countries.

Book Middle East and North Africa Investment Policy Perspectives

Download or read book Middle East and North Africa Investment Policy Perspectives written by OECD and published by OECD Publishing. This book was released on 2021-03-30 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Middle East and North Africa Investment Policy Perspectives highlights the considerable progress in investment policies made by the region’s governments over the past decade. Yet, the reform momentum needs to be sustained and deepened for the benefits of investment to be shared with society at large and for growth to be sustainable, particularly in the context of the COVID-19 pandemic and resulting global economic upheaval.

Book Informality and Inclusive Growth in the Middle East and North Africa

Download or read book Informality and Inclusive Growth in the Middle East and North Africa written by Gladys Lopez-Acevedo and published by World Bank Publications. This book was released on 2023-06-30 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-standing informality debate in the Middle East and North Africa (MENA) Region has taken on a new urgency as it looks for a pathway to more socially inclusive growth that is less reliant on fossil fuels. This is occurring against a backdrop of subpar labor market outcomes, further growth setbacks, and deteriorating fiscal and current account deficits in the aftermath of the COVID-19 pandemic--and in the wake of high inflation and supply chain disruptions triggered by the Russian Federation-Ukraine war. 'Informality and Inclusive Growth in the Middle East and North Africa' aims to better understand the characteristics and incentive structure that have led to the prevalence of informal employment in three MENA countries--the Arab Republic of Egypt, Morocco, and Tunisia. The report breaks new ground by adopting a comprehensive perspective to focus on the features of, and interrelationships among, different aspects of these countries' institutional landscapes to make sense of the complex incentive structure that workers and firms face when deciding between formal and informal options. Specifically, the report groups these issues in three broad realms: (1) entrepreneur-worker relations, (2) taxes and transfers, and (3) market conditions. 'This report is an extremely welcome addition to the literature on MENA labor markets. By analyzing the incentive structure and institutional factors that have led to the prevalence of informal employment in Egypt, Morocco, and Tunisia, it points the way to policy actions that can be taken to reduce informality and increase social protection for workers. It is a must-read for anyone who cares about greater economic inclusion in MENA.' --Ragui Assaad, Professor, Hubert H. Humphrey School of Public Affairs, University of Minnesota 'A compelling account of the implications of informality in the workforce and how economies of MENA can design appropriate policy responses. This timely report comes amid multiple social reforms in MENA and is a must-read for policy practitioners and economists in the region.' --Karim El Aynaoui, Executive President, Policy Center for the New South 'This report is particularly timely given the negative impact the COVID-19 pandemic and subsequent crises have had on living standards and poverty rates around the world and especially in MENA countries. While the focus on boosting growth and achieving the Sustainable Development Goals has revolved around financing, the report sheds new light on the benefits that tackling informality through institutional, regulatory, and policy changes could present to achieving these goals.' --Mahmoud Mohieldin, Executive Director, International Monetary Fund

Book Exports to Improve Labor Markets in the Middle East and North Africa

Download or read book Exports to Improve Labor Markets in the Middle East and North Africa written by Gladys Lopez-Acevedo and published by World Bank Publications. This book was released on 2023-06-26 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Middle East and North Africa (MENA), trade liberalization measures have coincided with stable economic growth, and GDP per capita growth has surpassed that of other developing regions. However, MENA's labor-market outcomes--such as average wage levels, informality rate, and female labor force participation--continue to underperform. Why has rising trade failed to produce better labor market outcomes in low- and middle-income countries in the region? 'Exports to Improve Labor Markets in the Middle East and North Africa' focuses on the impact of trade policy on trade-flows and their relationship with local labor market outcomes in three low- and middle-income countries--the Arab Republic of Egypt, Morocco, and Tunisia. Given their idiosyncratic labor markets, export diversification, and trade policy history, these three countries other important lessons for economic development in the region. Policy makers and stakeholders can use these findings to design policies to improve the chances that higher trade flows will deliver better labor market outcomes and ensure that the benefits are more equally shared. 'This report, led by Gladys Lopez-Acevedo and Raymond Robertson, pushes forward the frontier of knowledge about the relationship between trade and the labor market in MENA. Although focusing on three countries (the Arab Republic of Egypt, Morocco, and Tunisia), it gives us broader lessons on how to solve the apparent puzzle of greater exposure to trade not being followed by greater labor market outcomes in the region. It points out, among other factors, how market segmentation by gender shapes the effects of trade shocks like higher exports. Policy makers in the region will definitely benefit from the evidence and analysis conveyed by the report on how to turn trade integration into a lever for shared prosperity.' --Otaviano Canuto, Senior Fellow at the Policy Center for the New South, and former Vice President of the World Bank 'This timely report attempts to understand why trade expansion did not produce the desired improvements in labor market outcomes in three non-oil-exporting countries in MENA. The main reason for the weak link between trade expansion and widely shared labor market improvements appears to be the segmented nature of labor markets in the three countries, by gender as well as by formality status. In Morocco and Tunisia, the highly segmented labor markets along gender lines, in combination with the concentration of trade in male-dominated capital-intensive sectors, led to few employment benefits accruing to women. In Egypt, the limited impact of trade on formal employment is attributable to the small size of the nation’s export sector and its lack of integration with the rest of the economy. These findings are critical to understanding how barriers to widely shared prosperity can be tackled in the region.' --Ragui Assaad, Professor, Humphrey School of Public Affairs, University of Minnesota

Book Distributional Impacts of COVID 19 in the Middle East and North Africa Region

Download or read book Distributional Impacts of COVID 19 in the Middle East and North Africa Region written by Johannes G. Hoogeveen and published by World Bank Publications. This book was released on 2021-12-20 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 is one of multiple crises to have hit the Middle East and North Africa (MENA) region in the decade following the Arab Spring. War, oil price declines, economic slowdowns, and now a pandemic are tearing at the social fabric of a region characterized by high rates of unemployment, high levels of informality, and low annual economic growth. The economic costs of the pandemic are estimated at about US$227 billion, and fiscal support packages across MENA are averaging 2.7 percent of GDP, putting pressure on already weak fiscal balances and making a quick recovery challenging. Even before the COVID-19 pandemic, MENA was the only region in the world experiencing increases in poverty and declines in life satisfaction. Distributional Impacts of COVID-19 in the Middle East and North Africa Region investigates how COVID-19 changed the welfare of individuals and households in the region. It does so by relying on phone surveys implemented across the region and complements these with microsimulation exercises to assess the impact of COVID-19 on jobs, income, poverty, and inequality. The two approaches complement and corroborate each other's results, thereby making the findings more robust and richer. This report's results show that, in the short run, poverty rates in MENA will increase significantly and inequality will widen. A group of 'new poor' is likely to emerge that may have difficulty recovering from the economic consequences of COVID-19. The report adds value by analyzing newly gathered primary data, along with projections based on newly modeled micro- and macrosimulations, and by identifying key issues that policy makers should focus on to enable a quick, inclusive, and sustained economic recovery.

Book Blue Skies  Blue Seas

    Book Details:
  • Author : Martin Heger
  • Publisher : World Bank Publications
  • Release : 2022-05-04
  • ISBN : 1464818134
  • Pages : 435 pages

Download or read book Blue Skies Blue Seas written by Martin Heger and published by World Bank Publications. This book was released on 2022-05-04 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: While economic and social indicators in many Middle East and North Africa (MENA) countries have improved over the past three decades, the region’s blue natural assets—clean air, healthy seas, and coastlines—have degraded virtually everywhere. Air pollution levels in the region’s cities are among the highest in the world. Per capita marine plastic pollution is among the highest in the world; coastal erosion rates are the second fastest in the world. These combined challenges threaten local communities, livelihoods, and economies. In fact, the economic cost of MENA’s deteriorating skies and seas is estimated at more than 3 percent of GDP per year. Blue Skies, Blue Seas: Air Pollution, Marine Plastics, and Coastal Erosion in the Middle East and North Africa reviews integrated solutions that the authors identify as the “four I’s†?: • Inform stakeholders about the sources of these challenges. • Provide incentives that improve environmental outcomes for the public and the private sector. • Strengthen institutions to lower air and plastic pollution and to mitigate uncontrolled development and erosion of coastlines. • Invest in abatement options and promote sustainable solutions. Restoring MENA’s blue skies and seas will benefit the health, livelihoods, and incomes of residents. There will inevitably be trade-offs, but choosing a path of green growth will create jobs, diversify economies, and make the region a better place for current and future generations. The actions of policy makers today will shape the trajectory of economies and communities for decades to come.

Book Reaching New Heights

Download or read book Reaching New Heights written by Rabah Arezki and published by World Bank Publications. This book was released on 2019-10-08 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is revised down by 0.8 percentage points from the April 2019 projection. MENA’s economic outlook is subject to substantial downside risks—most notably, intensified global economic headwinds and rising geopolitical tensions. Part II argues that promoting fair competition is key for MENA countries to complete the transition from an administered to a market economy. Part II first examines current competition policies in MENA countries and to promote fair competition calls for strengthening competition law and enforcement agencies. It also calls for corporatizing state-owned enterprises, promoting the private sector and creating a level-playing field between them. Any moves to reform MENA economies would be aided by professional management of public assets, which could tap into a new source of national wealth.

Book Eruptions of Popular Anger

Download or read book Eruptions of Popular Anger written by Elena lanchovichina and published by World Bank Publications. This book was released on 2017-12-28 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eruptions of Popular Anger: The Economics of the Arab Spring and Its Aftermath sets out to answer three puzzles—the “Arab inequality†? puzzle of civil uprisings in countries with low-to-moderate and stagnant economic inequality, the “unhappy development†? paradox of increasing dissatisfaction at a time of moderate-to-rapid development, and the paradox of political violence in middle-income countries. The book’s empirical investigation rules out high and rising inequality as a reason for the Arab Spring uprisings. It shows that the real problem was the erosion in middle-class incomes and the growing dissatisfaction with the quality of life, the shortage of formal sector jobs, and corruption. Frustration was particularly high among the young, educated, middle-class residents in urban areas. The old social contract, which had delivered development results in the past and under which Arab governments provided public-sector jobs and subsidized services in return for subdued voice, was unsustainable and malfunctioning. The public sector could no longer be the employer of choice, but the private sector did not generate enough formal sector jobs, because of distortions that constrained its growth and policies that offered advantages to a few firms with political connections, limiting competition and private investment. The breakdown in the social contract increased the premium on freedom and created impetus for political change. This report shows that the Arab Spring revolutions and the subsequent spread of violence and civil wars in the post†“Arab Spring Middle East and North Africa region can be traced to the broken social contract, institutional weaknesses, and regional divisions in societies polarized along ethnic and sectarian lines. The Arab Spring and its aftermath indicate the need for a new social contract under which governments promote private-sector job creation, design public services in a way that holds providers accountable to beneficiaries, and promote inclusion and good governance.

Book Informality  Development  and the Business Cycle in North Africa

Download or read book Informality Development and the Business Cycle in North Africa written by Mr. Roberto Cardarelli and published by International Monetary Fund. This book was released on 2022-06-09 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: North African economies are characterized by a significant share of informal activity and employment. About two-thirds of workers in North Africa operate without any formal arrangement and social protection, and about 30 percent of GDP is estimated to be produced by informal workers and firms. This paper finds that while a few key structural characteristics could explain “normal” informality in North Africa, policy distortions explain a large share of excess informality. Among the structural factors that can lead to high informality, the relatively lower level of human capital and younger population help explain the high informality in the region, as low-skilled and young people generally find it more difficult to operate in the formal sector. At the same time, gaps in a set of policy indicators also explain the relatively high informality in North Africa. In particular, this paper finds that gaps in the quality of governance explain about half of the excess informality experienced in North Africa compared with advanced economies. In this context, the expansion of the informal sector in Algeria and Tunisia from the mid-2000s partially reflects the deterioration in a few indicators of their governance and regulatory frameworks. In contrast, the decline in informality observed in Egypt, Mauritania, and Morocco over this period also reflects improved business regulations, governance, and tax systems, in addition to continued progress in economic development. While informality has traditionally buffered regional labor markets against the impact of recessions, the COVID-19 crisis has been different. North African economies have generally exhibited relatively stable unemployment rates, including during recessions, largely owing to their high levels of informality. However, informal employment has fallen significantly in North Africa during the pandemic, as lockdown measures have particularly affected high-informality service sectors. As the pandemic subsides and the lockdown measures are removed, the recovery of regional labor markets could exhibit a stronger-than-usual rebound of informal employment. Ensuring an inclusive recovery from the pandemic would call for renewed efforts to construct more modern (digitalized), more efficient, and fairer systems of social protection, building on the progress achieved in the region during the pandemic in extending safety nets to informal workers.

Book Grand Corruption

Download or read book Grand Corruption written by Robert I. Rotberg and published by Taylor & Francis. This book was released on 2024-08-30 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the nature, causes, and consequences of grand corruption, showing how it can be assessed, measured, and attacked from within and without. The volume brings together in a single, definitive text some of the best analyses on how to measure the costs of grand corruption and dissects the legal approaches and institutions to counter grand corruption and kleptocracy. Through a series of compelling country case studies, the book explores how corrupt political elites and public officials have stolen from the public purse for personal gain at the expense of their own people and their country’s social and economic development. It also highlights the role of financial and legal intermediaries in the West in laundering these ill-gotten gains. The volume then explores the impact of existing legal constraints on controlling corruption, some of which are still in the evolutionary stage of development. It draws lessons from different national attempts to control corruption as well as regional and international initiatives. The final section of the volume discusses a variety of new anti-corruption initiatives, including efforts to establish an International Anti-Corruption Court. This book will be of much interest to students of grand corruption, global governance, foreign policy, international law, and international relations.

Book Women s Rights in the Middle East and North Africa

Download or read book Women s Rights in the Middle East and North Africa written by Sanja Kelly and published by Rowman & Littlefield Publishers. This book was released on 2010-07-16 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt: Freedom HouseOs innovative publication WomenOs Rights in the Middle East and North Africa: Progress Amid Resistance analyzes the status of women in the region, with a special focus on the gains and setbacks for womenOs rights since the first edition was released in 2005. The study presents a comparative evaluation of conditions for women in 17 countries and one territory: Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine (Palestinian Authority and Israeli-Occupied Territories), Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, and Yemen. The publication identifies the causes and consequences of gender inequality in the Middle East, and provides concrete recommendations for national and international policymakers and implementers. Freedom House is an independent nongovernmental organization that supports democratic change, monitors freedom, and advocates for democracy and human rights. The project has been embraced as a resource not only by international players like the United Nations and the World Bank, but also by regional womenOs rights organizations, individual activists, scholars, and governments worldwide. WomenOs rights in each country are assessed in five key areas: (1) Nondiscrimination and Access to Justice; (2) Autonomy, Security, and Freedom of the Person; (3) Economic Rights and Equal Opportunity; (4) Political Rights and Civic Voice; and (5) Social and Cultural Rights. The methodology is based on the Universal Declaration of Human Rights, and the study results are presented through a set of numerical scores and analytical narrative reports.

Book Jobs Undone

    Book Details:
  • Author : Asif M. Islam
  • Publisher : World Bank Publications
  • Release : 2022-07-06
  • ISBN : 1464817367
  • Pages : 276 pages

Download or read book Jobs Undone written by Asif M. Islam and published by World Bank Publications. This book was released on 2022-07-06 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: A decade since the spark of the Arab Spring, the Middle East and North Africa (MENA) region continues to suffer from limited creation of more and better jobs. Youth face idleness and unemployment. For those who find jobs, informality awaits. Few women attempt to enter the world of work at all. Meanwhile, the available jobs are not those of the future. These labor market outcomes are being worsened by the coronavirus (COVID-19) pandemic. 'Jobs Undone: Reshaping the Role of Governments toward Markets and Workers in the Middle East and North Africa' explores ways to break these impasses, drawing on original research, survey data, wide-ranging literature, and young entrepreneurial voices from the region. The report finds that a prominent reason behind MENA's unmet jobs challenge is a lack of market contestability in the formal private sector. Few firms in the region enter the market, few grow, and those that exit are not necessarily less productive. Moreover, firms in the region invest little in physical capital, human capital, or research and development, and they tend to be politically connected. At the macro level, economic growth has been mediocre, labor productivity is not being driven by structural change, and the growth of the stock of capital per capita has declined. New evidence generated for this report shows that the lack of dynamism is due to the prevalence of state-owned enterprises (SOEs). They operate in sectors where there is little economic rationale for public activity and they enjoy favorable treatment--flouting the principles of competitive neutrality. Meanwhile, labor regulations add to market rigidity, while gendered laws restrict women's potential. To change this reality, the state must reshape its relationship toward markets, toward workers, and toward women. The region must create a level playing field between SOEs and the private sector, replace labor rigidities with appropriate social protection and labor market programs, and remove barriers to women's economic participation. Governments can also foster new sectors and occupations, gradually propelling market contestability and job creation. All reforms will have to rely on improved data capacity and transparency to create a new social contract between governments and the people of the region.

Book The Emergence of Bangladesh

Download or read book The Emergence of Bangladesh written by Habibul Khondker and published by Springer Nature. This book was released on 2022-02-22 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Emergence of Bangladesh analyses and celebrates the first 50 years of Bangladesh as a nation, bringing insights from key scholars in Bangladeshi studies to an international audience, as well as ‘bringing home’ to a domestic audience the work of some of the nation’s greatest intellectual exports, the Bangladeshi scholars who have made a mark in their field of study in academia. The book offers unique coverage of the battlegrounds on which the founding of the new nation was fought, including language, power and religion, and provides unique insight into some of the hot spots that continue to shape the development of the nation: the issues of gender, culture, ethnicity, governance, the economy and the army. Those with an interest in understanding the past or present Bangladesh will find this a trove of frank and readable analysis.

Book Routledge Handbook on Contemporary Egypt

Download or read book Routledge Handbook on Contemporary Egypt written by Robert Springborg and published by Routledge. This book was released on 2021-03-30 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigating key features of contemporary Egypt, this volume includes Egypt’s modern history, politics, economics, the legal system, environment, and its media and modes of cultural expression. It examines Egypt’s capacities to meet developmental challenges, ranging from responding to globalization and regional competition to generating sufficient economic growth and political inclusion to accommodate the interests and demands of a rapidly growing population. The macrohistory of Egypt is complemented by the microhistories of specific institutions and processes that constitute separate sections in this handbook. The chapters revolve around political economy: it is shaped by the people and their abilities, political and legal institutions, organization of the economy, natural and built environments, and culture and communication. Politics has been overwhelmingly authoritarian and coercive since the military seized power in 1952; consequently, the contributions address both the causes and consequences of unbalanced civil–military relations, military rule, and persisting authoritarianism in the political society. This multidisciplinary handbook serves a dual purpose of introducing readers to Egypt’s history and contemporary political economy and as a comprehensive key resource for postgraduate students and academics interested in modern Egypt.

Book The Government Analytics Handbook

Download or read book The Government Analytics Handbook written by Daniel Rogger and published by World Bank Publications. This book was released on 2023-10-20 with total page 1197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government Analytics Handbook presents frontier evidence and practitioner insights on how to leverage data to strengthen public administration. Covering a range of microdata sources—such as administrative data and public servant surveys—as well as tools and resources for undertaking the analytics, it transforms the ability of governments to take a data-informed approach to diagnose and improve how public organizations work. Readers can order the book as a single volume in print or digital formats, or visit worldbank.org/governmentanalytics for modular access and additional hands-on tools. The Handbook is a must-have for practitioners, policy makers, academics, and government agencies. “Governments have long been assessed using aggregate governance indicators, giving us little insight into their diversity and how they can practically be improved. This pioneering handbook shows how microdata can be used to give scholars and practitioners granular and real insights into how states work, and practical guidance on the process of state-building.†? —Francis Fukuyama, Stanford University, author of State-Building: Governance and World Order in the 21st Century “The Government Analytics Handbook is the most comprehensive work on practically building government administration I have ever seen, helping practitioners to change public administration for the better.†? —Francisco Gaetani, Special Secretary for State Transformation, Government of Brazil “The machinery of the state is central to a country’s prosperity. This handbook provides insights and methodological tools for creating a better shared understanding of the realities of a state, to support the redesign of institutions, and improve the quality of public administration.†? —James Robinson, University of Chicago, coauthor of Why Nations Fail

Book Macroeconomic Policy in Fragile States

Download or read book Macroeconomic Policy in Fragile States written by Ralph Chami and published by Oxford University Press. This book was released on 2021-01-26 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Setting macroeconomic policy is especially difficult in fragile states. Political legitimacy concerns are heightened, raising issues such as who the policymakers are, what incentives they face, and how the process of policymaking is likely to work under limited legitimacy and high uncertainty both about the macroeconomic environment as well as policy effectiveness. In addition, fragility expands the range of policy objectives in ways that may constrain the attainment of standard macroeconomic objectives. Specifically, in the context of fragility policymakers also need to focus on measures to mitigate fragility itself - i.e., they need to address issues such as regional and ethnic economic disparities, youth unemployment, and food price inflation. Socio-political developments around the world have thus pushed policymakers to broaden their toolkit to improve the effectiveness of macroeconomic management in the face of these constraints. The chapters in Macroeconomic Policy in Fragile States address these issues, both by giving an analytical context from which policymakers can build to answer the questions they face in fragile situations as well as by providing lessons drawn from empirical analyses and case studies. The first section of the volume discusses the interactions between political economy considerations and macroeconomic policymaking. The second section covers the private sector environment in fragile states. The third section focuses on macroeconomic policy, especially fiscal policy, monetary policy, exchange rate policy, external flows, and aid effectiveness. The last section explains the role of the IMF in fragile states and concludes by presenting case studies from the Middle East and from Sub-Saharan Africa. The contributors to the volume are economists and political scientists from academia as well as policymakers from international organizations and from countries affected by fragility.