Socioeconomic Impacts of Macroeconomic Reform Policies in the Arab Region - ESCWA

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Socioeconomic Impacts of Macroeconomic Reform Policies in the Arab Region cover

ESCWA Publication: E/ESCWA/EDID/2019/TP.1


Publication Type: Working papers

Cluster: Shared Economic Prosperity

Focus Area: Financing for development, Governance & enabling environment

SDGs: Agenda 2030

Keywords: Arab countries, Economic reform, Governance, Macroeconomics

Socioeconomic Impacts of Macroeconomic Reform Policies in the Arab Region

January 2019

The technical paper aims to test that hypothesis by evaluating Tunisia and Egypt’s experiences with neoliberal adjustment against the SDGs.

The UNESCWA expert group meeting Towards Inclusive Development for Conflict Prevention, from 25 to 27 June 2019, acknowledged the need to re-examine the relationship between macroeconomic policies and their socio-economic impacts. This paper contributes to the debate and explores the tension between IFI-led reforms and the SDGs in the Arab region, using a comparative case study of Tunisia and Egypt. It is argued that both nations have faced challenges related to economic growth, job creation and wealth inequality since implementing neoliberal policies. Each country’s public institutions struggled, and continue to struggle, to prevent elite capture of state resources.

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