A thriving private sector is essential to drive sustainable economic growth. Selective deregulation, free movement of resources and common standards will encourage economic integration. The story behind tapping the potential for the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region is rather similar to the popular children’s tale of a small plucky train, a stalled locomotive, and challenging terrain. Outperforming economies are propelled by large companies that drive a significant part of GDP growth. Put simply, the development of a thriving private sector, and in particular of multinational private sector champions operating at scale, is essential to driving sustainable economic growth.

Source: The North Africa Journal January 16, 2020 08:26 UTC