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State-Owned Enterprises in the Middle East and North Africa
Engines of Development and Competitiveness?
OECD Publishing , Publication date:  02 Dec 2013
Pages: 122 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264202962 , OECD Code: 262013021P1
Price:   €27 | $37 | £24 | ¥3500 | MXN480 , Standard shipping included!
Availability: Available
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Other languages:  Arabic (Available)
Other Versions:  E-book - PDF Format

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State-owned enterprises (SOEs) are an important feature of the economic landscape in the Middle East and North Africa region and yet, their contribution to the local economies has not been subject to a systematic investigation. SOEs in the region are generally perceived as inefficient and subject to sub-optimal governance arrangements but at the same time, and somewhat paradoxically, they are often charged developmental mandates that typically go beyond their stated commercial objectives. This phenomenon owes to the historically prominent role of the state in the economic development in the region and the recently renewed interest in using select SOEs as anchors of national industrialisation and competitiveness strategies.

This publication contributes to the limited existing literature on the role of SOEs in the economic development by examining the contribution of MENA SOEs to industrial development, diversification, poverty elimination and the provision of goods and services to the public more generally. Second, it provides an overview of the diverse mandates and roles of MENA SOEs and assesses the costs of these obligations with a view to isolate ownership and governance practices that have contributed to the success of some companies and poor performance of others. Recommendations to policymakers as well as management and boards of SOEs are made based on these observations at the end of the publication.

Table of contents:

Executive summary 7
Chapter 1. Introduction to state capitalism in the MENA region  11
-State capitalism in the Middle East 12
-Size of SOE sectors not declining 13
-Scope of the SOE sector clearer  17
-Re-balancing of SWFs 18
-Bibliography 20
Chapter 2. Objectives and roles of MENA state-owned enterprises 21
-Theoretical background 22
-Performance of MENA SOEs 23
-Sectoral distribution 24
-Bibliography 44
Chapter 3. The role of state-owned enterprises in MENA development and competitiveness 47
-National differences 48
-SOEs as a mechanism for subsidisation 49
-Bibliography 58
Chapter 4. Implications of the diverse objectives of MENA state-owned enterprises 59
-Labour market implications of MENA SOEs  60
-The fiscal consequences of inefficient SOEs 66
-SOEs and effective competition 72
-Private and public monopolies 75
-SOEs and irregular practices 85
-Bibliography 103
Chapter 5. Avenues for reform: towards efficient state-owned enterprises in the MENA region 107
Annex A.  Strategic state-owned enterprises in the MENA region 115

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