The Middle East and North Africa Region has probably recovered more strongly than other regions of the world from the financial crisis, thanks to the dynamics of oil prices. However, the outbreak of the Arab Spring, motivated also by economic grievances, suggests that the impact of the world economic crisis in the region is probably deeper than imagined. Despite growth and increasing investments, unemploy-ment in the region is persistent, due on the one side to the growing population on the other side to rising inequality and ineffective management of the economy (rentier state). This might have contributed to the Arab uprising.
ISPI Africa Programme