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Reaping the Bless of Arab Migrants: Mobilizing Diaspora for Private Sector Development

Hassan, Sherif Maher (2016): Reaping the Bless of Arab Migrants: Mobilizing Diaspora for Private Sector Development.

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Abstract

The ‘Arab Spring’ raised many economic challenges that can hardly be handled by the dominating public sector alone, amongst are the escalating unemployment rates, enormous budget deficits, and heavy dependence on food and manufactured imports. The Middle East and North Africa (MENA) needs to move away from relying on nationalized ineffective public sector towards dynamic and competitive private sector as a main engine of growth. This policy brief introduces four lines of actions to utilize MENA large -and increasing- stock of international migrants who acquire financial and intellectual resources that can play important role in promoting the domestic private sector, entrepreneurship, and new start-ups.

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