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

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  • Hassan, Sherif

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. 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 whom acquire financial and intellectual resources that can play important role in promoting domestic private sector, entrepreneurships and new startups.

Suggested Citation

  • Hassan, Sherif, 2016. "Reaping the Bless of Arab Migrants: Mobilizing Diaspora for Private Sector Development," MPRA Paper 71539, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:71539
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    File URL: https://mpra.ub.uni-muenchen.de/80625/1/MPRA_paper_80625.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2015. "World Development Indicators 2015," World Bank Publications - Books, The World Bank Group, number 21634, December.
    2. Wahba, Jackline & Zenou, Yves, 2005. "Density, social networks and job search methods: Theory and application to Egypt," Journal of Development Economics, Elsevier, vol. 78(2), pages 443-473, December.
    3. McCormick, Barry & Wahba, Jackline, 2001. "Overseas Work Experience, Savings and Entrepreneurship amongst Return Migrants to LDCs," Scottish Journal of Political Economy, Scottish Economic Society, vol. 48(2), pages 164-178, May.
    4. World Bank, 2003. "Trade, Investment and Development in the Middle East and North Africa : Engaging with the World," World Bank Publications - Books, The World Bank Group, number 15116, December.
    5. Woodruff, Christopher & Zenteno, Rene, 2007. "Migration networks and microenterprises in Mexico," Journal of Development Economics, Elsevier, vol. 82(2), pages 509-528, March.
    6. Barry McCormick & Jackline Wahba, 2001. "Overseas Work Experience, Savings and Entrepreneurship Amongst Return Migrants to LDCs," Scottish Journal of Political Economy, Scottish Economic Society, vol. 48(2), pages 164-178, May.
    7. Xavier Sala-i-Martín & Elsa V. Artadi, 2003. "Economic growth and investment in the Arab world," Economics Working Papers 683, Department of Economics and Business, Universitat Pompeu Fabra.
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    Cited by:

    1. Mohammad Reza Farzanegan & Sherif Maher Hassan & Ribal Abi Raad, 2017. "Causes and Impacts of Remittances: Household Survey Evidence from Egypt," MAGKS Papers on Economics 201737, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).

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    More about this item

    Keywords

    Diaspora; Arab region; private sector;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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