Publications /
Book / Report

Back
Seven Years after the Crisis: Intersecting Perspectives
Authors
Nuria Boot
Karim El Mokri
Simone Tagliapietra
Karen E. Wilson
Guntram B. Wolff
Georg Zachmann
August 22, 2016

This joint Bruegel-OCP Policy Center publication comprised of four policy contributions from researchers of both institutions is the result of the establishment of “Platform for Advanced & Emerging Economies Policy Dialogue.” The first edition of this continuous dialogue took place in Rabat on April 1st 2016 under the theme of “Seven Years after the Crisis: Intersecting Perspectives.”

In the first paper, “Youth Unemployment in the Mediterranean Region and its Long term Implications”, written by Nuria Boot, Karen E. Wilson and Guntram B. Wolff, the focus is on the correlation between youth unemployment in the Mediterranean region and the problems that this leads to in Europe as a whole.

The second paper, “Energy Across the Mediterranean: A call for Realism”, by Simone Tagliapietra and George Zachmann, advises the European Union to draw lessons from two decades of unproductive regional cooperation attempts.

Karim El Aynaoui, Uri Dadush, Karim El Mokri and Rim Berahab contributed with the paper “The Unmet Challenge of Interdependence in the EU-MENA space: A View from the South”. They examine bilateral relations between Europe and the Arab world, especially as they relate to trade, migration, investment, and energy.

In “Industrial Policy, Structural Change and Global Value Chains Participation: A Case Study of Morocco, Tunisia and Egypt”, Abdelaaziz Ait Ali and Yassine Msadfa use two methods to analyse the pace of structural transformation (the positive change in manufacturing capability) in Morocco, Tunisia and Egypt.

RELATED CONTENT

  • Authors
    October 3, 2017
    Dealing with the dynamics of commodity prices requires the characterization of three phenomena to which they are subject: (very) long-term trends, medium / long-term cycles and short-term variability / volatility (Jacks, 2013). As they strongly infuence the economies of exporting countries, each of these phenomena calls for the implementation of specifc strategies, particularly in terms of public policies. Thus, whereas volatility raises the question of availability of hedging tools ...
  • Authors
    Can ÖĞÜTÇÜ
    Mehmet ÖĞÜTÇÜ
    September 29, 2017
    This paper discusses the expanding links between China, Central Asia and Russia over the past quarter a century, most recently via the Belt and Road Initiative (BRI), in geopolitics and trade/ investment, as well connections in oil, gas and electricity. These links that continue to expand are likely to change the current economic, political and energy landscape beyond recognition. They are forging mutual economics dependencies and reducing security risks. The paper also assesses wh ...
  • Authors
    Yassine Msadfa
    September 21, 2017
    Les chaînes de valeur mondiales offrent de nouvelles opportunités de transformation structurelle pour les pays en développement. Aujourd’hui la vision des chaînes de valeur mondiales se limitant à l’analyse des flux commerciaux et des IDE à l’échelle globale n’est plus suffisante pour répondre aux questions clés du positionnement et de la remontée dans ces chaînes de valeur, de la dynamique de la capture de la valeur et de sa pérennisation. La réponse à ces questions appelle un écla ...
  • Authors
    Lahcen Oulhaj
    September 20, 2017
    Le présent livre présente un ensemble d’outils et de notions mathématiques communément utilisés en économie appliquée. Il commence par rappeler les notions d’algèbre matricielle, et enchaîne avec l’étude des systèmes linéaires d’équations et les transformations de matrices, pour traiter de la décomposition des matrices, devenue un outil couramment utilisé en économétrie des séries chronologiques et des données de panel. Le calcul différentiel et intégral, de plus en plus utilisé en ...
  • Authors
    Dina N. Elshahawany
    Michael L. Lahr
    September 18, 2017
    This paper focuses on a proposed development corridor in Egypt, a main component of which is a desert-based expansion of the current highway network. The main beneficial features of this proposed transport investment are travel time reductions and improved accessibility. We use a spatial computable general equilibrium (SCGE) model to estimate the economic impacts of changes in transportation costs from this new roadway. To effect this, we integrate the model with a stylized geo-code ...
  • September 17, 2017
    Les fonds souverains africains sont pour certains d’entre eux des fonds anciens, comme le Pula Fund du Botswana créé en 1994, d’autres fonds vont suivre, dont les plus importants en actifs sous gestion sont les fonds algériens et libyens. Et si la majeure partie d’entre eux, huit sur les onze analysés ici, sont financés par des recettes provenant d’hydrocarbures, tel n’est pas le cas du fonds botswanais (diamant), du fonds sénégalais (actifs transférés de l’état) et du der ...
  • Authors
    September 15, 2017
    After a strong rising tide starting in the 1990s, financial globalization seems to have reached a plateau since the global financial crisis. However, that apparent stability has taken place along a deep reshaping of cross-border financial flows, featuring de-banking and an increasing weight of non-banking financial cross-border transactions. Sources of potential instability and long-term funding challenges have morphed accordingly.      Financial globalization is morphing after its ...
  • Authors
    September 8, 2017
    The aim of this work is to contribute to the empirical literature on employment-GDP elasticities in four main ways. First, it provides a set of employment-GDP elasticities for a sample of emerging and developing economies, including 11 sub-Saharan countries, based on the GGDC 10-sectors database. Second, it assesses the extent to which manufacturing activities are inclusive compared to the rest of the economy, in terms of employment creation. Third, it explores the determinants of c ...
  • September 4, 2017
    India and Morocco have enjoyed a steady and fruitful relationship that continues to grow thanks to the trade opportunities between both countries. Indeed, the various agreements between India and Morocco yielded effective results for both countries who set a model of South-South cooperation that is also a win-win partnership.  Both countries share many common challenges as both are middle income countries. They have been enjoying sustained economic growth in the past two decades. O ...
  • Authors
    Samuel George
    August 28, 2017
    Dual transitions are under way in Cuba. The island is slowly opening its economy, and a new crop of younger political leaders, potentially more open to democratic norms, waits in the wings. A third transition, the rise of digital access, is also in an early stage. But it is this third transition that arguably has the most momentum and could significantly accelerate the first two. Cuba’s digital transition has largely been bottom up. The citizenry’s curiosity and ingenuity have push ...