Survey of Economic and Social Developments in the ESCWA Region 2011-2012 by United Nations

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The Survey of Economic and Social Development in the ESCWA Region 2011-2012 assesses the most recent economic and social developments in the Arab region, using the data that became available by the 2nd quarter of 2012. It found that GDP growth performance between major oil producers and the rest of the Arab region appeared to diverge. While GCC countries’ oil export revenues marked all-time high, the subdued intra-regional tourism, trade and foreign direct investment clearly failed to produce the positive spill-over of oil revenues over the Arab region. It emphasizes that this growth polarization deepens already uncertain prospects of the region's economic and social development, noting that the unemployment rate of the Arab region remains at the highest level world-wide. The Survey concludes that the use of “regional leverage” by articulating regional cooperation frameworks for Arab regional integration is crucial to tackle pressing issues for a constructive economic and social transition of the region.

About United Nations

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Jose Antonio Ocampo is Under-Secretary-General of the United Nations for Economic and Social Affairs, and former Executive Secretary of ECLAC.
Published May 3, 2013 by United Nations. 54 pages
Genres: Political & Social Sciences, Business & Economics, Education & Reference. Non-fiction

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