Institutions and Economic Growth in the Arab Countries
IMF - Arab Monetary Fund High Level SeminarAbu Dhabi, United Arab Emirates
December 19–20, 2006
"I would suggest that the rate at which countries grow is substantially determined by three things: their ability to integrate with the global economy through trade and investment; their capacity to maintain sustainable government finances and sound money; and their ability to put in place an institutional environment in which contracts can be enforced and property rights can be established. I would challenge anyone to identify a country that has done all three of these things and has not grown at a substantial rate." Larry Summers (2003)
The IMF and the Arab Monetary Fund organized a High Level Seminar on "Institutions and Economic Growth in the Arab Countries" under the joint IMF/AMF Regional Training Program. The seminar took place on December 19-20, 2006 in Abu Dhabi, United Arab Emirates. The event brought together ministers, central bank governors, as well as other high ranking policymakers and economists from the region and around the globe. They discussed how to design policies that would enhance the quality of governance and help build better institutions to foster greater global economic integration, and help ensure sustained high-quality growth conducive to employment creation and rising living standards for the countries in the region.
The seminar was by invitation only.
| Disclaimer |
|---|
| The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers. |