The role of investors in greening MENA economies
Although most economies in the Middle East and North Africa (MENA) region rely on natural resources – whether hydrocarbons, fisheries, or agriculture – which account for a considerable portion of their revenues, the interest in green growth has been a relative latecomer. In large part, this is due t...
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| Formato: | Journal article |
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Oxford Institute for Energy Studies
2015
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| Resumo: | Although most economies in the Middle East and North Africa (MENA) region rely on natural resources – whether hydrocarbons, fisheries, or agriculture – which account for a considerable portion of their revenues, the interest in green growth has been a relative latecomer. In large part, this is due to the fact that economic growth in the region has traditionally relied on heavy industry and featured little contribution from innovative, high tech or service sectors. This corporate landscape remains dominated by state-owned enterprises and family-controlled firms, as the rate of new firm creation in the region remains the lowest globally, apart from sub Saharan Africa. |
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