The first part of the report addresses in its 3 main chapters the challenges that the South Med countries are currently facing after the fall of old authoritarian bargains in some countries, either on the economic, social or political fronts and the choices currently offered to them to move forward and plan for an overall reform strategy. This strategy will have to find the right growth model that should be inclusive and strong, to enhance an intelligent openness with a careful management and give a boost to the south-south integration and to implement reforms on the social front and encouraging entrepreneurship.
The first chapter presents the Short-term Challenges and Long-term Stability, based on the overall macroeconomic situation as of autumn 2012, highlighting growth conditions, macroeconomic equilibria and the evolution of the inclusive nature of growth. It concludes with recommendations on the efforts to be undertaken, building a vision for the youth and on the necessary involvement of the EU.
The second chapter comes back to the The Long Journey out from the Authoritarian Bargain model since the accession to power of the new governments.
The third chapter, entitled Opening up intelligently, details the results of the policy of openness and external questions about the margins of progress that could still be made, particularly with regard to the evolution of non- tariff impediments, especially non-tariff barriers. It offers recommendations concerning the future of the policy of openness, in particular the need to make progress on non-tariff barriers and the need for greater cooperation in this matter for further integration of the region.
Following the three chapters, the second part of the report details the situation of each Mediterranean country in terms of growth, its inclusiveness (or lack of) and macroeconomic balances, country by country.
The Season of Choices
Table of Contents
Chapter 1. Short-term Challenges and Long-term Stability
I. The Economies of the Arab Spring: Two Years Later
II. Lack of inclusive growth that penalizes long- term development
III. Recommendations: Rising to the challenge through Innovation, Inclusiveness and with an active role of the International CommunitY
Chapter 2. The Long Journey out from the Authoritarian Bargain
II. The authoritarian bargain
III. The dismantling of the authoritarian bargain
IV. Emergence of new social forces
Chapter 3. Opening up intelligently
I. Trade openness beyond the global trend
II. Did the opening up efforts pay off?
III. Evolution of EU-MPs trade: lesser deterioration of the trade balance with the EU than with all other partners
IV. Why to continue the opening up process and how?
Part two – Detailed situation in MPs : country sheets