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Innovative Engines of Growth, Trade and Jobs in the MENA Region Informal Dialogue Among Leading Economists Center for Mediterranean Integration September 10, 2011 – Villa Valmer, Marseille

The political events of the last year have been a turning point in the Middle East and North Africa (MENA), particularly for Tunisia and Egypt, but also for the region at large. The ongoing political developments will certainly have wide-ranging repercussions throughout the region and the world, but they might be cut short if countries in the region are unable to ensure equitable growth and vibrant trade that delivers jobs. Against this backdrop, it is more imperative than ever for us to be innovative and engage on a path towards development that is effective, but also inclusive, in order to tackle the economic shortcomings that haunt the region and that could imperil the democratic momentum. At the request of the French Ministry of Finance, the CMI organized on July 8 an Informal Dialogue Among Leading Economists on the theme of "Economic Transformation and Trade Integration”, concluded by the French Minister of State for Foreign Trade, H.E. Pierre Lellouche. This informal debate took place under the framework of an ongoing process of dialogue initiated in Deauville in May 2011. Building on the emerging Deauville Partnership and the new European Neighborhood Policy, the Dialogue was the opportunity to brainstorm and put a special focus on trade integration, among independent economists, institutions' representatives and governments. A range of issues – judiciary reform, value-chain economic policy, efficient social protection systems and migration potential – was identified during the discussions and calls for follow-up analyses. Specifically, increased trade integration and foreign direct investment were seen as the engines of growth at the heart of economic transformation in the region. Building on this approach, the CMI will convene another informal dialogue among leading economists on September 10 back to back with the G8 Ministers of Finance Meeting in Marseille. Experts, international institutions’ representatives and decision makers are invited to relate to and deepen the challenge of trade integration and to reflect on innovative engines of growth, and what they spell out in terms of challenges for (i) a more inclusive growth that is both broad and equitable, and (ii) the transition towards a knowledge economy. It will be an informal dialogue to inform further discussions in different international fora. The overarching objective of the meeting is to discuss ideas and processes that will facilitate informed public policy choice and greater integration. Political transitions will indeed only be achieved through better economic performance and more inclusive growth that is transparent and accountable. Countries need to adopt new paths of development that will embrace the majority of the population and create jobs for the young generation. Democratization will ensure free flow of information, and opportunity for people to participate in governance and public debate. Governments must increase transparency, accountability and quality of service in public agencies, as well as reduce conflicts of interest between the public sector and private interests and reinforce regulating bodies. This can be achieved through better regional and global integration.

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Supporting innovation – from the creation of new technology that is embedded in new products and processes to the diffusion and use of existing technology, to promoting innovations that help the poor – is key to developing new economic activities, and particularly new services. The move to a knowledge economy requires that countries in the southern Mediterranean and more broadly in MENA cooperate regionally to maximize the benefits from trade, FDI, financial regulation and integration, and technology diffusion, and to participate in global production networks and value-chain arrangements. The way for MENA countries to create jobs is to transform and invest more in knowledge-related domains, and develop competitive economic activities that have high levels of productivity and are sustainable. The Center for Mediterranean Integration (CMI) based in Marseille is a multi-partner collaborative arrangement to facilitate access to best knowledge, practices, and support among public and independent institutions, in order to improve cooperation, enhance sustainable development, and converge policies towards greater integration in the Mediterranean Region. Its founding members bring together the Governments of France, Egypt, Morocco, Tunisia, Lebanon and Jordan, the European Investment Bank and the World Bank. As a pragmatic platform which partner countries can use, the Center draws on a broad range of institutional and independent expertise and resources to serve countries’ interests in upstream and technical reflections.

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Innovative Engines of Growth, Trade and Jobs in the MENA Region Informal Dialogue Among Leading Economists Center for Mediterranean Integration September 10, 2011 – Villa Valmer, Marseille

AGENDA

10.00 – 10.15 Opening Remarks Mats Karlsson; Raphael Bello 10.15 – 12.45 Trade and Integrated Growth Magda Kandil; Jean-Pierre Chauffour; Karim El Aynaoui; Erik Berglof Discussion 12.45–14.00

Lunch

14.00 – 15.15 Drivers of Inclusive Growth Ahmad Mohamed Ali Al Madani; Mohammed Chafiki; Mouhoud El Mouhoub Discussion 15.15 – 16.30 Transition to a True Knowledge Economy Philippe de Fontaine Vive; Lino Cardarelli ; Zeine Ould Zeidane; Jean-Louis Reiffers Discussion 16.30 – 17.00 Coffee Break 17.00 – 18.00 Closing Session introduced by Mats Karlsson and Pierre Jacquet - Mr. François Baroin, Minister of Finance, France - Dr. Hazem El-Beblawi, Deputy Prime Minister for Economic Affairs and Finance Minister, Egypt - Mr. Salaheddine Mezouar, Minister of Economy and Finance, Morocco - Mr. Jaloul Ayed, Minister of Finance, Tunisia - Dr. Mohammad Abu Hammour, Minister of Finance, Jordan - Dr. Jassim Al Mannai, Director General and Chair of the Board, Arab Monetary Fund - Mr. Masood Ahmed, Director, Middle East and Central Asia Department, International Monetary Fund - Ms. Inger Andersen, Vice President Designate, Middle East and North Africa Region, World Bank 18.00

Reception

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