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The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa
Report

The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa

Björn Rother, Gaëlle Pierre, Davide Lombardo, Risto Herrala, Priscilla Toffano, Erik Roos, Greg Auclair and Karina Manasseh
IMF, 2016
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Editorial Rating

9

Qualities

  • Innovative

Recommendation

The economic and financial consequences of the violence that has torn apart the social fabric of some countries in the Middle East and North Africa (MENA) are widespread and severe. Countries in the midst of active conflict have seen their GDPs fall, foreign investments decline and basic services suffer. In addition, the greatest refugee crisis since World War II accompanies other economic spillovers in neighboring nations and in Europe. As this sobering report from the International Monetary Fund portrays, these problems are likely to haunt MENA for many years. getAbstract recommends this somber analysis to anyone interested in the economic impacts of political instability and violence.

Take-Aways

  • Massive conflicts in the Middle East and North Africa (MENA) have had devastating economic impacts within the region, and surrounding areas are also taking a fiscal hit as refugees pour in.
  • Syria, for example, saw its GDP cut by more than half between 2010 and 2015. The longer strife continues, the more severe the economic consequences.
  • In nations where conflict roils, poverty rises, while increased mortality rates and fleeing refugees deplete human capital. Foreign investors are much less likely to do business in war-torn regions, where security expenditures rise while tourism collapses.

About the Authors

Björn Rother et al. are economists at the International Monetary Fund.

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