Just as the "Arab Spring" opened a debate about politics in the Middle East, we now need an "Economic Spring" on how to rethink the region's economic future. Of course each country will have to define its own strategy, but there will be some common issues that will have to be addressed.
Historic transitions in several Arab countries are coming under increasing strain. Domestic uncertainty over the countries’ future course, compounded by the global slowdown and rising oil prices, took a toll on growth in 2011, and the current year will be equally challenging. A joint and sustained effort is needed to help these countries navigate through this challenging period and set out an economic vision that is fair and inclusive.