It is now widely recognized that sustaining a high rate of economic
growth is one of the major policy issues, if not the major one,
facing the Arab economies. The Arab economies need to build on the
recent increases in their growth rates if they are to better meet
their employment challenges and substantially improve the living
standards of their population. This is not an easy task. It
involves decisively overcoming the legacy of slow growth of the
1980s and early 1990s. To do this, the economies must reduce their
dependence on external stimuli and develop comprehensive,
broad-based and durable domestic sources of growth.
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