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National Accounting Review

2024, Volume 6, Issue 3: 407-448. doi: 10.3934/NAR.2024019
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A quantitative and qualitative macroeconomic and sociopolitical outlook of the MEDA transitional economies: development-paths, governance climate, and sociocultural factors

  • University of Perugia, Umbria, Italy
  • Received: 25 March 2024 Revised: 27 August 2024 Accepted: 12 September 2024 Published: 20 September 2024

  • JEL Codes: E66, F01, H11, O11, Z10

  • We present a quantitative and qualitative macroeconomic and sociopolitical outlook of the South-East Mediterranean transitional economies (MEDA), aiming to understand their development challenges and growth potential. We used various analytical techniques integrated in this study, including macroeconomic indicators, SWOT analysis, clustering, Markovian chains, investment development-path, and sociocultural factors. MEDA countries differ principally due to varying levels of oil dependence, underdeveloped manufacturing systems, and high unemployment rates. Despite various efforts, institutional deficiencies and a lack of governance persist, hindering countries' growth and attractiveness. Finally, the importance of international cooperation, particularly with the European Union, to support MEDA transitional economies in addressing governance issues, enhancing human development, and fostering internal stability is highlighted.

    Citation: Francesco Scalamonti. A quantitative and qualitative macroeconomic and sociopolitical outlook of the MEDA transitional economies: development-paths, governance climate, and sociocultural factors[J]. National Accounting Review, 2024, 6(3): 407-448. doi: 10.3934/NAR.2024019

    Related Papers:

  • We present a quantitative and qualitative macroeconomic and sociopolitical outlook of the South-East Mediterranean transitional economies (MEDA), aiming to understand their development challenges and growth potential. We used various analytical techniques integrated in this study, including macroeconomic indicators, SWOT analysis, clustering, Markovian chains, investment development-path, and sociocultural factors. MEDA countries differ principally due to varying levels of oil dependence, underdeveloped manufacturing systems, and high unemployment rates. Despite various efforts, institutional deficiencies and a lack of governance persist, hindering countries' growth and attractiveness. Finally, the importance of international cooperation, particularly with the European Union, to support MEDA transitional economies in addressing governance issues, enhancing human development, and fostering internal stability is highlighted.



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