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While the US and European banking systems were overwhelmed by the subprime crisis and credit crunch, Mediterranean member countries of the FEMIP (*) to a large extent withstood the crisis in 2009. How did they overcome this hurdle, and how can the road to growth be rediscovered? A study on this issue was published by Femise and the EIB on 29 November 2010.

MOROCCO. Spared financial turbulence, Morocco has instead suffered the effects of the crisis in property, tourism and export sectors of the economy.

The more domestic investment there is in a country, the more foreign investors are encouraged to count on these countries. This is one theory that has been confirmed in Mediterranean countries in the South, according to researchers from FEMISE.

TUNISIA. The ability of the southern Mediterranean countries to stave off the devastating effects of the financial crisis justified the limited deregulation of their financial markets. Tunisia is a case in point, and it must continue its steady economic reforms by resisting the temptation of potentially troublesome short-term capital.

Does the social development of the population influence economic performance? A study by Femise, funded by the European Union, sheds light upon the relationship between individual freedoms, degree of openness and foreign direct investments in countries in the Mena region (Middle East and North...

International investors tend to favour countries where local investment is already high, a Femise study demonstrates. However, in the countries south of the Mediterranean, internal investment remains low. The explanation can be found in terms of institutional quality.

The more domestic investment there is in a country, the more foreign investors are encouraged to count on these countries. This is one theory that has been confirmed in Mediterranean countries in the South, according to researchers from FEMISE.