1. Overview / Samiha Fawzy and Ahmed Galal -- Pt. I. The Business Environment. 2. The Business Environment in Egypt / Samiha Fawzy. 3. The Business Environment in Tunisia / Lahouel Mohamed El Hedi. 4. The Business Environment in Jordan / Taher H. Kanaan -- Pt. II. Privatization. 5. The Results of Privatization: Evidence from International Experience / John Nellis. 6. Privatization in Egypt: Constraints and Resolutions / Mokhtar Khattab. 7. Constraints of Privatization in Turkey / Ozer Ertuna -- Pt. III. The Role of Government and the Private Sector in Infrastructure. 8. Welfare Impact of Telecom Reform in Egypt: An Ex Ante Analysis / Ahmed Galal. 9. The Debate over Sequencing Private Sector Participation in Infrastructure / Edmund O'Sullivan -- Pt. IV. Transaction Costs in Government-Private Interaction. 10. Tax Administration and Transaction Costs in Egypt / Sahar Tohamy. 11. International Institutions and Efficiency in Public Procurement / Bernard Hoekman