Download This PaperGlobalization and Growth Prospects in Arab Countries
49 Pages Posted: 15 Feb 2006
Date Written: September 1997
Abstract
Globalizationthe intensification of international trade and finance linkages underpinned by economic liberalization and technological changepresents both challenges and opportunities to Arab countries. After reviewing this region`s disappointing performance in integration and growth, this paper analyzes the empirical relationship between the two and concludes that integration is necessary if high growth rates are to be attained and the region is not to become marginalized. It then identifies the main obstacles to the integration of Arab countries into the world economy and reviews recent progress in overcoming them. On this basis, the paper derives some policy prescriptions.
Keywords: Globalization, growth, Arab countries
JEL Classification: F15, F21, F43, O40
Suggested Citation: Suggested Citation
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