Globalization 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
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Adjusting to New Realities: MENA, the Uruguay Round, and the Eu-Mediterranean Initiative
By Patricia Alonso-gamo, Susan Fennell, ...
-
Trade Liberalization and Tax Reform in the Southern Mediterranean Region
-
Impact of European Union Assocation Agreements on Mediterranean Countries
-
Can the EU Anchor Policy Reform in Third Countries? An Analysis of the Euro-Med Partnership
By Mehmet Ugur and Alfred Tovias
-
Investment and Growth in the Middle East and North Africa
By Mohamed A. El-erian, Mahmoud El-gamal, ...
-
The Liberalization of Tunisian Agriculture and the European Union: A Prospective Analysis
-
How Does the EU Agenda Influence Economies Outside the EU? The Case of Tunisia
By Luca Papi and Alberto Zazzaro
-
By Anja Zorob