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Arab Economic Integration: Between Hope and Reality

Arab Economic Integration: Between Hope and Reality

Paperback

EconomicsGeneral Political Science

ISBN10: 0815730314
ISBN13: 9780815730316
Publisher: Brookings Institution Press
Published: May 15 2003
Pages: 170
Weight: 0.56
Height: 0.52 Width: 5.98 Depth: 9.30
Language: English
Improving the economic performance of Arab countries is now more critical than ever. The region faces high population growth rates, rising unemployment, and modest economic growth coupled with increasingly intense competition from emerging markets in eastern Europe, Latin America, and Asia. Meeting these challenges requires finding ways to overcome political obstacles that impede socially beneficial economic reforms. Despite fifty years of repeated attempts at Arab economic integration, the results in terms of intraregional trade and investment flows have been very modest. This book explains why and discusses possible ways forward. The authors draw especially on the success of the European Union to assess the scope of Arab economic integration as an instrument for narrowing the persistent gap between the region s economic potential and its performance.

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