Economic Integration in MENA : The GCC, the Maghreb, and the Mashreq
Though the Middle East and North Africa (MENA) region has weathered the recent global financial and economic crisis relatively well, it still faces daunting medium-term challenges. These include high unemployment (especially among young people), vu...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/10/13724907/economic-integration-mena-gcc-maghreb-mashreq http://hdl.handle.net/10986/10913 |
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okr-10986-109132021-04-23T14:02:53Z Economic Integration in MENA : The GCC, the Maghreb, and the Mashreq Akhtar, Shamshad Rouis, Mustapha BORDER TRADE BOTTLENECKS COMMODITIES CROSS-BORDER TRADE DEBT DEVELOPING WORLD DRIVERS ECONOMIC CRISIS ECONOMIC DEVELOPMENTS ECONOMIC INTEGRATION ECONOMIC REFORM ECONOMIC WELFARE EUROPEAN UNION EXPORT DIVERSIFICATION EXPORTS FINANCIAL SECTOR FISCAL POLICY FOOD PRICE FOREIGN DIRECT INVESTMENT FREE TRADE FREE TRADE AREA FREE TRADE IN GOODS GLOBAL COMPETITIVENESS GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HARMONIZATION INCOME INFRASTRUCTURE DEVELOPMENT INTRAREGIONAL TRADE LABOR MARKET LABOR MARKET STRATEGY LABOR MARKETS LIBERALIZATION MOBILITY NOMINAL VALUE OIL EXPORTER POLITICAL CONSIDERATIONS POLITICAL ECONOMY PRIVATE SECTOR DEVELOPMENT PRIVATIZATION REGIONAL ACTIVITIES REGIONAL AUTHORITIES REGIONAL BLOCS REGIONAL COOPERATION REGIONAL ECONOMIC INTEGRATION REGIONAL INITIATIVES REGIONAL INSTITUTIONS REGIONAL INTEGRATION REGIONAL LEVEL REGIONAL SPILLOVERS REGIONAL TRADE REGIONAL TRADE AGREEMENTS ROADS SUB-REGION SUB-REGIONS SUBREGIONAL INTEGRATION SUBREGIONS TRADE FACILITATION TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE MORE TRADE PATTERNS TRADE REFORMS TRADE REGIMES TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORTATION WEALTH WORLD TRADE WORLD TRADE ORGANIZATION Though the Middle East and North Africa (MENA) region has weathered the recent global financial and economic crisis relatively well, it still faces daunting medium-term challenges. These include high unemployment (especially among young people), vulnerability to oil and food price shocks and water scarcity and inefficiencies of public sectors. Integration of the region into the global economy has been slow. Of particular concern is the stagnation in the region's share of global non-oil exports, an indication of missed opportunities for diversification and growth. Integration within the region, while rising, is also on the low side when compared with other middle- and high-income regional blocs. To start off the removal of intraregional tariffs under the Pan-Arab Free Trade Area (PAFTA) and the adoption of low common tariffs by the Gulf Cooperation Council (GCC) which coupled with improvements in infrastructure, especially roads and telecommunications is generating benefits. But much remains to be done, especially in reducing nontariff barriers to trade, harmonizing policies and procedures, and facilitating cross-border trade through development of infrastructure links and trade facilitation. Fortunately, trade in services has recently emerged on the agenda of national and regional authorities; this is an area of substantial potential welfare gain for the region. 2012-08-13T13:31:53Z 2012-08-13T13:31:53Z 2010-10 http://documents.worldbank.org/curated/en/2010/10/13724907/economic-integration-mena-gcc-maghreb-mashreq http://hdl.handle.net/10986/10913 English MENA Knowledge and Learning Quick Notes Series; No. 33 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
BORDER TRADE BOTTLENECKS COMMODITIES CROSS-BORDER TRADE DEBT DEVELOPING WORLD DRIVERS ECONOMIC CRISIS ECONOMIC DEVELOPMENTS ECONOMIC INTEGRATION ECONOMIC REFORM ECONOMIC WELFARE EUROPEAN UNION EXPORT DIVERSIFICATION EXPORTS FINANCIAL SECTOR FISCAL POLICY FOOD PRICE FOREIGN DIRECT INVESTMENT FREE TRADE FREE TRADE AREA FREE TRADE IN GOODS GLOBAL COMPETITIVENESS GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HARMONIZATION INCOME INFRASTRUCTURE DEVELOPMENT INTRAREGIONAL TRADE LABOR MARKET LABOR MARKET STRATEGY LABOR MARKETS LIBERALIZATION MOBILITY NOMINAL VALUE OIL EXPORTER POLITICAL CONSIDERATIONS POLITICAL ECONOMY PRIVATE SECTOR DEVELOPMENT PRIVATIZATION REGIONAL ACTIVITIES REGIONAL AUTHORITIES REGIONAL BLOCS REGIONAL COOPERATION REGIONAL ECONOMIC INTEGRATION REGIONAL INITIATIVES REGIONAL INSTITUTIONS REGIONAL INTEGRATION REGIONAL LEVEL REGIONAL SPILLOVERS REGIONAL TRADE REGIONAL TRADE AGREEMENTS ROADS SUB-REGION SUB-REGIONS SUBREGIONAL INTEGRATION SUBREGIONS TRADE FACILITATION TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE MORE TRADE PATTERNS TRADE REFORMS TRADE REGIMES TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORTATION WEALTH WORLD TRADE WORLD TRADE ORGANIZATION |
| spellingShingle |
BORDER TRADE BOTTLENECKS COMMODITIES CROSS-BORDER TRADE DEBT DEVELOPING WORLD DRIVERS ECONOMIC CRISIS ECONOMIC DEVELOPMENTS ECONOMIC INTEGRATION ECONOMIC REFORM ECONOMIC WELFARE EUROPEAN UNION EXPORT DIVERSIFICATION EXPORTS FINANCIAL SECTOR FISCAL POLICY FOOD PRICE FOREIGN DIRECT INVESTMENT FREE TRADE FREE TRADE AREA FREE TRADE IN GOODS GLOBAL COMPETITIVENESS GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HARMONIZATION INCOME INFRASTRUCTURE DEVELOPMENT INTRAREGIONAL TRADE LABOR MARKET LABOR MARKET STRATEGY LABOR MARKETS LIBERALIZATION MOBILITY NOMINAL VALUE OIL EXPORTER POLITICAL CONSIDERATIONS POLITICAL ECONOMY PRIVATE SECTOR DEVELOPMENT PRIVATIZATION REGIONAL ACTIVITIES REGIONAL AUTHORITIES REGIONAL BLOCS REGIONAL COOPERATION REGIONAL ECONOMIC INTEGRATION REGIONAL INITIATIVES REGIONAL INSTITUTIONS REGIONAL INTEGRATION REGIONAL LEVEL REGIONAL SPILLOVERS REGIONAL TRADE REGIONAL TRADE AGREEMENTS ROADS SUB-REGION SUB-REGIONS SUBREGIONAL INTEGRATION SUBREGIONS TRADE FACILITATION TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE MORE TRADE PATTERNS TRADE REFORMS TRADE REGIMES TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORTATION WEALTH WORLD TRADE WORLD TRADE ORGANIZATION Akhtar, Shamshad Rouis, Mustapha Economic Integration in MENA : The GCC, the Maghreb, and the Mashreq |
| geographic_facet |
Middle East and North Africa |
| relation |
MENA Knowledge and Learning Quick Notes Series; No. 33 |
| description |
Though the Middle East and North Africa
(MENA) region has weathered the recent global financial and
economic crisis relatively well, it still faces daunting
medium-term challenges. These include high unemployment
(especially among young people), vulnerability to oil and
food price shocks and water scarcity and inefficiencies of
public sectors. Integration of the region into the global
economy has been slow. Of particular concern is the
stagnation in the region's share of global non-oil
exports, an indication of missed opportunities for
diversification and growth. Integration within the region,
while rising, is also on the low side when compared with
other middle- and high-income regional blocs. To start off
the removal of intraregional tariffs under the Pan-Arab Free
Trade Area (PAFTA) and the adoption of low common tariffs by
the Gulf Cooperation Council (GCC) which coupled with
improvements in infrastructure, especially roads and
telecommunications is generating benefits. But much remains
to be done, especially in reducing nontariff barriers to
trade, harmonizing policies and procedures, and facilitating
cross-border trade through development of infrastructure
links and trade facilitation. Fortunately, trade in services
has recently emerged on the agenda of national and regional
authorities; this is an area of substantial potential
welfare gain for the region. |
| format |
Publications & Research :: Brief |
| author |
Akhtar, Shamshad Rouis, Mustapha |
| author_facet |
Akhtar, Shamshad Rouis, Mustapha |
| author_sort |
Akhtar, Shamshad |
| title |
Economic Integration in MENA : The GCC, the Maghreb, and the Mashreq |
| title_short |
Economic Integration in MENA : The GCC, the Maghreb, and the Mashreq |
| title_full |
Economic Integration in MENA : The GCC, the Maghreb, and the Mashreq |
| title_fullStr |
Economic Integration in MENA : The GCC, the Maghreb, and the Mashreq |
| title_full_unstemmed |
Economic Integration in MENA : The GCC, the Maghreb, and the Mashreq |
| title_sort |
economic integration in mena : the gcc, the maghreb, and the mashreq |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2010/10/13724907/economic-integration-mena-gcc-maghreb-mashreq http://hdl.handle.net/10986/10913 |
| _version_ |
1764414837125808128 |