From Political to Economic Awakening : The Path of Economic Integration - Deauville Partnership Report on Trade and Foreign Direct Investment, Volume 2. Main Report
The forces unleashed by the Arab political awakening have the power to be transformational. One critical parameter of success will be whether the Arab political awakening is accompanied by a concurrent economic awakening. Economic integration throu...
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| Format: | Foreign Trade, FDI, and Capital Flows Study |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/05/16283852/political-economic-awakening-arab-world-path-economic-integration-deauville-partnership-report-trade-foreign-direct-investment-vol-2-2-main-report http://hdl.handle.net/10986/11887 |
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okr-10986-118872021-04-23T14:02:58Z From Political to Economic Awakening : The Path of Economic Integration - Deauville Partnership Report on Trade and Foreign Direct Investment, Volume 2. Main Report World Bank COMPETITIVENESS DIASPORA RESOURCES DOMESTIC REFORMS ECONOMIC INTEGRATION FOREIGN DIRECT INVESTMENT MARKET ACCESS SUSTAINABLE ECONOMIC GROWTH TRADE UNEMPLOYMENT The forces unleashed by the Arab political awakening have the power to be transformational. One critical parameter of success will be whether the Arab political awakening is accompanied by a concurrent economic awakening. Economic integration through increased trade and foreign direct investment (FDI) is one key means available in the short to medium term to policy makers to put the Partnership countries on a higher path of sustainable economic growth and in a position to decisively tackle the problem of unemployment, especially youth unemployment. To be sure, skepticism abounds in the region over the merits of trade and FDI and the integrity of the private sector in light of "crony capitalism," where the benefits of past policies are perceived to have accrued only to a well-connected few. Leadership is needed in both Partnership countries and Deauville partners to provide a credible long-term vision and explain the mutual benefits of economic integration. One such powerful vision could be the pursuit of a partnership aimed at gradually promoting four key freedoms in the Mediterranean and beyond: the free movement of goods, services, capital, and eventually persons. The implementation of far-reaching domestic reforms in Partnership countries will be critical to effectively reap the growth and employment opportunities offered by greater economic integration and regulatory convergence with the most advanced economies. To further enhance trade and FDI and to achieve the vision of an Arab world more integrated into global markets, the trade and commerce pillar of the Deauville Partnership could therefore focus on four overarching priority areas of reforms and support: (a) improve market access opportunities and market regulations; (b) foster competitiveness, diversification, and employment; (c) facilitate trade and mobilize trade finance and diaspora resources; and (d) promote the inclusiveness, equity, and sustainability of the structural transformation brought about by the process of integration. 2012-12-04T21:36:56Z 2012-12-04T21:36:56Z 2012-05 http://documents.worldbank.org/curated/en/2012/05/16283852/political-economic-awakening-arab-world-path-economic-integration-deauville-partnership-report-trade-foreign-direct-investment-vol-2-2-main-report http://hdl.handle.net/10986/11887 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study Economic & Sector Work 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 en_US |
| topic |
COMPETITIVENESS DIASPORA RESOURCES DOMESTIC REFORMS ECONOMIC INTEGRATION FOREIGN DIRECT INVESTMENT MARKET ACCESS SUSTAINABLE ECONOMIC GROWTH TRADE UNEMPLOYMENT |
| spellingShingle |
COMPETITIVENESS DIASPORA RESOURCES DOMESTIC REFORMS ECONOMIC INTEGRATION FOREIGN DIRECT INVESTMENT MARKET ACCESS SUSTAINABLE ECONOMIC GROWTH TRADE UNEMPLOYMENT World Bank From Political to Economic Awakening : The Path of Economic Integration - Deauville Partnership Report on Trade and Foreign Direct Investment, Volume 2. Main Report |
| geographic_facet |
Middle East and North Africa |
| description |
The forces unleashed by the Arab
political awakening have the power to be transformational.
One critical parameter of success will be whether the Arab
political awakening is accompanied by a concurrent economic
awakening. Economic integration through increased trade and
foreign direct investment (FDI) is one key means available
in the short to medium term to policy makers to put the
Partnership countries on a higher path of sustainable
economic growth and in a position to decisively tackle the
problem of unemployment, especially youth unemployment. To
be sure, skepticism abounds in the region over the merits of
trade and FDI and the integrity of the private sector in
light of "crony capitalism," where the benefits of
past policies are perceived to have accrued only to a
well-connected few. Leadership is needed in both Partnership
countries and Deauville partners to provide a credible
long-term vision and explain the mutual benefits of economic
integration. One such powerful vision could be the pursuit
of a partnership aimed at gradually promoting four key
freedoms in the Mediterranean and beyond: the free movement
of goods, services, capital, and eventually persons. The
implementation of far-reaching domestic reforms in
Partnership countries will be critical to effectively reap
the growth and employment opportunities offered by greater
economic integration and regulatory convergence with the
most advanced economies. To further enhance trade and FDI
and to achieve the vision of an Arab world more integrated
into global markets, the trade and commerce pillar of the
Deauville Partnership could therefore focus on four
overarching priority areas of reforms and support: (a)
improve market access opportunities and market regulations;
(b) foster competitiveness, diversification, and employment;
(c) facilitate trade and mobilize trade finance and diaspora
resources; and (d) promote the inclusiveness, equity, and
sustainability of the structural transformation brought
about by the process of integration. |
| format |
Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
From Political to Economic Awakening : The Path of Economic Integration - Deauville Partnership Report on Trade and Foreign Direct Investment, Volume 2. Main Report |
| title_short |
From Political to Economic Awakening : The Path of Economic Integration - Deauville Partnership Report on Trade and Foreign Direct Investment, Volume 2. Main Report |
| title_full |
From Political to Economic Awakening : The Path of Economic Integration - Deauville Partnership Report on Trade and Foreign Direct Investment, Volume 2. Main Report |
| title_fullStr |
From Political to Economic Awakening : The Path of Economic Integration - Deauville Partnership Report on Trade and Foreign Direct Investment, Volume 2. Main Report |
| title_full_unstemmed |
From Political to Economic Awakening : The Path of Economic Integration - Deauville Partnership Report on Trade and Foreign Direct Investment, Volume 2. Main Report |
| title_sort |
from political to economic awakening : the path of economic integration - deauville partnership report on trade and foreign direct investment, volume 2. main report |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2012/05/16283852/political-economic-awakening-arab-world-path-economic-integration-deauville-partnership-report-trade-foreign-direct-investment-vol-2-2-main-report http://hdl.handle.net/10986/11887 |
| _version_ |
1764418278736789504 |