Regional Economic Integration in the Middle East and North Africa

Regional Economic Integration in the Middle East and North Africa

Limited integration has stifled the Middle East and North Africa (MENA) region's significant potential for economic growth and job creation. Home to 5.5 percentage of the world's population and 3.9 percentage of the world's Gross Dom...

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Bibliographic Details
Main Author: Rouis, Mustapha
Format: Brief
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
AGRICULTURAL PRODUCTS
AIR
BARRIERS TO TRADE
BORDER TRADE
COMMODITIES
COMMUNICATIONS TECHNOLOGY
COMPETITIVE REGIONS
CROSSINGS
DEVELOPMENT STRATEGY
ECONOMIC INTEGRATION
ECONOMIC REFORMS
EXPORT DIVERSIFICATION
EXPORTS
EXTERNAL TARIFF
EXTERNAL TARIFFS
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FOREIGN FIRMS
FREE TRADE
FREE TRADE AREA
FREE TRADE ZONE
GDP
GLOBAL MARKETS
GLOBAL TRADE
GROSS DOMESTIC PRODUCT
HARMONIZATION
HIGH TRANSPORTATION
IMPORT TARIFF
IMPORTS
INTERNATIONAL COMPETITIVENESS
INTERNATIONAL STANDARDS
INTRAREGIONAL TRADE
INVESTMENT BARRIERS
INVESTMENT FLOWS
INVESTMENT REGIME
JOB CREATION
KNOWLEDGE SPILLOVERS
LIBERALIZATION
MIDDLE-INCOME ECONOMIES
MOBILITY
MOST FAVORED NATION
OIL IMPORTERS
PER CAPITA INCOME
PREFERENTIAL TARIFF
PREFERENTIAL TARIFF TREATMENT
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PRIVATIZATION
PRODUCTION COSTS
PRODUCTIVITY GROWTH
PUBLIC OWNERSHIP
QUALITY OF TRANSPORT
RAIL
RAIL NETWORK
RAILWAYS
RAPID EXPANSION
REFORM PROGRAMS
REGIONAL INTEGRATION
REGULATORY FRAMEWORKS
ROAD
RULES OF ORIGIN
TARIFF EQUIVALENT
TARIFF PROTECTION
TELECOMMUNICATIONS
TOURISM
TRADE BARRIERS
TRADE COSTS
TRADE FACILITATION
TRADE IN GOODS
TRADE IN SERVICES
TRADE LOGISTICS
TRADE PREFERENCES
TRADE RESTRICTIONS
TRANSPORT
TRANSPORT INFRASTRUCTURE
TRANSPORTATION COSTS
VERTICAL INTEGRATION
WORLD DEVELOPMENT INDICATORS
WORLD ECONOMY
WORLD TRADE
WTO
Online Access:http://documents.worldbank.org/curated/en/2013/05/17776454/regional-economic-integration-middle-east-north-africa
http://hdl.handle.net/10986/20566
Description
Summary:Limited integration has stifled the Middle East and North Africa (MENA) region's significant potential for economic growth and job creation. Home to 5.5 percentage of the world's population and 3.9 percentage of the world's Gross Domestic Product (GDP), the region's share of nonoil world trade is only 1.8 percentages. By contrast, countries opting for a liberal trade and investment regime most notably in East Asia have seen significant increases in trade, employment, and per capita income. If petroleum and gas are included, Middle East and North Africa (MENA) is far more integrated in the world economy, with exports accounting for 6.2 percentages of global trade. Oil and gas exports are three-quarters of total MENA's exports.

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