Globalization and Growth Prospect in Arab Countries

September 1, 1997

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Patricia Alonso-Gamo. Globalization and Growth Prospect in Arab Countries, (USA: International Monetary Fund, 1997) accessed September 18, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Globalization—the intensification of international trade and finance linkages underpinned by economic liberalization and technological change—presents 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.

Subject: Balance of payments, Exports, Foreign direct investment, Globalization, Imports, International trade, Trade liberalization

Keywords: Arab countries, Arab country, Economic activity, Exports, Foreign direct investment, Global, Globalization, Growth, Gulf state, Imports, Middle East, North Africa, Oil country, Per capita income, Private sector, Relative position vis-à-vis, State monopoly, Sub-Saharan Africa, Terms of trade, Trade liberalization, Western Hemisphere, World economy, WP

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1997/125
Stock No:

WPIEA1251997
ISBN:

9781451937336
ISSN:

1018-5941

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