Globalization and Growth Prospect in Arab Countries

Author/Editor:

Patricia Alonso-Gamo

Publication Date:

September 1, 1997

Electronic Access:

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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.

Series:

Working Paper No. 1997/125

Subject:

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

English

Publication Date:

September 1, 1997

ISBN/ISSN:

9781451937336/1018-5941

Stock No:

WPIEA1251997

Pages:

49

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