Globalization and Growth Prospect in Arab Countries
IMF Working Papers, September 1, 1997
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Bibliographic details
- Authors: Patricia Alonso-Gamo
- Published: September 1, 1997
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451937336.001
Summary
- Globalization is defined as "the intensification of international trade and finance linkages underpinned by economic liberalization and technological change."
- The paper reviews the region’s "disappointing performance in integration and growth."
- Empirical analysis concludes that "integration is necessary if high growth rates are to be attained and the region is not to become marginalized."
- The paper identifies "the main obstacles to the integration of Arab countries into the world economy and reviews recent progress in overcoming them."
- Based on the review and analysis, the paper "derives some policy prescriptions."
Key findings and analysis
- The region's past performance on economic integration and growth is characterized as "disappointing."
- There is an empirical relationship analyzed between integration and growth, with the conclusion that integration is necessary for achieving "high growth rates" and avoiding marginalization in the world economy.
Main obstacles to integration (as characterized)
- The paper "identifies the main obstacles to the integration of Arab countries into the world economy" (obstacles are noted in the paper's scope; specifics are contained in the full text).
Recent progress reviewed
- The paper "reviews recent progress in overcoming" integration obstacles (details are in the full paper).
Policy prescriptions
- The paper "derives some policy prescriptions" on the basis of the analysis of integration, obstacles, and recent progress (specific prescriptions are presented in the full paper).
Subjects and keywords
- 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
IMF Working Paper: "Globalization and Growth Prospect in Arab Countries" (Working Paper No. 1997/125) by Patricia Alonso-Gamo, September 1, 1997.
Content in this bundle
- Globalization and Growth Prospects in Arab Countries - WP/97/125