## 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

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### 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.*

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- **Globalization and Growth Prospects in Arab Countries - WP/97/125**
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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/globalization-and-growth-prospect-in-arab-countries-2343_