Arab Economic Integration Between Hope and Reality

Publication Number: ECES-BK7-E&A

May, 2003

Author : Edited by Ahmed Galal & Bernard Hoekman

Type : Books

Despite fifty years of repeated attempts at Arab economic integration, the results in terms of intraregional trade and investment flows have been very modest. This book explains why and discusses possible ways forward. The authors draw especially on the success of the European Union to assess the scope of Arab economic integration as an instrument for narrowing the persistent gap between the region's economic potential and its performance. Specific issues addressed in the book include the economics and politics of Arab economic integration, barriers to trade and investment, vital conditions and incentives for integration, alternative paths to prosperity for Arab countries, and an analysis of the lessons to be learned from the European Union.