Abstract: The paper discusses the possible impact of the Egypt-EU Agreement on the textile industry and ready- made garments in Egypt. It shows that Egypt has good export potential to EU markets. It also highlights that although trade liberalization resulting from the implementation of the GATT and the EU partnership agreement will increase Egypt’s access […]
Abstract: This paper discuses the possible impact of the Egypt-EU Agreement on the textile industry in Egypt and the policies needed to maximize Egypt’s benefits from this agreement. The Egypt-EU agreement is coming at a time when the textile industry enjoys a high comparative advantage but also suffers from many problems that prevent it from […]
Abstract Following an overview of the economic aspects of the ongoing globalization process, this paper documents the extent to which Arab economies have benefited from this process while minimizing the risks. It argues that there is considerable potential, as well as need, for these countries to integrate more fully into the world economy, thereby contributing […]
Improving Egypt’s Economic Performance: The Extent of the Market Is Limited by the Costs of Exchange
Abstract: This paper suggests a way to characterize the costs of exchange—what individuals have to give up in total resources, including money, time, and goods, to execute a transaction successfully. It also discusses some institutional reforms to lower these costs, and offers some suggestions to policy makers in Egypt. The costs of exchange are imposed […]
Abstract: The Mediterranean Partnership initiative was launched by the European Union (EU) in 1994 to achieve deeper regional integration—particularly through developing an area of free trade and cooperation—among the countries of Europe, the Middle East, and North Africa. This paper addresses questions on the effect of a free trade agreement (FTA) with the EU on […]
Abstract:Following the completion of the Uruguay Round and the institution of the World Trade Organization, Egypt has undertaken negotiation of a free trade agreement with the European Union. This paper examines the potential impact of these developments on the pharmaceutical sector in Egypt, focusing on the TRIPs and EU agreements, and seeks to draw conclusions […]
Abstract:The Government of Egypt has for some time been pursuing economic reform, which has led to great improvement in macroeconomic indicators. The supply response by the private sector, however, in terms of investment in productive resources and employment creation, has been limited. This may be due to uncertainty regarding the reversibility of reform, or because […]
Abstract: This paper addresses question about Egyptian service industries that arise in the context of the proposed Egypt-EU trade agreement. Will Egyptian service industries- particularly financial service – be able to cope with liberalization? What are the potential gains from such liberalization, and to what extent do inefficient service impose a burden on Egyptian firms […]
Abstract Saving is critical for economic growth. Yet there is general agreement that savings follows growth. The question addressed in this paper is whether and how much additional savings can be generated from privatization and other reforms of the public enterprise sector.The paper argues that public enterprise reform can enhance national savings because it leads […]
Abstract Morocco and Tunisia have both recently signed comprehensive integration agreements with the European Union (EU). These agreements consist of increased aid and technical assistance from the EU, in exchange for reductions in trade barriers over a period of 12 years on the p art of Morocco and Tunisia. The agreements are part of a […]