Economic Integration in the Maghreb: An Untapped Source of Growth
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Summary:
Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.
Series:
Departmental Paper No. 2019/003
Subject:
Comparative advantage Economic integration Exports International trade Regional integration Trade integration Trade policy
English
Publication Date:
February 13, 2019
ISBN/ISSN:
9781484378373/2616-5333
Stock No:
EIMUSGEA
Pages:
47
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