IMF Working Papers

Globalization and Growth Prospect in Arab Countries

By Patricia Alonso-Gamo

September 1, 1997

Download PDF

Preview Citation

Format: Chicago

Patricia Alonso-Gamo. Globalization and Growth Prospect in Arab Countries, (USA: International Monetary Fund, 1997) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Globalization—the intensification of international trade and finance linkages underpinned by economic liberalization and technological change—presents both challenges and opportunities to Arab countries. After reviewing this region’s disappointing performance in integration and growth, this paper analyzes the empirical relationship between the two and concludes that integration is necessary if high growth rates are to be attained and the region is not to become marginalized. It then identifies the main obstacles to the integration of Arab countries into the world economy and reviews recent progress in overcoming them. On this basis, the paper derives some policy prescriptions.

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

Publication Details

  • Pages:

    49

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1997/125

  • Stock No:

    WPIEA1251997

  • ISBN:

    9781451937336

  • ISSN:

    1018-5941

You May Also Be Interested In...

EBA-Lite 3.0 Model and Methodology

November 18, 2024

Vietnam: Technical Assistance Report-Report on Residential Property Price Index Mission (April 22-26, 2024)

November 8, 2024

IMF

The Managing Director's Global Policy Agenda, Annual Meetings 2024: Secure A Soft Landing And Break From The Low Growth–High Debt Path

October 24, 2024

2024 Review Of The Poverty Reduction And Growth Trust Facilities And Financing — Reform Proposals

October 21, 2024