Intra-Industry Trade of Arab Countries: An Indicator of Potential Competitiveness
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Summary:
Recent and ongoing agreements to liberalize trade between the European Union (EU) and Arab countries raises the question as to how the latter will fare in a more competitive environment. This paper uses the Grubel-Lloyd intra-industry trade (IIT) index as an indicator of the degree of industrial specialization to study Arab countries’ ability to compete in a more open trade setting. It concludes that whereas increased specialization has been achieved over the last decade in Arab countries, IIT remains low not only in absolute terms, but even in a cross-country comparison, when normalized for the level of development.
Series:
Working Paper No. 1997/047
Subject:
Economic sectors Exports International trade Manufacturing National accounts Personal income Trade balance Trade liberalization
English
Publication Date:
April 1, 1997
ISBN/ISSN:
9781451973167/1018-5941
Stock No:
WPIEA0471997
Pages:
26
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