Maghreb Regional and Global Integration: A Dream to be Fulfilled

Maghreb Regional and Global Integration: A Dream to be Fulfilled

by Gary Clyde Hufbauer
     
 

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Working toward political stability by combating increased levels of terrorist activity, the Maghreb countries-Morocco, Algeria, Tunisia, Mauritania, and Libya-have shifted efforts away from executing full-fledged economic reform. At the same time, recently implemented economic reforms fall short of bolstering lackluster performance and easing political tension among

Overview

Working toward political stability by combating increased levels of terrorist activity, the Maghreb countries-Morocco, Algeria, Tunisia, Mauritania, and Libya-have shifted efforts away from executing full-fledged economic reform. At the same time, recently implemented economic reforms fall short of bolstering lackluster performance and easing political tension among neighbors. In fact, Maghreb has one of the lowest rates of intra-regional trade in the world; other factors like rigid economic structures, slow productivity growth, and modest investment levels continue to stymie progress toward economic integration.

Do these countries' diverse circumstances present insurmountable obstacles in achieving economic cooperation and an improved standard of living for citizens? How can the United States and European Union facilitate economic progress? Maghreb Regional and Global Integration: A Dream to be Fulfilled proposes achievable strategies to meet the current challenges and improve economic efficiency. This book utilizes two distinct econometric tools to assess four key sectors-energy, banking and insurance, transport, and agribusiness-and outlines sector-specific recommendations. To that end, the authors advocate revamping existing free trade agreements, reducing tariff and non-tariff barriers, and creating new industries and service activities as a means to overcome market impediments and elevate the region's attractiveness to global firms.

This volume not only assesses the gains from economic integration among the Maghreb countries, but also focuses on the tangible benefits from enhanced economic ties between the region and the world economy. Notably, reform inthe Maghreb region will improve the business climate in Eastern Europe; thus, foreign intervention will also promote regulatory harmonization. With this critical analysis, the authors provide an in-depth look at practical measures such as bilateral trade and investment agreements, regional arrangements, and financial assistance that can significantly boost short-term success and ensure long-term gains through integration in an unstable region.

Product Details

ISBN-13:
9780881324266
Publisher:
Peterson Institute for International Economics
Publication date:
10/15/2008
Edition description:
New
Pages:
192
Product dimensions:
5.90(w) x 8.90(h) x 0.60(d)

Meet the Author

Gary Clyde Hufbauer is the author or editor of books including Economic Sanctions Reconsidered, 3rd ed. (2008), NAFTA Revisited (2005), US-China Trade Disputes: Rising Tide, Rising Stakes (2006). He has been the Peterson Institute's Reginald Jones Senior Fellow since 1992, was the Marcus Wallenberg Professor of International Finance Diplomacy at Georgetown University (1985-92), senior fellow at the Peterson Institute (1981-85), deputy director of the International Law Institute at Georgetown University (1979-81), deputy assistant secretary for international trade and investment policy of the US Treasury (1977-79), and director of the International Tax Staff at the US Treasury (1974-76). He has written extensively on international trade, investment, and tax issues.

Claire Brunel is a research assistant at the Peterson Institute for International Economics. Her areas of research at the Institute include trade issues, particularly relating to North America, China, and the European Union. Before joining the Institute, she worked at the European Commission in the Economics and Financial Affairs DG, for BNP Paribas in macroeconomic studies, and for Schroeder Salomon Smith Barney in mergers and acquisitions. She received her BS degree in mathematics and economics from Georgetown University and an MPhil in economics from the University of Oxford. She is a contributor to Debating China's Exchange Rate Policy (2008).

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