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… See more details below

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.

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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)

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