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Directions of Economic Integration in the Arab East

Author

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  • Raluca Ioana Oprea

    (“Lucian Blaga†University of Sibiu)

Abstract

Economic integration is one of the most important premises of globalization. The purpose of this paper is to analyze the effects that economic integration can generate in the Arab East, but also to investigate the current state of integration in the region. The benefits that a state can benefit by strengthening its position in the field of economic integration, either through preferential trade agreements or through foreign direct investment or labor migration, are obvious. The Arab East can thus attract a more sustained economic growth process for the less developed countries, either through intra-regional cooperation, through contact with the Arab states that are members of the Gulf Cooperation Council or through trade links developed with Europe, United States or the rest of the world. Also, regional development in the Arab world can benefit developed countries, either by developing successful partnerships with other global regions, or by delivering large-scale projects of particular regional importance, such as infrastructure or telecommunication.

Suggested Citation

  • Raluca Ioana Oprea, 2019. "Directions of Economic Integration in the Arab East," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 110-114, August.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:110-114
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    References listed on IDEAS

    as
    1. Philippa Dee, 2007. "East Asian Economic Integration and its Impact on Future Growth," The World Economy, Wiley Blackwell, vol. 30(3), pages 405-423, March.
    2. Henrekson, Magnus & Torstensson, Johan & Torstensson, Rasha, 1997. "Growth effects of European integration," European Economic Review, Elsevier, vol. 41(8), pages 1537-1557, August.
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    More about this item

    Keywords

    economic integration; Arab East; Arab world; Arab integration; globalization;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F2 - International Economics - - International Factor Movements and International Business
    • F15 - International Economics - - Trade - - - Economic Integration

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