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Globalization and Growth Prospect in Arab Countries

Author

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  • Ms. Patricia Alonso-Gamo

Abstract

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.

Suggested Citation

  • Ms. Patricia Alonso-Gamo, 1997. "Globalization and Growth Prospect in Arab Countries," IMF Working Papers 1997/125, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1997/125
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    Cited by:

    1. Ms. Dalia S Hakura, 2004. "Growth in the Middle East and North Africa," IMF Working Papers 2004/056, International Monetary Fund.
    2. Samir Makdisi,Zeki Fattah and Imed Limam, "undated". "Determinants of Growth in the Mena Countries," API-Working Paper Series 0301, Arab Planning Institute - Kuwait, Information Center.

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