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Assessment of The Macroeconomic Situation in North African Countries and Their Role in The System of World Economic Relations

Author

Listed:
  • Agapova, Anna
  • Budarina, N
  • Shafiev, R
  • Tataeva, I.
  • Kuskov, A.

Abstract

In this article, based on the analysis of the macroeconomic situation of the North African countries, their role in the system of world economic relations is determined. It is proved that despite a certain similarity of the economic model of development of the countries of North Africa, based on the use of raw materials, the impact of external shocks causes different reactions and consequences that are incomparable in scale. It has been determined that the political and economic instability of the North African countries is reflected, among other things, in the ratings of socio-economic development published by international organizations and leading expert and analytical centers. It was revealed that the progress that was achieved by the countries of the region in previous years is largely leveled by factors of a political and religious nature, as well as a strong dependence on world markets for raw materials, which in modern conditions adds certain difficulties to these countries in the world economy.

Suggested Citation

  • Agapova, Anna & Budarina, N & Shafiev, R & Tataeva, I. & Kuskov, A., 2021. "Assessment of The Macroeconomic Situation in North African Countries and Their Role in The System of World Economic Relations," MPRA Paper 110486, University Library of Munich, Germany, revised 18 May 2021.
  • Handle: RePEc:pra:mprapa:110486
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    References listed on IDEAS

    as
    1. I. O. Abramova & L. L. Fituni, 2017. "The Impact Of Structural And Macroeconomic Imbalances On The Fundamental Trends Of The Socio-Economic Development In The Middle East And North Africa," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 10(2).
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      More about this item

      Keywords

      North African countries; economic development; unemployment rate; export and import of goods; global competitiveness index; globalization index; doing business index; economic freedom index; global innovation index.;
      All these keywords.

      JEL classification:

      • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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