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Globalization and Growth Prospect in Arab Countries
Author:
Ms. Patricia Alonso-Gamo
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Series:
IMF Working Papers
Volume/Issue:
Volume 1997: Issue 125
Language:
English
Publication Date:
01 Sep 1997
DOI:
https://doi.org/10.5089/9781451937336.001
ISBN:
9781451937336
ISSN:
1018-5941
Pages:
49
Keywords:
WP; Arab country; economic activity; private sector; terms of trade; world economy; Globalization; growth; Arab countries; per capita income; Gulf state; relative position vis-à-vis; state monopoly; oil country; Foreign direct investment; Exports; Trade liberalization; Imports; Global; Sub-Saharan Africa; Western Hemisphere; Middle East; North Africa
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund