Globalization and Growth Prospects in Arab Countries

49 Pages Posted: 15 Feb 2006

See all articles by Patricia Alonso-Gamo

Patricia Alonso-Gamo

International Monetary Fund (IMF)

Annalisa Fedelino

International Monetary Fund (IMF)

Sebastian Paris Horvitz

affiliation not provided to SSRN

Date Written: September 1997

Abstract

Globalizationthe intensification of international trade and finance linkages underpinned by economic liberalization and technological changepresents 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.

Keywords: Globalization, growth, Arab countries

JEL Classification: F15, F21, F43, O40

Suggested Citation

Alonso-Gamo, Patricia and Fedelino, Annalisa and Horvitz, Sebastian Paris, Globalization and Growth Prospects in Arab Countries (September 1997). IMF Working Paper No. 97/125, Available at SSRN: https://ssrn.com/abstract=882673

Patricia Alonso-Gamo (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Annalisa Fedelino

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Sebastian Paris Horvitz

affiliation not provided to SSRN

No Address Available

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