TITLE

Trade and Intra-regional Integration: Is Arab Region A Potential Candidate for Economic Union?

AUTHOR(S)
Lee, Yu-Feng L.; Gohar, Abdelaziz
PUB. DATE
July 2010
SOURCE
Journal of Economic Cooperation & Development;2010, Vol. 31 Issue 3, p67
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The existing economic/currency unions such as the ,,Dollar Zone' and the ,,Euro Zone' have spurred academic and political dialogues regarding the economic integration in the Arab region. This paper analyzes recent inter- and intra-Arab trade trends and its regional patterns of trade, based on the standard gravity model of international trade. As the conventional gravity model has predicted, countries with closer distance significantly trade more than otherwise in the Arab region. However, higher GDP per person weakens the intra-Arab exchange. Possible explanatory factors include the different levels of economic development in Arab, sub-grouping trade arrangements between individual Arab countries (e.g. "Maghreb Union") and the European counterparts, and the Gulf oil exporters' trade with the non-Arab developed nations around the world. It is found that Arab countries with bilinguals (i.e. Arabic and French) and/or dual religious beliefs (i.e. Islam and Christianity) tend to significantly diverge their bilateral trade. Particularly, such alternative in reality offers Arab countries greater trade option inter-regionally. Given these findings, it is suggested that creating an intra-Arab economic union is currently infeasible, and a needing caution is essential for any pursuit of such integration.
ACCESSION #
78004695

 

Related Articles

  • Growth Effects of Economic Integration: Evidence from the EU Member States. Badinger, Harald // Review of World Economics;Apr2005, Vol. 141 Issue 1, p50 

    After compiling an index of economic integration that accounts for global (GATT) as well as regional (European) integration of the KU member states we test for permanent and temporary growth effects in a growth accounting framework, using a panel of fifteen EU member states over the period...

  • Economic Integration Between Belarus and Russia. Bogdanovich, A. V. // Problems of Economic Transition;Apr2005, Vol. 47 Issue 12, p65 

    The article focuses on the economic integration between Belarus and Russia. Of all the countries of the Commonwealth of Independent States (CIS), the Republic of Belarus and the Russian Federation have been most consistent in pursuing economic integration. Belarus occupies only 1 percent of the...

  • Latin America's Free Trade Market Struggles. Risen, Clay // World Trade;Jun2008, Vol. 21 Issue 6, p52 

    This article looks at the economic struggles of Mercosur, a common market comprising Brazil, Argentina, Paraguay, Uruguay and Venezuela. Unlike Europe, where several large economies can balance each other, Brazil utterly dominates the Mercosur economy, making up $800 billion of its $1.1 trillion...

  • Chapter 4: FOREIGN POLICY OPTIONS FOR CARICOM: An Analytical Review. Vasciannie, Stephen // CARICOM Options: Towards Full Integration into the World Economy;2006, p35 

    Chapter 4 of the book "Caricom Options: Towards Full Integration Into the World Economy" is presented. It discusses the foreign regulations options available for the Caribbean communities (CARICOM). It mentions that one of the primary goals of the CARICOM focuses on the harmonization of...

  • THE COMMON MARKET--I. Brooks, John // New Yorker;9/22/1962, Vol. 38 Issue 31, p47 

    The article presents information on the Common Market, the economic association of European Economic Community composed of France, West Germany, Italy, Belgium, the Netherlands and Luxembourg. Trade among the members of the Common Market has increased by 75% in its first four years. The Common...

  • PRESIDENTIAL DIPLOMACY AND THE INSTITUTIONAL UNDERPINNINGS OF MERCOSUR: An Empirical Examination. Malamud, AndrĂ©s // Latin American Research Review;2005, Vol. 40 Issue 1, p138 

    The relative success of the Southern Common Market (MERCOSUR) is a puzzle for most theories of regional integration. This is due to its having achieved remarkable progress in spite of lacking features such as significant levels of previous interdependence (demand factor) or major regional...

  • CENTRAL AMERICAN PROGRAM OF ECONOMIC INTEGRATION.  // International Organization;Summer64, Vol. 18 Issue 3, p632 

    The article reports on the activities of the Central American Program of Economic Integration (CAPEI), often referred to as the Central American Common Market. The basic treaty of CAPEI was signed between the governments of Guatemala, El Salvador, Honduras and Nicaragua and later with Costa...

  • Legal Integration and Use of the Preliminary Ruling Process in the European Union. Carrubba, Clifford J.; Murrah, Lacey // International Organization;Spring2005, Vol. 59 Issue 2, p399 

    Scholars agree that the preliminary ruling system of the European Court of Justice has been instrumental in promoting European integration; however, no consensus has been reached as to why the system is used. Although many explanations have been posited, there has been no systematic comparative...

  • Economic Openness and International Financial Flows. WHITMAN, MARINA V. N. // Journal of Money, Credit & Banking (Ohio State University Press);Nov69, Vol. 1 Issue 4, p727 

    The article discusses economic openness among nations. In contrast to economic integration, which measures the degree to which multiple nations form a frictionless market, openness for a nation refers to the extent of its interactions with the outside world. Several measures of openness are...

Share

Read the Article

Courtesy of

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics