Edited by José R. López-Cálix, Peter Walkenhorst, Ndiamé Diop
Over the past decade, four major developments in global economic
integration have shaped trade policy and the economic performance of
countries within the Middle East and North Africa region: the emergence
of global supply chains, the growth of trade in services, the rise of
China and India as major international trading powers, and regional
integration. These developments, along with the labor and natural
resource endowments of particular countries (some are resource-poor but
labor-abundant, some resource-rich and labor-abundant, and some
resource-rich and labor-importing), have influenced export
diversification outcomes across the region. Yet these countries may not
be taking full advantage of all of the opportunities the four new
trends offer to them.
Trade Competitiveness of the Middle East and North Africa:
Policies for Export Diversification examines the region's trade
policy agendas and their results by focusing on the countries'
response to these four key developments in international trade. As the
region recovers from the global financial and economic crises, the book
identifies reforms that could allow countries to further strengthen
global production networks, benefit more from trade in services, better
compete in external markets to face the rise of China and India, and
reach the full potential of regional integration. If thoroughly
implemented, especially by oil exporters, all of these reforms could
help boost growth and job creation in the region.
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