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Economic Integration in the Maghreb

Economic Integration in the Maghreb
Author: Mr.Jean-Francois Dauphin
Publisher: International Monetary Fund
Total Pages: 47
Release: 2019-02-13
Genre: Business & Economics
ISBN: 1484398424

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Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.


Economic Integration in the Maghreb

Economic Integration in the Maghreb
Author: Mr.Alexei P Kireyev
Publisher: International Monetary Fund
Total Pages: 48
Release: 2019-02-13
Genre: Business & Economics
ISBN: 1498302076

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Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.


Maghreb Regional and Global Integration

Maghreb Regional and Global Integration
Author: Gary Clyde Hufbauer
Publisher: Columbia University Press
Total Pages: 215
Release: 2008-10-01
Genre: Political Science
ISBN: 0881324949

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Increasing terrorist activity has led the Maghreb countries—Morocco, Algeria, Tunisia, Mauritania, and Libya—to focus on antiterrorism efforts, unintentionally at the expense of full-fledged economic reform. These countries have tightened their border restrictions on the flow of people and goods, reducing commerce and depressing economic activity. In fact, Maghreb has one of the lowest rates of intra-regional trade in the world; other factors like rigid economic structures, slow productivity growth, and modest investment levels continue to stymie progress toward economic integration. Do these countries' diverse circumstances symbolize insurmountable obstacles in achieving economic cooperation and an improved standard of living for citizens? How can the United States and European Union facilitate economic progress? Maghreb Regional and Global Integration: A Dream to Be Fulfilled utilizes two distinct econometric tools to assess four key sectors—energy, banking and insurance, transport, and agribusiness—and outlines achievable sector-specific recommendations. This book not only assesses the gains from economic integration among the Maghreb countries, but also focuses on the tangible benefits from enhanced economic ties between the region and the world economy. With this critical analysis, the authors provide an in-depth look at practical measures such as bilateral trade and investment agreements, regional arrangements, and financial assistance that can significantly boost short-term success and ensure long-term gains through integration in an unstable region.


The Arab Maghreb Union

The Arab Maghreb Union
Author: Mr.Mohamad Ali Finaish
Publisher: International Monetary Fund
Total Pages: 64
Release: 1994-05-01
Genre: Business & Economics
ISBN: 1451969120

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The Founding Treaty of the Arab Maghreb Union (AMU), signed in February 1989, calls for a strengthening of all ties among its member states (Algeria, Libya, Mauritania, Morocco, and Tunisia), including a gradual move toward free circulation of goods, services, and factors of production among them. The paper provides an overview of the economic conditions in the AMU member countries, describes the institutional arrangements under the AMU, and assesses the progress made in attaining the economic objectives of the Treaty. In so doing, the paper identifies the main obstacles encountered in making progress toward the objectives of the Treaty and reviews actions that need to be taken to make further progress in the coming years. In that context, the paper also examines the relationship of the AMU countries with the European Union (EU).


The Prospects for an Economic Community in North Africa: Managing Economic Integration in the Maghreb States

The Prospects for an Economic Community in North Africa: Managing Economic Integration in the Maghreb States
Author: Abderrahman Robana
Publisher: New York : Praeger
Total Pages: 234
Release: 1973
Genre: Business & Economics
ISBN:

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Study of the prospects for economic integration of Morocco, Algeria and Tunisia and for the creation of a North African common market - covers institutional frameworks, theoretical aspects of integration, economic structures and trade structures, the obstacles and potentials for a Maghreb union, etc., and considers the economic planning experiences of each country. Bibliography pp. 182 to 202, map and statistical tables.


Maghreb Regional and Global Integration

Maghreb Regional and Global Integration
Author: Gary Clyde Hufbauer
Publisher: Peterson Institute
Total Pages: 189
Release: 2008
Genre: Africa, North
ISBN: 9781435692275

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Working toward political stability by combating increased levels of terrorist activity, the Maghreb countries have shifted efforts away from executing full-fledged economic reform. At the same time, recently implemented economic reforms fall short of bolstering lackluster performance and easing political tension among neighbors. In fact, Maghreb has one of the lowest rates of intra-regional trade in the world; other factors like rigid economic structures, slow productivity growth, and modest investment levels continue to stymie progress toward economic integration. Do these countries' diverse circumstances symbolize insurmountable obstacles in achieving economic cooperation and an improved standard of living for citizens? How can the US and EU facilitate economic progress? This book not only assesses the gains from economic integration among the Maghreb countries, but also focuses on the benefits from enhanced economic ties between the region and the world economy.


Economic Integration in the Maghreb

Economic Integration in the Maghreb
Author: Weltbank
Publisher:
Total Pages:
Release: 2010
Genre:
ISBN:

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This report reviews the status of Maghreb countries' economic integration with the world, with the Arab world, and within the Maghreb itself. It focuses on trade in goods and services, labor and capital flows, financial integration and cross-border infrastructure integration. It discusses the potential benefits of and key constraints to greater integration. The focus on trade liberalization with the European Union (EU) provides an opportunity for individual Maghreb countries to lock in policies that would eventually help them harmonize policies within their own region. The same argument can be made regarding accession to the World Trade Organization (WTO). The Maghreb countries would reap significant additional benefits if, in parallel to reforms undertaken to improve trade liberalization with Europe, they improved conditions for streamlined trade among themselves. There is significant potential for trade in services in the financial sector, transportation and logistics, and communications and information, among other sectors. According to some studies, comprehensive services reforms that involve increased competition and regulatory streamlining would yield benefits that are at least twice the magnitude of those achieved through tariff removal alone.


Is There a New Vision for Maghreb Economic Integration?

Is There a New Vision for Maghreb Economic Integration?
Author: World Bank. Middle East and North Africa Region. Social and Economic Development Group
Publisher:
Total Pages:
Release: 2006
Genre: Africa, North
ISBN:

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This report on the new vision for Maghreb economic integration argues that assessing the benefits from regional integration can best be done in the context of the broader issues of economic integration in the world economy and more specifically with the main trading partner, the European Union. Based on empirical evidence the paper finds that there is limited potential for intraregional merchandise trade integration in the Maghreb. The report also alerts that benefits from deeper economic integration are no means automatic. Several worldwide studies have argued that weaknesses in the investment climate not only hinder a country's imports and inward foreign direct investment, they also deter exports from enterprises operating in the domestic economy (World Bank, 2005). Service liberalization requires complementary policies and effective regulation, ranging from prudential regulation to pro-competitive regulation in telecommunications. The concluding message emerging from the analysis is that a strategy focusing on service sector and investment climate reforms aimed at facilitating market competition and contestability would improve growth, trade and investment performance in the Maghreb, bringing greater economic gains than would be derived from merchandise trade liberalization alone. The report is structured as follows. The first chapter examines the prospects of regional integration based on merchandise trade liberalization. It does so by performing a detailed quantitative analysis of Maghreb's trade and investment patterns and performance. The chapter also assesses Maghreb countries' trade and investment potential, drawing on panel trade and investment gravity models. The second chapter identifies policy barriers, relative performance and progress made by Maghreb countries in investment climate and service sector policy reforms. To allow for cross-country comparability, the report draws on the methodology developed by the European Central Bank for Reconstruction and Development (EBRD) to construct policy reform indexes for the Maghreb countries. The third chapter aims at estimating the economic gains from deeper and wider integration. The final section of the report summarizes the main conclusions and policy implications drawn from the analysis.


Enhancing Regional Governance and Multilateral Cooperation in Maghreb

Enhancing Regional Governance and Multilateral Cooperation in Maghreb
Author: Andrea Ranelletti
Publisher: Edizioni Nuova Cultura
Total Pages: 232
Release: 2018-09-28
Genre: Political Science
ISBN: 8833650766

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L’ambizione di questo volume è presentare nuovi paradigmi di analisi del processo di integrazione regionale nel 17 Maghreb, da un punto di vista politico, economico e della gestione della sicurezza. Frequentemente trascurata nell’ambito degli “studi comparativi regionali”, il regionalismo maghrebino rappresenta un fenomeno complesso, che può fornire interessanti informazioni sulle “intersezioni dei fattori domestici e internazionali che danno forma alle fortune economiche, agli interessi nell’ambito della sicurezza, e sulle attività culturali degli attori politici” (Katzenstein 1996, 5). Frequently neglected in the field of “comparative regionalist studies”, Maghrebi regionalism represents a complex phenomenon, which could provide interesting information concerning the “intersection of the international and domestic factors that shape the economic fortunes, security interests, and cultural activities of political actors” (Katzenstein 1996, 5).