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Breaking or Building Bridges?: The Trade Story of the MENA Region [Pehme köide]

(Gulf University for Science and Technology), (University of Orléans and Economic Research Forum)
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This Element presents the main characteristics of international trade in the Middle East and North Africa (MENA) region by analyzing whether its trade policy managed to build or break bridges among MENA countries and with the rest of the world. Its objective is threefold. First, it provides an overview of trade theories from the MENA region perspective. Second, it analyzes the main trends and features of trade flows and trade policies. Third, it shows how trade policies had different development outcomes related to gender, informal employment, and the composition of labor demand. The main findings show that trade policies and domestic characteristics explain the relatively poor performance of trade flows in most of the diversified MENA economies. Also, the MENA region is highly affected by world business cycles given that this region is the largest exporter of oil. Finally, development outcomes still need to be streamlined within trade policies.

Muu info

This Element unpacks the MENA region's trade journey, revealing whether its trade policies have opened doors to global integration.
1. Introduction;
2. A heterogenous region;
3. Historical background;
4.
A refresher of international trade theories: MENA perspective;
5. Overview of
trade flows in the MENA region: A macro approach;
6. Trade and firm dynamics:
A micro approach;
7. Potential explanations of trade patterns;
8. Business
cycles and growth;
9. Trade and development outcomes;
10. Conclusion;
References.