Implications Of The Growth Of China And India For The Middle East
AbstractThe Middle East and North Africa (MENA) region is expected to benefit more than most other regions from continued rapid growth in China and India. This paper analyzes the trade-related implications of this growth for the MENA countries using a global general equilibrium model, modified to take into account the focus of China and, increasingly, India on exports of manufactures from global production chains. To obtain a better idea of the implications for key countries in the region, we developed a database with expanded coverage of Middle-Eastern countries. We find that most of the gains to the MENA region come from improvements in the terms of trade, particularly linked to increasing demand for energy. Exports from the Middle East as a whole are expected to decline although exports from the non-oil economies will likely expand. Fuelled by higher incomes and by increases in the competitiveness of China and India, imports into MENA are expected to increase. In the oil-exporting countries of the Middle East, Dutch-disease effects increase the importance of policies to promote adjustment to the changing world environment.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal Middle East Development Journal.
Volume (Year): 01 (2009)
Issue (Month): 01 ()
Contact details of provider:
Web page: http://www.worldscinet.com/medj/medj.shtml
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Ianchovichina, Elena & Ivanic, Maros & Martin, Will, 2009. "Implications of the growth of China and India for the other Asian giant : Russia," Policy Research Working Paper Series 5075, The World Bank.
- Lin, Justin Yifu & Martin, William J., 2009. "The Financial Crisis and Its Impact on the Global Agricultural Landscape," 2009 Conference, August 16-22, 2009, Beijing, China 53208, International Association of Agricultural Economists.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim).
If references are entirely missing, you can add them using this form.