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Deeper Integration and Trade in Services in the Euro-Mediterranean Region : Southern Dimensions of the European Neighborhood Policy

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  • Daniel Müller-Jentsch
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    Abstract

    Deeper economic integration with the enlarged European Union - which accounts for a quarter of global GDP and foreign direct investment - could become a main driver for economic development in the southern Mediterranean countries. The planned Euro-Mediterranean free trade area for goods is a first step into that direction, but additional measures are needed. Especially the liberalization of services trade and the comprehensive domestic reforms this entails would strengthen the linkages with global and European markets. This study analyzes the adjustment needs and policy options associated with deeper integration between the two sides of the Mediterranean Sea. It puts specific emphasis on the dynamics of deeper integration at the company level and their respective policy implications. Besides a general discussion of deeper integration and trade in services liberalization, the study contains detailed assessments of individual sectors - especially the backbone services (e.g. transport, telecommunications, financial markets, electricity) and other sectors of relevance for deeper integration (tourism, IT-enabled services, distribution services). Even though the focus is on regional integration, multilateral liberalization issues are factored into the analysis (e.g. the GATS, the WTO Doha Round) and options for the pursuit of an "open regionalism" are explore.

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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 7335 and published in 2005.

    ISBN: 0-8213-5955-X
    Handle: RePEc:wbk:wbpubs:7335

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2002. "An assessment of telecommunications reform in developing countries," Policy Research Working Paper Series, The World Bank 2909, The World Bank.
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    7. Hoekman, Bernard & Konan, Denise Eby, 1999. "Deep integration, nondiscrimination, and Euro-Mediterranean free trade," Policy Research Working Paper Series, The World Bank 2130, The World Bank.
    8. Daniel Muller-Jentsch, 2001. "The Development of Electricity Markets in the Euro-Mediterranean Area : Trends and Prospects for Liberalization and Regional Integration," World Bank Publications, The World Bank, The World Bank, number 13910, February.
    9. Damien Geradin, 2004. "Competition Law and Regional Economic Integration : An Analysis of the Southern Mediterranean Countries," World Bank Publications, The World Bank, The World Bank, number 14940, February.
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    17. Kaminski, Bartlomiej & Ng, Francis, 2001. "Trade and production fragmentation : Central European economies in European Union networks of production and marketing," Policy Research Working Paper Series, The World Bank 2611, The World Bank.
    18. Patrick Honohan & Daniela Klingebiel, 2000. "Controlling fiscal costs of banking crises," Proceedings, Federal Reserve Bank of Chicago 682, Federal Reserve Bank of Chicago.
    19. Mattoo, Aaditya & Fink, Carsten, 2002. "Regional agreements and trade services - policy issues," Policy Research Working Paper Series, The World Bank 2852, The World Bank.
    20. M. Ayhan Kose & Kenneth Rogoff & Eswar Prasad & Shang-Jin Wei, 2003. "Effects of Financial Globalization on Developing Countries," IMF Occasional Papers, International Monetary Fund 220, International Monetary Fund.
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    22. Nico Valckx, 2002. "WTO Financial Services Commitments," IMF Working Papers, International Monetary Fund 02/214, International Monetary Fund.
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