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EMU and the Euro-Mediterranean Dialogue: Trade Interdependence between Mediterranean and Euro-area Countries

In: The Future of EMU

Author

Listed:
  • Giorgio Fazio

Abstract

Economic interdependence and trade encourage international dialogue and represent a base for reducing international conflicts. Hence, international co-operation for the reduction of barriers to trade and capital flows can be important not only in inducing economic progress, but also in promoting peace (Polachek and Siegle 2006). In this respect, the introduction of the euro represents an epochal event for both the participants in the single European currency and for their external partners, and in particular those in neighbouring regions. However, whilst a large body of literature has focused on analysing the first, in particular, with respect to the impact of the euro on intra-regional trade, little effort has been devoted to investigating the role of the euro in shaping the relations of the EMU members with their non-EMU partners.

Suggested Citation

  • Giorgio Fazio, 2009. "EMU and the Euro-Mediterranean Dialogue: Trade Interdependence between Mediterranean and Euro-area Countries," Palgrave Macmillan Books, in: Leila Simona Talani (ed.), The Future of EMU, chapter 5, pages 89-109, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23389-8_6
    DOI: 10.1057/9780230233898_6
    as

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