How Free Trade Can Help Convert the 'Arab Spring' into Permanent Peace and Democracy
AbstractSince Jean Monnet conceived the Coal and Steel Community, free trade has successfully prevented serious conflicts in Europe between democratically governed States with market economies. After six countries established the European Community, this principle has been extended successfully to its immediate neighbours, successively enlarging the European Union to its current 27 Member States. The Union’s European Neighbourhood Policy (ENP) has through the Union for the Mediterranean and the Eastern Partnership attempted to further political stability and economic development by liberalising trade between the EU and its neighbours as well as among these neighbours themselves.The ‘Arab Spring’ initially improved the prospects for establishing political democracy and human rights in key countries. In response, the EU increased the emphasis in the ENP on supporting the democratization process in the Barcelona countries and on negotiating deep and comprehensive free trade agreements among the countries of the region as well as between each such country and the EU. Using a panel gravity model of trade, this paper estimates the potential for increased intra-regional trade among ten countries of the Southern and Eastern Mediterranean coast of the EU. It attempts to answer the following questions. Between which groups of countries (e.g., Agadir countries, key actual/former belligerent countries in the Middle East) is this potential largest? Is it anywhere sufficiently large to provide an incentive for these countries to integrate much more closely with each other and with the EU? Can the prospect of such closer integration provide sufficient economic benefits to encourage progress in democratisation in key countries and resolution of conflicts between key participating countries? Or are stronger incentives needed?
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 3882.
Date of creation: 2012
Date of revision:
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
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.:
- Bourdet, Yves & Persson, Maria, 2011.
"Reaping the Benefits of Deeper Euro-Med Integration Through Trade Facilitation,"
2011:15, Lund University, Department of Economics.
- Bourdet, Yves & Persson, Maria, 2011. "Reaping the Benefits of Deeper Euro-Med Integration Through Trade Facilitation," Working Paper Series 881, Research Institute of Industrial Economics.
- Egger, Peter & Larch, Mario, 2008. "Interdependent preferential trade agreement memberships: An empirical analysis," Journal of International Economics, Elsevier, vol. 76(2), pages 384-399, December.
- María Dolores Parra Robles & Inmaculada Martínez-Zarzoso & Celestino Suárez Burguet, 2012. "The impact of FTAs on MENA trade," Ibero America Institute for Econ. Research (IAI) Discussion Papers 217, Ibero-America Institute for Economic Research.
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