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The Potential of Regional Integration Agreements (RIAs) in Enhancing the Credibility of Reform: The Case of the Syrian-European Association Agreement

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Author Info
Anja Zorob () (GIGA Institute of Middle East Studies)
Abstract

The effect of ‘locking-in’ economic reform and enhancing its credibility is generally regarded as one of the most important potential effects of regional integration. Based on a detailed review of the theoretical debate, this paper develops a general framework for assessment to evaluate the ability of RIAs to serve as effective mechanisms for ‘commitment’ and ‘signalling’. In the second part, this assessment framework is applied to the case of the Syrian-European Association Agreement (AA). Syria initialled an AA with the European Union in October 2004, but two and a half years later, this agreement is still pending formal signature. The empirical findings of this study show that despite several shortcomings, the Syrian-European AA, if it were to come into force, should be able to deliver an appropriate mechanism for signalling and commitment and thus to improve the credibility of the Syrian process of reform at home and abroad. A major loophole of the agreement, however, is represented by its lack of incentives to increase the ‘rewards for good policy’.

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Paper provided by GIGA German Institute of Global and Area Studies in its series GIGA Working Paper Series with number 51.

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Length: 36 pages
Date of creation: May 2007
Date of revision:
Handle: RePEc:gig:wpaper:51

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Related research
Keywords: Regional integration; Credibility; Commitment; Signalling; European Mediterranean Partnership; Syria;

Find related papers by JEL classification:
F15 - International Economics - - Trade - - - Economic Integration

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References listed on IDEAS
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.:
  1. Henri C. Ghesquière, 1998. "Impact of European Union Association Agreements on Mediterranean Countries," IMF Working Papers 98/116, International Monetary Fund.
  2. Fernandez, Raquel & Portes, Jonathan, 1998. "Returns to Regionalism: An Analysis of Nontraditional Gains from Regional Trade Agreements," World Bank Economic Review, Oxford University Press, vol. 12(2), pages 197-220, May.
  3. Giandomenico Majone, 2001. "Nonmajoritarian Institutions and the Limits of Democratic Governance: A Political Transaction-Cost Approach," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 157(1), pages 57-, March. [Downloadable!] (restricted)
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