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Trade Strategies for the Southern Mediterranean

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  • Peter A. Petri

Abstract

The lagging economic performance of the Southern Mediterranean (SOM) region over the past decade is often attributed to the region’s relative lack of openness to international trade. The closer analysis of the region’s trade patterns undertaken in this study suggest a more complex picture. These findings show that except for Syria and to a lesser extent Morocco, the region’s overall trade flows are above international norms, that is, levels predicted given the country economic characteristics. Moreover, they also suggest that intra-regional trade, with some qualifications, is relatively high given the region’s economic characteristics. Nevertheless, trade relationships in the Southern Mediterranean appear to lack the vitality of those in East Asia and even Eastern Europe. The Southern Mediterranean’s trade is expanding relatively slowly, exports are concentrated in relatively slow-growing sectors, and the region does not figure prominently in the multinational production strategies ... Les résultats médiocres de la région Sud-méditerranéenne au cours de la dernière décennie sont souvent attribués à sa relative absence d’ouverture aux échanges internationaux. Néanmoins, l’analyse plus fine de la structure commerciale de la région menée dans ce document aboutit à des résultats plus nuancés. Ainsi, à l’exception de la Syrie et, dans une moindre mesure, du Maroc, les flux commerciaux totaux de la région sont au-dessus des normes internationales, à savoir des niveaux calculés en fonction des caractéristiques économiques des pays. En outre, les échanges intrarégionaux sont relativement importants compte tenu des caractéristiques économiques de la région. Il n’en demeure pas moins que le Bassin sudméditerranéen n’a pas la vitalité de l’Asie de l’Est, ni même de l’Europe de l’Est, en matière d’échanges commerciaux. Ces derniers se développent avec lenteur ; les exportations sont concentrées dans des secteurs dont la croissance est atone ; et la région ne figure pas en ...

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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Development Centre Working Papers with number 127.

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Date of creation: Dec 1997
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Handle: RePEc:oec:devaaa:127-en

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Cited by:
  1. Daniel Müller-Jentsch, 2005. "Deeper Integration and Trade in Services in the Euro-Mediterranean Region : Southern Dimensions of the European Neighborhood Policy," World Bank Publications, The World Bank, number 7335.
  2. Jamal Bouoiyour & Serge Rey, 2005. "Exchange Rate Regime, Real Exchange Rate, Trade Flows and Foreign Direct Investments: The Case of Morocco," African Development Review, African Development Bank, vol. 17(2), pages 302-334.
  3. Bouoiyour, Jamal & Rey, Serge, 2005. "Régime de change, taux de change réel, flux commerciaux et investissements directs étrangers: le cas du Maroc
    [Real exchange rate, trade flows and foreign direct investments: the Moroccan case]
    ," MPRA Paper 49503, University Library of Munich, Germany.
  4. Agnès Chevallier & Deniz Ünal-Kesenci, 2001. "La productivité des industries méditerranéennes," Working Papers 2001-16, CEPII research center.
  5. Thierry Mayer, 2006. "Policy Coherence for Development: A Background Paper on Foreign Direct Investment," OECD Development Centre Working Papers 253, OECD Publishing.
  6. Crescenzo dell'Aquila & Marijke Kuiper, 2003. "Which Road to Liberalization? A first assessment of the EuroMed association agreements," ENARPRI Working Papers 002, ENARPRI (European Network of Agricultural and Rural Policy Research Institutes).
  7. Parisi, Palma & Di Gregorio, Donatella, 2005. "The Impact of Euro-Mediterranean Partnerships on the Agricultural Sector of the Mediterranean Area," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24682, European Association of Agricultural Economists.
  8. Alessandrini, Sergio & Resmini, Laura, 2000. "FDI in the Mediterranean Region: a Comparison with CEE Experience," MPRA Paper 26103, University Library of Munich, Germany.
  9. Mariateresa Fiocca, 2001. "Mediterraneo e Balcani: Due Aree di Crisi e di Opportunità alla periferia dell'unione Europea," ISAE Working Papers 19, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).

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