Additional information is available for the following registered author(s):

• Peter A. Petri

The developing countries of the Southern Mediterranean (SOM) have missed the extraordinary surge of private international investment in recent years. Although the SOM region was an important destination for foreign direct investments, its share of world FDI has declined. In 1994, private capital represented only 37 per cent of the SOM’s capital inflows (of which nearly all went to Egypt and Morocco) compared to 76 per cent for all developing countries.

There is great potential for expanding foreign investment in the region. Comparative econometric exercises in the study also suggest large gaps between actual inflows into SOM and into similar economies elsewhere. Moreover, the region’s history of emigration and capital flight have created a pool of resources that could quickly respond to opportunities.

This paper identifies a cluster of policy initiatives that could help increase private capital inflows:

• domestic measures — including privatisation, trade liberalisation, and currency ...

Les pays en développement du Bassin sud-méditerranéen n’ont pas profité de l’expansion remarquable des investissements privés internationaux de ces dernières années. Bien que la région ait été précédemment une destination privilégiée pour les investissements directs étrangers, sa part dans les IDE mondiaux a décliné. Ainsi, en 1994, les capitaux privés représentaient 37 pour cent seulement des entrées de capitaux dans la région (et ils se sont concentrés essentiellement sur l’Égypte et le Maroc), alors qu’ils atteignent 76 pour cent pour l’ensemble des pays en développement.

Il existe donc un vaste potentiel pour le développement de l’investissement étranger dans la région. Les comparaisons économétriques effectuées dans l’étude montrent également l’importance des différences entre les entrées actuelles de capitaux dans la région sud-méditerranéenne et dans d’autres économies comparables. L’émigration et les fuites de capitaux qui ont caractérisé la région par le passé ont créé une ...

Download Info

To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

Publisher Info

Paper provided by OECD, Development Centre in its series OECD Development Centre Working Papers with number 128.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: Dec 1997
Date of revision:
Handle: RePEc:oec:devaaa:128-en

Contact details of provider:
Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
Email:
Web page: http://www.oecd.org/Dev
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: ().

Related research

Keywords:

Cited by:
(explanations, 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. Alaya MAROUANE (Université of Tunis) & Dalila NICET-CHENAF (GREThA UMR CNRS 5113) & Eric ROUGIER (GREThA UMR CNRS 5113), 2008. "The law of growth and attraction: an endogenous model of absorptive capacities, FDI and income for MENA countries," Cahiers du GREThA 2008-27, Groupe de Recherche en Economie Théorique et Appliquée. [Downloadable!]
   Other versions:
   • Alaya MAROUANE (Université de Tunis) & Dalila NICET-CHENAF (GREThA-GRES) & Eric ROUGIER (GREThA-GRES), 2008. "The law of growth and attraction: an endogenous model of absorptive capacities, FDI and income for MENA countries," Cahiers du GRES 2008-21, Groupement de Recherches Economiques et Sociales. [Downloadable!]
2. Dalila NICET- CHENAF (GREThA UMR CNRS 5113) & Eric ROUGIER (GREThA UMR CNRS 5113), 2008. "Recent exports matter: export discoveries, FDI and Growth, an empirical assessment for MENA countries," Cahiers du GREThA 2008-22, Groupe de Recherche en Economie Théorique et Appliquée. [Downloadable!]
   Other versions:
   • Dalila NICET- CHENAF (GREThA-GRES) & Eric ROUGIER (GREThA-GRES), 2008. "Recent exports matter: export discoveries, FDI and Growth, an empirical assessment for MENA countries," Cahiers du GRES 2008-17, Groupement de Recherches Economiques et Sociales. [Downloadable!]
3. Iván Martín, 2004. "La inversión extranjera directa en los países del Maghreb en el marco de la Asociación Euromediterránea: ¿el eslabón perdido?," International Trade 0405001, EconWPA. [Downloadable!]
4. Heather D. Gibson & Nicholas T. Tsaveas & Thomas Vlassopoulos, 2006. "Capital Flows, Capital Account Liberalisation and the Mediterranean Countries," Working Papers 33, Bank of Greece. [Downloadable!]

Did you know? Use the JEL tree to browse through the database by subfields.

This page was last updated on 2009-11-19.