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Ten Years after: Achievements and Challenges of the Euro-Mediterranean Economic and Financial Partnership

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  • Brach, Juliane

Abstract

EU and twelve countries of the Middle East and North Africa (MENA) engaged in 1995 in the Euro-Mediterranean Partnership (EMP) in political, economic and cultural matters with the aim to foster cooperation, stability, and prosperity around the Mediterranean Basin. The Economic and Financial Partnership (EFP) plays a central role in the EMP design and implementation, which is centered on economic and trade integration as a starting point for and an anchor of socioeconomic development in the MENA region. Against this background, this paper reviews the situation in the MENA partner countries and the past performance of the EFP. It analyzes the association agreements, economic cooperation and financial assistance, discusses the major obstacles, and outlines the potential of the EFP to shape the European Neighborhood Policy.

Suggested Citation

  • Brach, Juliane, 2006. "Ten Years after: Achievements and Challenges of the Euro-Mediterranean Economic and Financial Partnership," GIGA Working Papers 36, GIGA German Institute of Global and Area Studies.
    • Handle: RePEc:zbw:gigawp:36
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    References listed on IDEAS

    as
    1. World Bank, 2006. "World Development Indicators 2006," World Bank Publications - Books, The World Bank Group, number 8151, December.
    2. von Soest, Christian, 2006. "Measuring the Capability to Raise Revenue: Process and Output Dimensions and Their Application to the Zambia Revenue Authority," GIGA Working Papers 35, GIGA German Institute of Global and Area Studies.
    3. Mr. Henri C. Ghesquière, 1998. "Impact of European Union Assocation Agreements on Mediterranean Countries," IMF Working Papers 1998/116, International Monetary Fund.
    4. Alfred Tovias & Mehmet Ugur, 2004. "Can the EU Anchor Policy Reform in Third Countries?," European Union Politics, , vol. 5(4), pages 395-418, December.
    5. Vivek Arora & Athanasios Vamvakidis, 2005. "How Much Do Trading Partners Matter for Economic Growth?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 24-40, April.
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    Cited by:

    1. Ufen, Andreas, 2006. "Political Parties in Post-Suharto Indonesia: Between politik aliran and 'Philippinisation'," GIGA Working Papers 37, GIGA German Institute of Global and Area Studies.
    2. Peeters, Marga & Sabri, Nidal Rachid, 2012. "International financial integration of Mediterranean economies : A bird’s-eye view," MPRA Paper 38081, University Library of Munich, Germany.
    3. Tullio D�Aponte, 2014. "A geopolitical overview on the Mediterranean Sea: the approach of the euro-med policy towards the countries of the southern front (from Morocco to Egypt)," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 68(2), pages 77-98, April-Jun.
    4. Hebel, Jutta & Schucher, Günter, 2006. "The Emergence of a New 'Socialist' Market Labour Regime in China," GIGA Working Papers 39, GIGA German Institute of Global and Area Studies.

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    More about this item

    Keywords

    EU; Euro-Mediterranean partnership; Barcelona process; MENA; economic integration; socioeconomic development;
    All these keywords.

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • F15 - International Economics - - Trade - - - Economic Integration
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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