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Regional and Global Integration

In: The Middle East Economies in Times of Transition

Author

Listed:
  • Ishac Diwan
  • El Mouhoub Mouhoud

Abstract

In the past 50 years, the MENA region has been integrated to the world economy through two main channels: the sale of oil, and labor migration. Labor migration, in retrospect, acted as the main way to redistribute oil revenues from the oil exporting to the importing countries, especially those in the Mashrek region, greatly benefitting millions of households. The migration of mostly unskilled workers from the Maghreb to Europe, during its period of fast growth, played a similar role. But migration will almost certainly never again boom as it did in the past.

Suggested Citation

  • Ishac Diwan & El Mouhoub Mouhoud, 2016. "Regional and Global Integration," International Economic Association Series, in: Ishac Diwan & Ahmed Galal (ed.), The Middle East Economies in Times of Transition, chapter 3, pages 99-128, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-137-52977-0_4
    DOI: 10.1007/978-1-137-52977-0_4
    as

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