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The World Trade Organization, the European Union, and the Arab World: Trade Policy Priorities and Pitfalls

In: Prospects for Middle Eastern and North African Economies

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  • Bernard Hoekman

Abstract

The long–term economic potential of the Middle East and North Africa has improved significantly in recent years as the peace process expands opportunities for investment and intraregional trade and cooperation. 2 The challenge facing many governments in the region is to adopt policies that will allow this potential to be realized by fostering private sector development and encouraging export–led growth. Many countries in the region are trying to reduce the state’s role in the economy and shift away from import substitution and industrial protection strategies. Although some progress has been made, the pace of trade policy reform has varied substantially across countries, and many economies retain an anti–export bias. The gradual and tentative nature of reform has also created credibility

Suggested Citation

  • Bernard Hoekman, 1998. "The World Trade Organization, the European Union, and the Arab World: Trade Policy Priorities and Pitfalls," Palgrave Macmillan Books, in: Nemat Shafik (ed.), Prospects for Middle Eastern and North African Economies, chapter 4, pages 96-129, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26137-6_4
    DOI: 10.1007/978-1-349-26137-6_4
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    1. Hoekman, Bernard, 1995. "Tentative First Steps: An Assessment of the Uruguay Round Agreement on Services," CEPR Discussion Papers 1150, C.E.P.R. Discussion Papers.
    2. Glenn W. Harrison & Thomas F. Rutherford & David G. Tarr, 2017. "Quantifying The Uruguay Round," World Scientific Book Chapters, in: Trade Policies for Development and Transition, chapter 16, pages 363-388, World Scientific Publishing Co. Pte. Ltd..
    3. Rutherford, Thomas F. & Rutstrom, E.E. & Tarr, David, 1993. "Morocco's free trade agreement with the European community : a quantitative assessment," Policy Research Working Paper Series 1173, The World Bank.
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    Cited by:

    1. Lofgren, Hans & El-Said, Moataz & Robinson, Sherman, 1999. "Trade liberalization and complementary domestic policies: a rural-urban general equilibrium analysis of Morocco," TMD discussion papers 41, International Food Policy Research Institute (IFPRI).
    2. Hassan Hakimian, 1998. "From East to West Asia: Lessons of Globalization, Crisis and Economic Reform," Working Papers 82, Department of Economics, SOAS University of London, UK, revised 2000.

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