The Potential of Regional Integration Agreements (RIAs) in Enhancing the Credibility of Reform: The Case of the Syrian-European Association Agreement
The effect of ‘locking-in’ economic reform and enhancing its credibility is generally regarded as one of the most important potential effects of regional integration. Based on a detailed review of the theoretical debate, this paper develops a general framework for assessment to evaluate the ability of RIAs to serve as effective mechanisms for ‘commitment’ and ‘signalling’. In the second part, this assessment framework is applied to the case of the Syrian-European Association Agreement (AA). Syria initialled an AA with the European Union in October 2004, but two and a half years later, this agreement is still pending formal signature. The empirical findings of this study show that despite several shortcomings, the Syrian-European AA, if it were to come into force, should be able to deliver an appropriate mechanism for signalling and commitment and thus to improve the credibility of the Syrian process of reform at home and abroad. A major loophole of the agreement, however, is represented by its lack of incentives to increase the ‘rewards for good policy’.
|Date of creation:||May 2007|
|Date of revision:|
|Contact details of provider:|| Postal: Neuer Jungfernstieg 21, D-20354 Hamburg|
Phone: +49 (0)40 42825-593
Fax: +49 (0)40 42825-547
Web page: http://www.giga-hamburg.de/workingpapers
More information through EDIRC
|Order Information:|| Email: |
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.:
- Alfred Tovias & Mehmet Ugur, 2004. "Can the EU Anchor Policy Reform in Third Countries?," European Union Politics, SAGE Publishing, vol. 5(4), pages 395-418, December.
- Robert Z. Lawrence & Ahmed Galal, 2005.
"Anchoring Reform with a US-Egypt Free Trade Agreement,"
Peterson Institute Press: All Books,
Peterson Institute for International Economics, number pa74, January.
- Robert Z. Lawrence & Ahmed Galal, 2005. "Anchoring Reform with a US-Egypt Free Trade Agreement," Peterson Institute Press: Policy Analyses in International Economics, Peterson Institute for International Economics, number pa74.
- International Monetary Fund, 2006. "Syrian Arab Republic; Selected Issues," IMF Staff Country Reports 06/295, International Monetary Fund.
- Henri C. GhesquiÃ¨re, 1998. "Impact of European Union Assocation Agreements on Mediterranean Countries," IMF Working Papers 98/116, International Monetary Fund.
- Dani Rodrik, 1989. "Credibility of Trade Reform — a Policy Maker's Guide," The World Economy, Wiley Blackwell, vol. 12(1), pages 1-16, 03.
- Schiff, Maurice & Winters, L Alan, 1998.
"Regional Integration as Diplomacy,"
World Bank Economic Review,
World Bank Group, vol. 12(2), pages 271-95, May.
- Fernandez, Raquel & Portes, Jonathan, 1998. "Returns to Regionalism: An Analysis of Nontraditional Gains from Regional Trade Agreements," World Bank Economic Review, World Bank Group, vol. 12(2), pages 197-220, May.
- Maurice Schiff & L. Alan Winters, 2003. "Regional Integration and Development," World Bank Publications, The World Bank, number 15172, June.
- Giandomenico Majone, 2001. "Nonmajoritarian Institutions and the Limits of Democratic Governance: A Political Transaction-Cost Approach," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 157(1), pages 57-, March.
When requesting a correction, please mention this item's handle: RePEc:gig:wpaper:51. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bert Hoffmann)
If references are entirely missing, you can add them using this form.