Assessment of The Macroeconomic Situation in North African Countries and Their Role in The System of World Economic Relations

Anna Agapova, N Budarina, R Shafiev, I. Tataeva and A. Kuskov

MPRA Paper from University Library of Munich, Germany

Abstract: In this article, based on the analysis of the macroeconomic situation of the North African countries, their role in the system of world economic relations is determined. It is proved that despite a certain similarity of the economic model of development of the countries of North Africa, based on the use of raw materials, the impact of external shocks causes different reactions and consequences that are incomparable in scale. It has been determined that the political and economic instability of the North African countries is reflected, among other things, in the ratings of socio-economic development published by international organizations and leading expert and analytical centers. It was revealed that the progress that was achieved by the countries of the region in previous years is largely leveled by factors of a political and religious nature, as well as a strong dependence on world markets for raw materials, which in modern conditions adds certain difficulties to these countries in the world economy.

Keywords: North African countries; economic development; unemployment rate; export and import of goods; global competitiveness index; globalization index; doing business index; economic freedom index; global innovation index. (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
Date: 2021-03-05, Revised 2021-05-18
New Economics Papers: this item is included in nep-afr, nep-ara and nep-int
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Published in Innovation Management and information Technology impact on Global Economy in the Era of Pandemic Proceedings of the 37th International Business Information Management Association Conference (IBIMA) 30-31 May 2021, Cordoba, Spain (2021): pp. 5454-5459

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