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Directions of Economic Integration in the Arab East

Raluca Ioana Oprea ()
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Raluca Ioana Oprea: “Lucian Blaga†University of Sibiu

Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 1, 110-114

Abstract: Economic integration is one of the most important premises of globalization. The purpose of this paper is to analyze the effects that economic integration can generate in the Arab East, but also to investigate the current state of integration in the region. The benefits that a state can benefit by strengthening its position in the field of economic integration, either through preferential trade agreements or through foreign direct investment or labor migration, are obvious. The Arab East can thus attract a more sustained economic growth process for the less developed countries, either through intra-regional cooperation, through contact with the Arab states that are members of the Gulf Cooperation Council or through trade links developed with Europe, United States or the rest of the world. Also, regional development in the Arab world can benefit developed countries, either by developing successful partnerships with other global regions, or by delivering large-scale projects of particular regional importance, such as infrastructure or telecommunication.

Keywords: economic integration; Arab East; Arab world; Arab integration; globalization (search for similar items in EconPapers)
JEL-codes: F02 F2 F15 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:110-114