Regional and Global Integration

Ishac Diwan () and El Mouhoub Mouhoud

Chapter 3 in The Middle East Economies in Times of Transition, 2016, pp 99-128 from Palgrave Macmillan

Abstract: 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.

Keywords: Foreign Direct Investment; Saudi Arabia; Trade Liberalization; Labor Migration; Arab Country (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-1-137-52977-0_4

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