In this Policy Contribution, the authors provide an economic assessment of the trade agreements between the EU and North Africa. They argue that the common view of the agreements is overly negative, and point to policy conclusions that could increase regional integration. […]
Second, large investment in human capital has played a role. Morocco’s labor force remains low-skilled in comparison with other MENA countries and countries of similar per capita income […]
Dealing with the challenge of interdependence between the EU and the Arab World will not, on its own, solve the two regions’ growth dilemmas—but it will help. […]
Forced migration flows which are mismanaged create large negative political and economic externalities for the world as a whole. […]
Several years after the crisis, economic recovery is still fragile, especially in Europe. The expectations of growth are decreasing and take-off is struggling from feeble demand from developed countrie […]
This is the era of hyper-globalization and rapid growth. Consumers search on line for the best-priced merchandise from all over the world, and trade has surged from 25% to 60% of world GDP over the last 50 years. […]
The MENA region is vital for Europe economically as a source of energy and as a large and historically rapidly growing market. Politically, however, it is a source of unwanted migration, conflicts, and geopolitical instability. […]
Economic integration is crucial in order to achieve rapid and sustainable growth. However, instabilities in the Middle East and North Africa and the recent plunge in oil prices may stifle economic progress. […]
The plunge in oil prices will only stimulate global and national aggregate demand if it is passed through to consumers. […]
The steady decline of global oil prices since June 2014 is shifting economic, political, and strategic calculations of key Middle East actors, and adding a new element of uncertainty at a time of increased regional conflict and polarization. […]
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