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Title Page
ABSTRACT
Contents
Preface 10
Chapter One: Economic Integration Between Theory and Practice 11
1.1. Forms (Stages) of Economic Integration 12
(a) Free Trade Area (FTAs) 12
(b) Customs Union (CU) 13
(c) Common Market (CM) 14
(d) Economic Union 15
1.2. Past versus Current Global Economic Integration 16
1.3. Regional Trade Agreements' Trends and Characteristics 21
1.4. Regionalism versus Multilateralism, Incentives and Motivations 27
1.4.1. Traditional Trade Gains 27
1.4.2. Strengthening Domestic Policy Reform 28
1.4.3. Increased Multilateral Bargaining Power 28
1.4.4. Guarantees of Access 29
1.5. Is Regionalism a "Stumbling Block" or a "Stepping Stone" to Multilateralism? 30
Chapter Two: Regionalism and (MENA)'s Economic Integration 32
2.1. Main Characteristics 33
2.1.1. Background (Overview) 34
2.1.2. Basic Economic and Development Indicators 34
2.2. Regionalism in the (MENA) Region 36
2.2.1. Regional Economic Integration (Origin and Evolution) 36
2.2.2. Sub-Regional Economic Integration 38
2.3. Recent Developments at the Regional level 42
2.3.1. The Greater Arab Free Trade Area (GAFTA) 43
2.3.2. The Agadir Agreement 47
2.4. Regionalism Implications: Opportunities and Challenges 49
Chapter Three: Concluding Remarks 61
3.1. Main Findings 61
3.2. The Way Ahead 67
Bibliography 74
(Table no. 1) Intra (GAFTA) Trade (Trade Balance-2005) 47
(Table no. 2) (MENA) Labor Mobility Integration 51
(Table no. 3) (MENA)'s Level of Trade with Partners in Regional & Sub-regional Agreements 53
(Table no. 4) Bilateral Trade Complementarity in (MENA), 2006 55
(Figure no. 1) Volume of World Merchandise exports & Gross Domestic Product, 2000-2007 18
(Figure no. 2) Intra-and Extra Regional Merchandise exports, 2007 19
(Figure no. 3) Total Commercial Services Trade, 2007 20
(Figure no. 4) Growth in the number of regional trade agreements, 1958-2007 24
(Figure no. 5) (GAFTA) Members 43
(Figure no. 6) Intra (GAFTA) Exports versus World Exports (1993-2005) 45
(Figure no. 7) Intra and Extra (GAFTA) Exports (1993-2005) 46
(Figure no. 8) (MENA)’s share in world trade, FDI, and remittances paid & received 50
(Figure no. 9) MENA's Spaghetti Bowl-Network of Regional Agreements 52
(Figure no. 10) Ranges of (MFN) Duties Across (MENA) Region 57
(Figure no. 11) Nontariff measures in MENA countries 58
(Figure no. 12) Exports of Services for selected (MENA) Countries 60
(Figure no. 13) MENA countries’ net services trade position, 2006 60
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