Arab economic integration Research Paper example
High school
Research Paper
Macro & Microeconomics
Pages 16 (4016 words)
Download 0
This paper talks about the initiation and the current state of the Arab economic integration, focusing more specifically on the Gulf Cooperation Council countries-participants. The market environment in the countries and the strategies that the respective governments have put in place are analyzed…

Introduction

This paper mainly focuses on initiation of the Arab economic integration, more specifically on the countries, which are active members of the Gulf Cooperation Council. It provides a clear description of the market environment in these countries and the strategies that the governments of the respective member states have put into place to enhance the efforts of integration. The paper further focuses on both the major challenges that limit the implementation process and the possible approaches that can be adopted, so as to achieve optimum economic integration among the GCC member states.
Regional economic integration among the Arab countries especially for the GCC countries has been a notable phenomenon. Efforts of regional economic integration in these countries started earlier than any other developing region in the world at around 1950s, The Arab states resolved on adopting numerous regional economic agreements that aimed at lifting up trade barriers mainly on preferential basis. These initiatives of economic integration had a significant economic impact on these integrated countries.
The studies and analysis of this Arab integration indicated that the slow accomplishment and realization of the integration is due to the low intra-regional trade of goods among the member states.
The key challenge in the pursuance of the economic integration by Arab countries is the efforts to establish a common market or a custom union. This has not been made possible due to its implementation nature where it requires agreement and harmonization of policies and regulations between the states. There is a need to establish institutional mechanisms, that will promote regional economic integration, in these counries.
...
Download paper
Not exactly what you need?

Related papers

BUSINESS ECONOMIC ENVIRONMENT LBSEC2051
Similarly, a fall in the price of a particular item shows a rise in the demand for that item. On a graph, a fall in price will show an inward shift of demand curve and a rise in the prices will show an outward shift of the demand curve. The diagram below shows a fall in demand due to a price rise. Figure 2 Shift in Demand – This happens when the demand of a particular item rises or falls due to…
6 pages (1506 words)
Economic Analysis Project
The overall national income of United States of America is being decreased. Highest concern has been raised about the job or labor market of the country. There are number of people who are looking for suitable jobs and are not able to find one. On the other hand the average take home wages have been decreasing considerably (Pear, 2011). This all results in further increasing the issues and…
5 pages (1255 words)
Economic Impacts on Event Management
Damster & et. al. (2006: 11) observed, “Events can be described as transient, and every event is a unique blending of its duration, setting, management and people”. Events can be of various types on the basis of the invested amount as well as on the basis of its purpose. However, the management process in organising any event is almost similar taking into account a broad process of analysing,…
8 pages (2008 words)
Olay in the United Arab Emirates
They successfully entered the international markets but later sold their company to Richard Merell Inc who expanded the skin care products (Patrick, 2012). With increased marketing and advertising, the company drastically increased their sales volume. Procter & Gamble bought the company in 1985 and diversified a range of skin care products line up (Patrick, 2012). They unified the brand name to…
5 pages (1255 words)
Lifebuoy in the United Arab Emirates
The Unilever started in Saudi Arabia by appointing Binzagar family as official representative. In 1992, the company decided to open its first office in Dubai followed by a joint venture in Egypt. It was operated in three clusters. In 2007 all the three were combined and became Unilever North Africa and Middle East to consolidate its operations, leverage synergies of scale and cost arbitrage. It is…
5 pages (1255 words)
local economic development project
Benefits of Sustainable Economic Development Implementing such strategies has numerous benefits; like innovative use of all possible resources lead to jobs increase, new income sources, and high rate of productivity for the people; for the ecology the benefits result from the promotion of use of clean and renewable energy; the economy benefits from all the above leading to growth in economy, which…
8 pages (2008 words)
Global Economic Environment and Marketing
This has lowered the cost of production for the company which in turn has provided them cost leadership. This also allows the company to maintain its environmental standards (The Times Newspaper, 2009). The key economic factors are: Firstly, the use of renewable raw materials and smarter use of them along with a dedicated relationship with suppliers have contributed to the company’s performance.…
10 pages (2510 words)