Middle East

Article Abstract:

Deregulation and liberalization are likely to be boosted in Israel following the electoral victory of the Likud in 1996. Regional economic growth could be affected by the impact of the elections on the peace process in the Middle East. Regional governments in the Gulf have been aided by higher prices for gas and oil. A drop in prices could follow the return of Iraq to the international petroleum market, and this could lead to reduced financial support for governments with greater risk of internal political problems.

Petroleum industry, Elections

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Middle East

Article Abstract:

Problems in securing peace agreements in the Middle East are likely to affect the economic growth of the region. The fourth economic conference of the Middle East and North Africa may not be held as scheduled in Nov 1997 due to reluctance of some participants to be seen to support Israeli economic integration. Meanwhile, Jordan is carrying out economic liberalization measures affecting areas such as privatization, exchange controls and foreign investment in stocks.

Economic policy, Economic forecasting, Jordan, Peace treaties

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Africa

Article Abstract:

Free trade is being discussed in Africa south of the Sahara, and relations with South Africa are important for countries in COMESA, of which South Africa is not a member. Meanwhile, elections have been held in South Africa and the new government plans to tackle crime which should help to encourage tourism and foreign investment. Meanwhile, better diplomatic relations for Libya, which has petroleum reserves, should help economic growth in the region.

Africa, Economic indicators

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