Economic achievements and benefits

Article Abstract:

The Arab Maghreb Union has had limited success implementing plans laid out in Mar 1991 to create a common market by 2000, followed by a monetary union. Tunisia, Morocco, Mauritania, Libya, and Algeria have ratified five multilateral eceonomic agreements since 1990, and their central banks have agreed on a mechanism facilitating interbank payments. Various joint projects are under way, primarily in the energy sector. Telecommunications and transport among the five have improved, and regional trade has increased.

Tunisia, Algeria, Powers and duties, Morocco, Libya, Mauritania

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Strategy of integration, future challenges

Article Abstract:

The Arab Maghreb Union has made slow progress in economic integration and realizes that it faces several challenges in the future. These challenges include the need to harmonize economic policies, the need for a way of transferring resources to areas suffering a negative impact from trade liberalization in the region and the need to give more momentum to economic integration and to do so in ways that do not disturb the market. Regional organizations need to realize the importance of free trade for growth.

Economic aspects, international

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Public policy and private initiative in the Middle East/North Africa: profound changes in the making

Article Abstract:

Globalization is yielding aggressive pressures that are altering the roles of the public and private sectors wordlwide, especially in the Middle East and Africa. Unlike in the past, the private and public sector have now partnered to fight the other state and private sector partnerships in other nations. As a result, the region's economies are gradually opening and blending into the global market.

Administration of General Economic Programs, Intnl Economic Policy, International aspects, Economic policy, Middle East, Private sector, Public sector, Northern Africa

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