Regional integration: moving the Middle East into the global economy

Article Abstract:

The regional integration in the Middle East is weak because the region's participation in the world economy is equally weak. Although some economic analysts view regionalization and globalization as opposing processes, one may actually pave the way for the other. Analyses of the processes that other regions went through to achieve regional integration can help the Middle East attain its goal. Analyses would also reveal that regional integration is enhanced through integration into the world economy.

Administration of General Economic Programs, Intnl Economic Policy, Economic & Political Union, Evaluation, International trade, Middle East, International economic relations

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Report on a fact-finding mission to Iraq: how the MOU will work

Article Abstract:

The provisions stated in the Memorandum of Understanding (MOU) between the United Nations and Iraq include allowing the country to export a limited amount of oil. The revenue will be used to purchase civilian needs such as medicine and foodstuff. The MOU has also been perceived as a move toward the gradual lifting of the UN embargo on Iraq. Foreign companies may now reestablish relations with their Iraqi counterparts, but contracts should be within the MOU agreement.

International obligations

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Economic war against Iraq

Article Abstract:

Enforcing the United Nations Resolutions 661, 674, 686, 687, and 699 against Iraq, which resulted from the invasion of Kuwait, has required the identification of Iraqi firms and specially designated nationals (SDNs). The Department of the Treasury's Office of Foreign Assets Control (OFAC) has been instrumental in preventing trade to Iraq by companies or SDNs. OFAC has the authority to block the finances of firms or individuals identified as SDNs.

Economic aspects, Powers and duties, Embargoes, United States. Department of the Treasury. Office of Foreign Assets Control

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