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Regional and Global Integration

Mouhoud, El Mouhoub; Diwan, Ishac (2016), Regional and Global Integration, in Galal, Ahmed; Diwan, Ishac, The Middle East Economies in Times of Transition, Palgrave : Basingstoke, p. 99-128

Type
Chapitre d'ouvrage
Date
2016
Book title
The Middle East Economies in Times of Transition
Book author
Galal, Ahmed; Diwan, Ishac
Publisher
Palgrave
Published in
Basingstoke
ISBN
978-1-13-752976-3
Number of pages
359
Pages
99-128
Metadata
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Author(s)
Mouhoud, El Mouhoub
Laboratoire d'Economie de Dauphine [LEDa]
Diwan, Ishac
Abstract (EN)
In the past 50 years, the MENA region has been integrated to the world economy through two main channels: the sale of oil, and labor migration. Labor migration, in retrospect, acted as the main way to redistribute oil revenues from the oil exporting to the importing countries, especially those in the Mashrek region, greatly benefitting millions of households. The migration of mostly unskilled workers from the Maghreb to Europe, during its period of fast growth, played a similar role. But migration will almost certainly never again boom as it did in the past.
Subjects / Keywords
Foreign; Direct Investment; Saudi Arabia; Trade Liberalization; Labor Migration; Arab Country
JEL
O53 - Asia including Middle East
O15 - Human Resources; Human Development; Income Distribution; Migration