Introduction

This sixth edition of the Annual Review addresses comprehensively the significant developments in globalization and regional integration in the Arab countries. It covers the progress made by Arab countries in integrating their economies into the world economy as well as their efforts in Arab regional integration. Globalization is reviewed by drawing a comparison between 2006 and earlier years based on a set of significant indicators such as the Arab countries' share of the world economy, particularly their share of international trade, FDI, production and export of oil and gas, as well as tourism. However, the progress made in Arab regional integration is reviewed through an analysis of a set of sectors that play an important role in regional integration such as trade, investment, tourism, labour remittances and official development assistance (ODA) on the Arab intraregional level.

Related Subject(s): Economic and Social Development