Does Mediterranean define an economic region?

Mediterranean was, Mediterranean is and Mediterranean will be. With its undeniably rich history, colorful geography and wide spectrum of humanity, Mediterranean is an important entity. Nevertheless, a long and rich background may not always yield a stable and secure future. In the absence of a correct perception of what is happening, the region might drift toward undesirable directions. This study argues that this is not a small probability for the Mediterranean as an economic region. Certain demographic and economic patterns of the region point at the observation that Mediterranean is losing part of its momentum. The study, which is indeed fairly eclectic, elaborates the dimensions of this observation and reveals some policy directions.