This paper evaluates Black Sea Economic Cooperation (BSEC) from the perspective of globalization efforts in the Middle East and the Balkans, the regions that future expansion scenarios are most likely to cover. For this purpose, the paper investigates the economic rationale behind the desire to...

The European Union has recently launched the overall enlargement process with the ten Central and East European countries (CEEC) and with Cyprus. Bilateral intergovernmental conferences will soon be convened to begin negotiations with Hungary, Poland, Estonia, the Czech Republic, Slovenia, and...

A review of recent studies that attempt to estimate the potential gain from the Arab region integration in the World economy indicates initial losses of significant gains. The paper reviews development in the Arab region, examines relevant recent experience from SE Asia, and attempts to outline...

Monetary integration could have immense implications for both Palestine and Jordan. Two of what are regarded as prerogative functions of an independent state (monetary policy and control over the exchange rate) must be surrendered to a central monetary authority of the union. This will require...

This paper looks at the implications of the Euro-Mediterranean partnership agreement on labor and wages in Egypt, using a dynamic CGE model, which takes into account the labor market segmentation. Our results suggest that trade liberalization bears the risk of promoting the use of...