| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1191 |
| DP1191 International Business Cycles and the ERM: Is there a European Business Cycle? | |
| Michael Artis; Wenda Zhang | |
| 发表日期 | 1995-08-31 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | A basic tenet of economic reform efforts in much of the Middle East and North Africa region has been gradualism. Partial and slow reform has led to a lack of credibility, limiting private sector supply response. The creation of the World Trade Organization, and the offer from the EU to establish a Euro-Meditteranean Economic Area provide possible institutional frameworks that can greatly enhance the credibility of a gradual reform strategy. Neither option is a panacea, however, and much depends on the willingness of governments to exploit opportunities that are embodied in these institutional options. Both avenues should be pursued simultaneously in order to limit the potential negative trade diversion effects of a preferential agreement with the EU. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Regional integration Trade liberalization Trade policy |
| URL | https://cepr.org/publications/dp1191 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530356 |
| 推荐引用方式 GB/T 7714 | Michael Artis,Wenda Zhang. DP1191 International Business Cycles and the ERM: Is there a European Business Cycle?. 1995. |
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