Deardorff (1994) provides a condition that is necessary for factor price equalization across countries. That condition is a generalization of "country endowments contained in the diversification cone" from the standard 2x2x2 Hecksher-Ohlin model to the case of many goods, countries and factors....

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 addresses the variety of static and dynamic impacts that the Euro-Med Agreements (EMA) may have on the MENA economies. It first considers options for trade and domestic policy reforms, including the context in which policies are designed and implemented and the range of policy options...