While intermediates comprise the majority of total goods trade in the European Union (EU), their share of total trade has remained flat since 1996. This implies that EU enlargement has had a limited effect on the size of Factory Europe. However, enlargement coincides with an increase in Factory...

This paper characterizes the trade performance of the Middle East and North Africa (MENA) over the past 15 years. Cross-section results show that MENA's exports to the outside world were only one third of their potential in recent years, after controlling for the standard determinants of trade....