المستخلص: |
Recent literature has emphasized the contribution of infrastructure investment to regional integration, trade, and access to markets under globalization. The economic integration of the Arab countries should be based on an integrated infrastructure and networks; the infrastructure in the region is typically managed by State Owned Enterprises, resulting in high cost and low quality services. In moving towards Regional Economic Integration (REI), the Arab countries will have to bridge the existing 'corporate governance gap and develop competition policy. Developing an effective public-private partnership (PPP), will lead to the expected improvement in efficiency and to a private sector resumption of economic growth. The study tries to test the impact of infrastructure investment measured by the (size of investment in PPP) on trade integration in the region, as regional integration to expand markets requires infrastructure. The study will conclude that the process of Arab Economic Integration (AEI) should be a public - private partnership program leading to a pan-Arab integrated network of transport, communications, energy, and tel-ecommunications.
|