BRICS vs MENA: Mapping out Threats and Opportunities

ورقة مؤتمر

2014

تم النشر فى: http://www.erf.org.eg/cms.php?id=home_page

KSA, Alaya Marouane, Imam University, KSA Mezghani Imed, Imam University, KSA Zouaoui Azzouz, King Saud University, . 2014

Thanks to their demographic and economic potential, the BRICs countries (Brazil, Russia, India, China and South Africa) are now ranked among the world’s largest and most influential economies in the 21st century. Together, the four BRICs countries account for more than 25 percent of global GDP and comprise more than 2.9 billion people (40% of the world’s population). BRICs are already major players in the world economy and their role is only likely to increase over time1 (IMF, 2011). Certainly, the emergence of BRICs is reshaping worldwide international economic relations. The rising economic and political power of BRIC countries cannot be neglected or ignored. Without doubt, it is difficult to believe that this growing power will have no effect on developing countries specially those belonging to the MENA region. Positive and negatives effects could be significant in both sides. How BRICS’s emergence is affecting MENA economies is the purpose of this paper. Given the important potential of the BRICs countries and their worldwide influence, it is expected that economic ties between MENA region and this group should be significant. Unfortunately we only have little understanding of this issue. These are the questions motivating the analysis in this work. Specially, we will focus on Trade and FDI as the main spillover channels through which MENA region interact with the BRICs group. How has the emergence of BRICs impacted MENAs’ trade and FDI flows through is the purpose of this study.

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• نوع عمل المنشور: ورقة عمل
• اسم المؤتمر: ECONOMIC RESEARCH FORUM CAIRO 2014