Template-Type: ReDIF-Article 1.0
Author-Name: Wai Mun Hong
Author-Workplace-Name: Facultad de Ciencias, Económicas y Empresariales. Universidad Autónoma de Madrid.
Author-Name: Alejandro V. Lorca
Author-Workplace-Name: Facultad de Ciencias, Económicas y Empresariales. Universidad Autónoma de Madrid.
Author-Name: Eva Medina
Author-Workplace-Name: Facultad de Ciencias, Económicas y Empresariales. Universidad Autónoma de Madrid.
Title: Southern Mediterranean development through trade, Foreign Direct Investment and migration
Abstract: Since the launch of the Barcelona Process in 1995 and later the Euro-Mediterranean Partnership, economic relationship between the 
	European Union (EU) and Southern Mediterranean has grown tremendously. Trade volume, in terms of absolute value, between the EU and 
	Southern Mediterranean has grown to an unprecedented height. Although the value has increased, foreign direct investment (FDI) from the 
	EU to Southern Mediterranean remains low. South-to-North migration has also undoubtedly increased given the fact that it has become one 
	of the priority concerns of the EU. Development has taken place through these economic exchanges. However, economic development growth 
	rate remains considerably low compared to that of Latin America and Southeast Asia. This paper discusses about the economic development 
	dynamic of Southern Mediterranean in comparison with that of Latin America and Southeast Asia through economic indicators, economic 
	openness and trade, FDI and migration flows and structures. It also discusses about the challenges faced by Southern Mediterranean and 
	how the economic crisis in the EU may affect their economic relationship.
Classification-JEL: F02, F13, F14, F21, F22, F24, F59.
Keywords: Trade, Foreign direct investment, Migration, Southern Mediterranean, Economic openness, Economic development.
Journal: Papeles de Europa
Pages: 03-18
Volume: 21
Year: 2010
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/padeur10-21(03-18).txt
File-URL: https://eprints.ucm.es/id/eprint/62827/1/2010-21(3-18).pdf
File-Format: Application/pdf
Handle: RePEc:ucm:padeur:v:21:y:2010:p:03-18