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Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.

Exports and Imports --- Trade: General --- Financial Aspects of Economic Integration --- Neoclassical Models of Trade --- Trade Policy --- International Trade Organizations --- International economics --- Exports --- Regional integration --- Comparative advantage --- Trade integration --- Trade policy --- International economic integration --- International trade --- Commercial policy --- Morocco

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This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers’ ability to grapple with an incomplete and uneven recovery will be constrained by high public debt and uncertain inflation prospects as well as external risks surrounding capital flows and exchange rate developments. The paper also discusses potential impact of a tightening in global financial conditions and appreciation of the US dollar that could be triggered by a general increase in risk aversion or a reassessment of the likely path of US monetary policy.

China, People's Republic of --- Macroeconomics --- Economics: General --- Finance: General --- Inflation --- Diseases: Contagious --- Foreign Exchange --- Public Finance --- Global Outlook --- Monetary Policy --- Central Banks and Their Policies --- General Financial Markets: General (includes Measurement and Data) --- Price Level --- Deflation --- Health Behavior --- Debt --- Debt Management --- Sovereign Debt --- Economic & financial crises & disasters --- Economics of specific sectors --- Finance --- Infectious & contagious diseases --- Currency --- Foreign exchange --- Public finance & taxation --- Emerging and frontier financial markets --- Financial markets --- Prices --- COVID-19 --- Health --- Exchange rates --- Public debt --- Currency crises --- Informal sector --- Economics --- Financial services industry --- Communicable diseases --- Debts, Public --- Covid-19

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• Reference Manager
• EndNote
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Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.

Agriculture --- Airports --- Alternative Energy --- Business Environment --- Capacity Building --- Capital Flows --- Central Banks --- Climate Change --- Consumers --- Equity Markets --- Financial Crisis --- Foreign Banks --- Foreign Direct Investment --- Foreign Ownership --- Fuels --- Gdp --- Global Economy --- Gross Domestic Product --- Investment Climate --- Labor Market --- Law and Development --- Legal Framework --- Liberalization --- Living Standards --- Maritime Transport --- Market Economy --- Mobility --- Monopolies --- Natural Resources --- Open Markets --- Private Investment --- Privatization --- Regulators --- Renewable Energy --- Roads --- Sanitation --- Securities --- Social Development --- Telecommunications --- Trade Agreements --- Trade Barriers --- Trade Law --- Trade Liberalization --- Trade Policy --- Transparency --- Transport Costs --- Unemployment --- Unskilled Workers --- World Development Indicators --- World Trade Organization --- Exports and Imports --- Trade: General --- Financial Aspects of Economic Integration --- Neoclassical Models of Trade --- International Trade Organizations --- International economics --- Exports --- Regional integration --- Comparative advantage --- Trade integration --- Trade policy --- International trade --- Economic integration --- International economic integration --- Commercial policy --- Morocco