The Middle East, North Africa, Central Asia and the Caucasus represent a wide variety of disparate cultures and economies, such as the oil-rich kingdom of Saudi Arabia, the popular tourist destination of Morocco and the post-Soviet industrial powerhouse of Kazakhstan. International Monetary Fund economists Alberto Behar and Jaime Espinosa-Bowen do a good job of teasing out the trade interrelations of a broad collection of countries with the even broader global economy. getAbstract recommends this cogent and nuanced economic analysis to investors, executives and experts who follow the region.
In this summary, you will learn
- Why slowdowns, slumps and shocks in European and BRICS economies would have an outsize impact on trade from the Middle East, North Africa, Central Asia and the Caucasus; and
- How political tensions and regional conflicts compound the negative effects of global economic weakness on export growth.
About the Authors
Alberto Behar and Jaime Espinosa-Bowen are economists at the International Monetary Fund.