| Publication |
2009.
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| Summary/Abstract |
Twenty years on from the Arab Maghreb Union (UMA)'s creation, the European Community, which encouraged the move, has long evolved into the European Union, including old eastern European members which two decades ago seemed to be behind many UMA members in their potential to suck in Financial Direct Investment. While North African economies have continued to make significant progress, their structures and practices have not evolved nearly as quickly as seemed likely two decades ago. This article focuses on the political economy aspects of North Africa's perceived problems of drawing in investment and promoting regional integration: the domestic politics of the Euro-Med's Maghrebi partners, not only in the sense that 'nationalist' policy-making has a major impact on economic outcomes but also in the prevalence of crony capitalism across the region.
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