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Assessing the Global Readiness of Arab Countries to Join the WTO A Multivariate Analysis

Assessing the Global Readiness of Arab Countries to Join the WTO A Multivariate Analysis In view of recent calls for an improvement in trade among Arab countries and the need to build a model for the involvement of Arab countries in the global economy, the present study evaluates a set of more than 30 macrolevel variables for economic, social, political, legal, and qualityoflife parameters across more than 120 developing countries. Ninety four countries are then segmented on the basis of factor analysis and cluster analysis. These segments can be used by policymakers and decisionmakers to discern strategic priorities. In addition, Arab policymakers can use these clusters for vertical and horizontal economic integration and for recommendations related to direct investment. This study should provide a strategic framework for building economic blocs and for causal explanations of the variations in country ratings as a proxy for the readiness of Arab countries to join the World Trade Organization WTO. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic and Administrative Sciences Emerald Publishing

Assessing the Global Readiness of Arab Countries to Join the WTO A Multivariate Analysis

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References (5)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1026-4116
DOI
10.1108/10264116200800001
Publisher site
See Article on Publisher Site

Abstract

In view of recent calls for an improvement in trade among Arab countries and the need to build a model for the involvement of Arab countries in the global economy, the present study evaluates a set of more than 30 macrolevel variables for economic, social, political, legal, and qualityoflife parameters across more than 120 developing countries. Ninety four countries are then segmented on the basis of factor analysis and cluster analysis. These segments can be used by policymakers and decisionmakers to discern strategic priorities. In addition, Arab policymakers can use these clusters for vertical and horizontal economic integration and for recommendations related to direct investment. This study should provide a strategic framework for building economic blocs and for causal explanations of the variations in country ratings as a proxy for the readiness of Arab countries to join the World Trade Organization WTO.

Journal

Journal of Economic and Administrative SciencesEmerald Publishing

Published: Jun 1, 2008

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