1. Economic Linkages across the Mediterranean: Trends on trade, investments and energy
- Author:
- Panagiota Manoli
- Publication Date:
- 01-2021
- Content Type:
- Working Paper
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- The Mediterranean is of multifaceted importance for the global economy, as it is one of the most highly valued seas globally. However, the region’s growth and economic integration path has often been obstructed by political upheavals and conflicts. This paper focuses on key features of the current regional dynamics in trade, investments and energy as sources of growth in the Mediterranean, with a view to assessing where the region stands today. The Mediterranean’s regional economic linkages manifest two dominant features: on the one hand, there is the marked heterogeneity of the countries’ performance in foreign trade, investment flows and energy (oil and gas) potential; on the other hand, there is the strong north-south element that shapes all intra-regional flows. These features indicate that, despite weak integration at a regional level, opportunities exist to strengthen intra-regional links as the Mediterranean further integrates into the global economy and benefits from long-standing multilateral and cooperative structures across the region.
- Topic:
- Energy Policy, Global Political Economy, Investment, and Trade
- Political Geography:
- Mediterranean