The Possibility of Activating the Arab Common Market in comparison with the EU

Abstract

This study is mainly an attempt to answer the raised question of the potential extent of establishing and activating the Arab Common Market as one of the Arab economic integration. Studying the number of economic indicators which characterize the European Common Market and comparing them to their counterparts in the Arab states to judge the possible extent of establishing the targeted market. The result of Study shows that the difficulty of establishing the Arab Common Market in the case of maintaining the current social, economic and political circumstances without changes in the Arab world, despite the availability of all fundamentals necessary for establishing this market in the Arab world. The study has clarified that the Arab targeted integration has several positive effects such as increasing the Arab inter-exports and hence reducing the Arab imports, the reduction of unemployment rate in the Arab world, the reduction of Arab agricultural unemployment and the food balance deficit.

Keywords: Arab Common Market, economic development, imports, unemployment