chapter  13
26 Pages

The Middle East: challenges and opportunities of globalization

WithHEBA HANDOUSSA AND HEBA ABOU SHNIEF

In this chapter, we refer to economic globalization as the speedier movement of goods, services, and, to a lesser extent, people across national borders as a result of technological advancements in information, transport, and communications. Economic globalization deserves attention because the process has only started to unfold; it implies vast opportunities but also carries the threat of growing imbalances between the haves and the have-nots of the world.