ABSTRACT

First question: Two points have been raised here; the idea of economic cooperation and the idea of economic integration. I should like to distinguish between them. Economic cooperation, as Dr. Kaddouri pointed out, is subject to discussion at any time between any two or more countries the world over, but integration is a more precise concept. Whatever our definition of integration may be, it must eventually aim at eliminating local markets or the barriers that divide local markets with the aim of achieving one market in the end. When we talk about Arab economic integration, we mean that there must be a unified Arab economy at the end and no interior walls, but just one (economic) wall surrounding the entire Arab World. This is an important concept.