Study on Egypt and the guiding principles of the strategy for sub-regional integration in North Africa

Abstract

The present study shows some concern with measuring the revealed comparative advantage for the countries of the sub-region. The similarity of the comparative advantages of countries establishing closer economic relations is important where countries are particularly similar in their relative endowments of natural resources and accumulated human and physical capital. The incentives for expanded economic: relations may not be substantial after the removal of trade and other barriers to intra sub-regional trade. In this vein of relevance to policy, discussions in many countries are the comparatively larger economic gains that countries might enjoy by trade liberalization.