Dating the integration of world capital markets

French, along with Arabic, is spoken in the Maghreb countries of Algeria, Mauritania, Morocco, and Tunisia.However, there are significant linguistic diversities within some countries, including the Islamic Republic of Iran and Iraq.

The value of the region's GDP is approximately $2 trillion, measured at PPP exchange rates or 4.3 percent of world GDP, also measured in PPP exchange rates. The region accounts for about three-fourths of the world's proven reserves of crude oil and the GDP of the MENA region's oil exporters account for about two-thirds of the region's GDP.Choosing Exchange Regimes in the Middle East and North Africa Creating Employment in the Middle East and North Africa Financial Development in the Middle East and North Africa GCC Countries: From Oil Dependence to Diversification The Middle East and North Africa in a Changing Oil Market The Middle East and North Africa (MENA) is an economically diverse region that includes countries with a common heritage, at various stages of economic development, and with vastly different endowment of natural resources.Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region's economic performance in the past 30 years has been below its potential.The experience of the last 50 years across wide regions of the globe has shown that developing countries, on average, have found it much easier to initiate growth than to sustain it.