Preface; List of Abbreviations; Contents; List of Figures; List of Tables; Contributors; Part I: Economic Development, Trade and Investment; Chapter 1: Determinants of Growth in SEMC; 1.1 Introduction; 1.2 Literature Review; 1.2.1 Macroeconomic Stability; 1.2.2 Trade Openness and FDI; 1.2.3 Financial Market Development; 1.2.4 Investment and Infrastructure; 1.2.5 Human Capital; 1.2.6 The Public Sector; 1.2.7 Institutions; 1.3 Empirical Analysis: Determinants of Growth; 1.4 Empirical Methodology; 1.5 Empirical Results; 1.6 Conclusions; Appendix. Description of the Data; References

Chapter 2: Euro-Mediterranean Trade: Shallow Versus Deep Integration2.1 Introduction; 2.2 Tariff and NTM Between the SEMC and the EU; 2.3 The Application of a Specific Gravity Model with Trade Costs; 2.3.1 Model Specification, Data and Sources; 2.3.2 Choice of the Estimators and Sensitivity Analysis; 2.3.3 Estimation and Results; 2.4 Conclusions and Policy Implications; References; Chapter 3: The EU-Turkey Customs Union: A Model for Future Euro-Med Integration; 3.1 Introduction; 3.2 Customs Union; 3.3 Technical Barriers to Trade; 3.4 Competition Policy; 3.5 Intellectual Property Rights

3.6 Administrative Costs of Implementing the Customs Union3.7 Trade Performance, FDI and Criticism of the CU; 3.7.1 Trade Performance; 3.7.2 FDI; 3.7.3 Criticism of the Customs Union; 3.8 Conclusions; References; Chapter 4: Manufactured Exports and FDI; 4.1 Introduction; 4.2 Empirical Analysis; 4.2.1 Manufactured Exports; 4.2.2 Foreign Direct Investment; 4.3 Prospective Analysis; 4.3.1 Manufactured Exports; 4.3.2 Foreign Direct Investment; 4.4 Conclusions; Appendix: Descriptive Statistics; References; Chapter 5: Private Sector Development; 5.1 Introduction; 5.2 Foreign Direct Investment

5.3 The Informal Sector5.4 Cultural Factors That May Influence Private Sector Development; 5.5 Conclusions; References; Part II: Sectoral Studies; Chapter 6: Transport Infrastructure; 6.1 Introduction; 6.2 Transport Infrastructure Benchmarks for the SEMC; 6.3 Investment Costs and Affordability; 6.3.1 Types of Transport Infrastructure Investment; 6.3.2 Results of the Cost Analysis; 6.3.3 Affordability of Total Transport Investments; 6.3.4 International Comparisons of Transport Investment; 6.4 GDP and Trade Growth Impacts of Transport Investment

6.4.1 Investment in Transport Infrastructure and Economic Growth6.4.2 Choice of Threshold Effects Model; 6.4.3 Estimates of Infrastructure Investments Impact on Growth; 6.4.4 Estimates of Trade Impacts of Infrastructure Investments; 6.5 Conclusions; References; Chapter 7: Agriculture; 7.1 Introduction; 7.2 Economic Trends in the SEMC Agriculture Sector; 7.2.1 Share of Individual SEMC in the Region℗þs Agriculture Output; 7.2.2 Demand Patterns; 7.2.3 Production Pattern; 7.3 Agriculture Trade; 7.3.1 Agricultural Trade Balance of SEMC; 7.3.2 Agricultural Trade Between the SEMC and the EU