The Arab Experience

• Published in: Regional Financial Cooperation p. 291
• Main Author: GEORGES CORM
• Format: Book Chapter
• Language: English
• Published: United States Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) 29-08-2007; Brookings Institution Press
• Subjects: Alternative banking; Bank capital; Bank loans; Bank management; Banking; Behavioral economics; Behavioral finance; Behavioral sciences; Countries; Development banks; Development studies; Economic disciplines; Economics; Finance; Financial economics; Financial incentives; Financial instruments; Financial investments; Funding; Human geography; International development; International finance; Investment credit; Islamic banking; Loans; Political geography; Social sciences; Tax incentives
• ISBN: 9780815764199; 0815764197

The Arab region has a rich and diversified experience of regional economic cooperation, beginning in 1944 with the creation of the League of Arab States (Arab League). The league was among the first official regional institutions to be created after World War II. The aim of the league was to develop cooperation between Arab countries in all fields, including trade, finance, and defense.
Unfortunately, the league was not very successful in securing a common Arab position in international affairs, owing to various political and economic factors that are not studied here. It also failed in a number of endeavors to