ESCWA Publication: E/ESCWA/CL3.SEP/2021/TP.18
Country: Hashemite Kingdom of Jordan
Publication Type: Information material
Cluster: Shared Economic Prosperity
Focus Area: Financing for development, Governance & enabling environment, Inclusive development, Future of employment
Initiatives: Enhancing integrated national development planning, Trade & industry statistics, Integrated national financing frameworks
SDGs: Agenda 2030
Keywords: Limitation of actions, Economic integration, Trade facilitation, Trade, Financial crisis, Financial flows, Technical cooperation, Regional cooperation, Tariffs, Trade agreements, Free trade, Competition policy, Political aspects, Economic aspects, Government policy, Private sector, Institutional machinery
National action plan - Jordan
February 2023
This study examines limitations to intensification efforts of regional integration caused by a combination of factors. Chief amongst these factors is the primacy of political interests over economic aspiration, leading, for instance, to the unsatisfactory implementation of certain agreements. Further limitations to integration include weak institutional capacity at both private and public levels, a fragile infrastructure, the overlapping and multiplicity of trade and investment arrangements, and a weak business environment.
To overcome these shortcomings sustainably, the productive base of the Jordanian economy needs to be expanded in order to increase the production and export of competitive commodities. Doing so will enable the economy to attract more investment and intensify integration. In addition, trade and investment arrangements between Jordan and its regional partners should cover all enabling factors to achieve the desired goals.
Related content
Financing for development
, Governance & enabling environment
, Inclusive development
, Future of employment
,
This study examines limitations to intensification efforts of regional integration caused by a combination of factors. Chief amongst these factors is the primacy of political interests over economic aspiration, leading, for instance, to the unsatisfactory implementation of certain agreements. Further limitations to integration include weak institutional capacity at both private and public levels, a fragile infrastructure, the overlapping and multiplicity of trade and investment arrangements, and a weak business environment.
To overcome these shortcomings sustainably, the productive base of the Jordanian economy needs to be expanded in order to increase the production and export of competitive commodities. Doing so will enable the economy to attract more investment and intensify integration. In addition, trade and investment arrangements between Jordan and its regional partners should cover all enabling factors to achieve the desired goals.
