Main Features of the ESCWA Region Developing economies, despite huge oil revenues in some countries Modest institutional & infrastructural base Emerging private sector Dominance of the public sector, despite recent liberalization & privatization Major Indicators (%) ESCWA Share of World Total 20012006 GDP1.651.99 Total Trade2.513.27 FDI0.323.75 Real GDP Growth2.305.88 Source: (1) Annual Review of Developments in Globalization and Regional Integration in the Arab Countries, ESCWA (2007) (2) Statistical Abstract of the ESCWA Region, ESCWA (2007)
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