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Advanced Economies and Emerging Markets by Rajabahadur V. Arcot, Harry Xia, Carlos Frota, José Alves, Marcus Goncalves

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CHAPTER 10

Can MENA’s Rise Be Powered by BRICS?

Overview of the MENA Region

This chapter provides an overview of the MENA (Middle East and North Africa) region followed by a review of recent trade and investment relations between MENA and BRICS countries. It also reviews and discusses challenges and opportunities for economic development arising from the complementarities and interactions between countries form both blocs.

The people of the MENA region have long played an integral, if somewhat volatile, role in the history of human civilization. MENA is one of the cradles of civilization and of urban culture. Three of the world’s major religions originated in this region, including Judaism, Christianity, and Islam. Universities existed in this ...

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