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Assessment of The Macroeconomic Situation in North African Countries and Their Role in The System of World Economic Relations

Agapova, Anna and Budarina, N and Shafiev, R and Tataeva, I. and Kuskov, A. (2021): Assessment of The Macroeconomic Situation in North African Countries and Their Role in The System of World Economic Relations. Published in: Innovation Management and information Technology impact on Global Economy in the Era of Pandemic No. Proceedings of the 37th International Business Information Management Association Conference (IBIMA) 30-31 May 2021, Cordoba, Spain (18 September 2021): pp. 5454-5459.

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Abstract

In this article, based on the analysis of the macroeconomic situation of the North African countries, their role in the system of world economic relations is determined. It is proved that despite a certain similarity of the economic model of development of the countries of North Africa, based on the use of raw materials, the impact of external shocks causes different reactions and consequences that are incomparable in scale. It has been determined that the political and economic instability of the North African countries is reflected, among other things, in the ratings of socio-economic development published by international organizations and leading expert and analytical centers. It was revealed that the progress that was achieved by the countries of the region in previous years is largely leveled by factors of a political and religious nature, as well as a strong dependence on world markets for raw materials, which in modern conditions adds certain difficulties to these countries in the world economy.

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