Analysis of tendencies in the development of trans-regional integration processes with participation of Jordanian basin countries

Abstract

The purpose of the article is to compare the potential of transborder cooperation within Jordanian basin countries. The research covers the tendencies in the development of trans-regional integration processes with participation of Jordanian basin countries. The article takes issue with apparently simple economic logic, drawing attention to the effective model for economic cooperation within regional or sub-regional country groups of developing countries, that can give a visible impulse for accelerated economic growth and be the leading factor in solving economic development problems.
It argues that integration processes within Jordanian basin countries should rely on the solid ground of intra-regional interactions, to be capable to compete with alternative options of trans-regional integrative interactions, such as economic cooperation including bilateral trade relations, joint credit and investment projects and other economic cooperation mechanisms.
The analysis of tendencies in regional and trans-regional integration processes is made using quantitative indicators of the integrative interactions activity: GDP, population, foreign direct investment flows, structure of foreign trade, participation in regional and trans-regional integrative associations.