Central America, Panama, and the Dominican Republic [electronic resource] : Trade Integration and Economic Performance, Medina Cas, Stephanie.
- Washington, D.C. : International Monetary Fund, 2012.
- IMF eLibrary
IMF Working Papers; Working Paper No. 12/234.
IMF Working Papers; Working Paper No. 12/234
- Government document
1 online resource (40 p.)
- Local subjects:
- Agricultural exports.
Bilateral trade agreements.
Country and Industry Studies of Trade.
Economic Growth of Open Economies.
Free trade agreements.
Free trade area.
Global production chains.
Intellectual property rights.
International trade agreements.
Macroeconomic Analyses of Economic Development.
Multilateral trade agreements.
Per capita income.
Regional trade integration.
Terms of trade.
- This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other regional integration initiatives in recent years, but this paper finds that their exports remain below the norm for countries of their size. Several indexes of outward orientation are constructed and suggest that the breadth of geographic trading relationships, depth of integration into global production chains, and degree of technological sophistication of exports in CAPDR are less conducive to higher exports and growth than in fast-growing, export-oriented economies. To boost exports and growth, CAPDR should implement policies to facilitate economic integration, particularly building a customs union, harmonizing trade rules, improving logistics and infrastructure, and enhancing regional cordination.
- Description based on print version record.
- Barrot, Luis-Diego.
Medina Cas, Stephanie.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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