Franklin

Central America, Panama, and the Dominican Republic [electronic resource] : Trade Integration and Economic Performance, Medina Cas, Stephanie.

Author/Creator:
Medina Cas, Stephanie.
Publication:
Washington, D.C. : International Monetary Fund, 2012.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 12/234.
IMF Working Papers; Working Paper No. 12/234
Format/Description:
Government document
Book
1 online resource (40 p.)
Local subjects:
Agricultural exports.
Bilateral trade agreements.
Commercial Policy.
Common market.
Competition policy.
Country and Industry Studies of Trade.
Domestic market.
Economic growth.
Economic Growth of Open Economies.
Economic Integration.
Export growth.
Export sector.
Export structure.
Exports.
External openness.
External tariff.
Free trade agreements.
Free trade area.
Global production chains.
Global trade.
Import tariffs.
Intellectual property rights.
International trade agreements.
Investor protection.
Macroeconomic Analyses of Economic Development.
Multilateral initiatives.
Multilateral trade.
Multilateral trade agreements.
Non-tariff barriers.
Open economies.
Per capita income.
Promotion.
Protection.
Regional integration.
Regional trade.
Regional trade integration.
Tariff rates.
Terms of trade.
Trade blocs.
Trade integration.
Trade links.
Trade logistics.
Trade Negotiations.
Trade relationships.
Trade rules.
Trading arrangements.
Central America.
Costa Rica.
Dominican Republic.
El Salvador.
Guatemala.
Honduras.
Nicaragua.
Panama.
Summary:
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.
Notes:
Description based on print version record.
Contributor:
Barrot, Luis-Diego.
Medina Cas, Stephanie.
Swiston, Andrew.
Other format:
Print Version:
ISBN:
1475510845:
9781475510843
ISSN:
1018-5941
Publisher Number:
10.5089/9781475510843.001
Access Restriction:
Restricted for use by site license.
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