The Business Environment in Southern Africa : Issues in Trade and Market Integration - Summary

This report assesses some of the key barriers to greater trade and factor market integration in the Southern Africa Development Community (SADC). The SADC has been a free trade area since 2008, and has an ambitious agenda for further trade integrat...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English
Published:	World Bank 2012
Subjects:	ACCESSIBILITY ALLOCATIVE EFFICIENCY APARTHEID ARBITRAGE AVERAGE TARIFF BANKING INDUSTRIES BANKING INDUSTRY BARRIER BARRIERS TO ENTRY BARRIERS TO INVESTMENT BORDER TRADE BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS BUSINESS REGULATION CAPITAL ACCOUNT CAPITAL ACCOUNTS CAPITAL CONTROLS CAPITAL FLOWS CAPITAL GOODS CAPITAL INTENSITY CAPITAL STOCK CODE OF CONDUCT CODES OF CONDUCT COLLATERAL COMMODITIES COMMODITY COMMON MARKET COMPETITION LAWS COMPETITION POLICIES COMPETITION POLICY CONCEPTUAL FRAMEWORK CONNECTIVITY CONSUMER GOODS CONSUMER PRICE INFLATION CONTRACT ENFORCEMENT COST SAVINGS CREDIT INFORMATION SYSTEMS CROSS-BORDER CAPITAL CROSS-BORDER TRANSACTION CUSTOMS ADMINISTRATION CUSTOMS CLEARANCE CUSTOMS PROCEDURES CUSTOMS UNION DEMOCRACY DEVELOPING COUNTRY DEVELOPMENT POLICIES DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC MARKETS DOMESTIC PRODUCERS DOMESTIC PRODUCTION DRIVERS ECONOMIC CONVERGENCE ECONOMIC GROWTH ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKET ECONOMIES ENVIRONMENTS EVIDENCE OF CONVERGENCE EXCHANGE RATES EXPORT BIAS EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT VALUE EXPORT VOLUMES EXPORTERS EXPORTS EXTERNAL FINANCE EXTERNAL TARIFF FACTOR MARKET INTEGRATION FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MARKET FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL TRANSACTIONS FIXED ASSETS FLOW OF CAPITAL FOREIGN COMPANIES FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL TRADE GLOBALIZATION GOVERNANCE INDICATORS GOVERNMENT INVOLVEMENT GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GROWTH IN TRADE GROWTH RATE GROWTH RATES HARMONIZATION HARMONIZATION OF COMPETITION POLICIES HIGH UNEMPLOYMENT HUMAN CAPITAL IMPORT PROTECTION IMPORT TARIFFS INCOME INCOME GROUP INCOME GROUPS INCOMES INDUSTRY TRADE INEFFICIENCY INSURANCE INTERMEDIATE GOODS INVESTMENT CLIMATE INVESTMENT OPPORTUNITIES JUDICIAL SYSTEMS JURISDICTION LABOR FORCE LABOR MARKET LABOR MARKET INTEGRATION LABOR MARKETS LABOR PRODUCTIVITY LEGAL FRAMEWORK LIBERALIZATION LIBERALIZATION OF TRADE LONG-TERM FINANCE LOW-INCOME ECONOMIES MANUFACTURING INDUSTRY MANUFACTURING PRODUCTIVITY MARGINAL PRODUCTIVITY MARGINAL REVENUE MARKET COMPETITION MARKET DISTORTIONS MARKET ECONOMIES MARKET INTEGRATION MARKET POWER MARKET SHARE MARKET SHARES MERGERS MICROFINANCE MIDDLE INCOME COUNTRIES MIDDLE-INCOME COUNTRIES MOBILITY NATURAL RESOURCES NOMINAL INTEREST RATES OPENNESS OUTPUT PER CAPITA INCOME POLITICAL STABILITY PORT SERVICES POWER OUTAGES POWER PARITY PRICE DIFFERENCES PRICE SPREADS PRIVATE INVESTMENT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCERS PRODUCTION INPUTS PRODUCTIVITY GROWTH PROTECTION RATES PUBLIC UTILITIES PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER RAILWAY RATE OF GROWTH RATE OF RETURN RATE OF RETURN TO CAPITAL RATES OF PROTECTION REAL EXCHANGE RATES REGIONAL INTEGRATION REGIONAL TRADE REGIONAL TRADE INTEGRATION REGULATOR REGULATORY BARRIERS REGULATORY FRAMEWORK RISK PREMIUM RULES OF ORIGIN SKILLED WORKERS SMALL BUSINESS SMALL BUSINESSES SMALL COUNTRIES STARTUP TARIFF BARRIERS TARIFF RATES TARIFF REDUCTION TAX TOTAL FACTOR PRODUCTIVITY TRADE BARRIERS TRADE COSTS TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REGIME TRADE VOLUMES TRANSACTION COSTS TRANSFER OF TECHNOLOGY TRANSPARENCY TRANSPORT TRANSPORT COSTS TREASURY VOLATILITY WAGE CHANGES WAGE RATES WAGES WORLD DEVELOPMENT INDICATOR WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110330001256 http://hdl.handle.net/10986/2974

Description
Summary:	This report assesses some of the key barriers to greater trade and factor market integration in the Southern Africa Development Community (SADC). The SADC has been a free trade area since 2008, and has an ambitious agenda for further trade integration. This report assesses the roles that cross-country differences in business environments have had in impeding cross-border trade flows and the cross-border integration of credit markets and the labor market based on the analysis of microeconomic data on firms and households. The aim of the assessment is to help inform the policy and business environment harmonization agenda of the community. The full report discusses and illustrates the use of price data in monitoring intraregional trade integration. The report evaluates the extent of integration of labor markets among members the statistical agencies of which regularly collect the minimum data required for this purpose, which are South Africa, Mauritius, Tanzania, and Zambia. The results show that, although there is considerable integration of South Africa's labor market with many others in the region, the degree of integration is rather low. This reflects the fact that both trade and capital flows are far more restricted in the region than in places where there is greater cross-border labor market integration.

The Business Environment in Southern Africa : Issues in Trade and Market Integration - Summary

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