Analyzing Trade Competitiveness : A Diagnostics Approach

Trade has proven to be a powerful engine of growth worldwide. But not all countries have benefited equally. Despite much effort to use trade policy to catalyze exports, many developing countries have failed to achieve successful, sustainable export...

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Bibliographic Details
Main Authors: Farole, Thomas, Reis, Jose Guilherme, Wagle, Swarnim
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
GDP
ICT
WEB
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=000158349_20100601154408
http://hdl.handle.net/10986/3814
Description
Summary:Trade has proven to be a powerful engine of growth worldwide. But not all countries have benefited equally. Despite much effort to use trade policy to catalyze exports, many developing countries have failed to achieve successful, sustainable export and economic growth. Even with the benefit of preferential market access, many developing country exporters face a broad and diverse set of constraints that limit their potential to compete in export markets. This paper discusses the concept of "competitiveness" with respect to trade and the various dimensions on which trade competitiveness might be assessed. It argues there is a need for a framework by which trade competitiveness can be assessed in a systematic way. Inspired by the "growth diagnostics" approach, it outlines a possible framework for assessing factors that facilitate or constrain trade competitiveness.