Trade Matters

World Bank

Trade Matters

Autores

World Bank

Editor

Washington, DC

Descripción

Trade is essential for Caribbean countries development and poverty reduction. Given their small market size, they are dependent on exports to produce manufactured products at efficient scale. And given their natural amenities, they rely on tourism as a major spur to economic activity. Trade in the Caribbean thus makes an essential contribution to increasing employment and reducing poverty by supporting growth. At the same time, the high dependence on trade also makes Caribbean economies vulnerable to external shocks. For example, the global financial crisis imposed substantial job losses in sectors such as tourism that the poor rely on for employment. This report employs several different, but complementary, empirical approaches to analyzing the impact of this emerging new trade environment on shared prosperity in the Caribbean. These include the following six topics, with each corresponding to an individual chapter: (i) assessment of the Caribbean s performance in reaping the opportunities offered by the new trade environment; (ii) identification of the main determinants of Caribbean countries trade performance; (iii) discussion of the role of innovation and access to keys services in improving the productivity of exporting firms; (iv) exploration of how regional integration and other trade agreements could boost Caribbean trade performance; (v) firm-level examination of the implications of trade for employment; and (vi) identification of which households are involved in international trade and the implications of trade for their socio-economic status.

Palabras clave

TARIFFS, UNEMPLOYMENT RATES, ECONOMIC GROWTH, TARIFF RATES, PRODUCTION, EXPORT SECTORS, REGIONAL TRADE AGREEMENTS, GLOBAL COMPETITIVENESS, TRADE BARRIERS, EXPORT PERFORMANCE, PRODUCERS, BALANCE OF PAYMENTS, GDP PER CAPITA, EXPORTS, DEVELOPING COUNTRIES, DOMESTIC MARKET, EXPORTERS, REVENUES, WELFARE, EQUILIBRIUM, GRAVITY MODEL, WORLD MARKETS, COMPETITIVE POSITION, TRADE OPENNESS, BENCHMARKS, HIGH TARIFFS, TRADE PERFORMANCE, PAYMENTS, MARKET ACCESS, DOMESTIC PRODUCTS, TRENDS, PREFERENTIAL ACCESS, TRADE AGREEMENTS, ECONOMIC ACTIVITY, DEVELOPMENT, PREFERENTIAL TRADE AGREEMENTS, TRADE IN GOODS, INFLUENCE, TRADE BALANCE, TECHNICAL ASSISTANCE, PER CAPITA INCOME, OIL, EXPORT GROWTH, TELECOMMUNICATIONS, TRADE INTEGRATION, EXPORT EARNINGS, TRADE BLOCS, DOMESTIC PRODUCERS, REGIONAL TRADE, DEEPER TRADE INTEGRATION, SPECIALIZATION, LABOR PRODUCTIVITY, PRODUCTIVITY, TRADE LOGISTICS, CRITERIA, ACCESS, ECONOMIC SIZE, PREFERENTIAL AGREEMENTS, TRADE POLICY, TRADE AGREEMENT, NATURAL RESOURCES, AVERAGING, AVERAGE TRADE, METALS, GLOBAL MARKETPLACE, EXPORT VALUE, COMMON MARKET, TRADE MORE, PATTERN OF TRADE, RESOURCES, UNEMPLOYMENT, GENERAL EQUILIBRIUM, HUMAN CAPITAL, VALUE ADDED, WAGES, INTERNATIONAL TRADE, ECONOMETRIC ANALYSIS, VALUES, FINANCIAL CRISIS, VALUE, COMPETITIVENESS, CREDIT, ECONOMIC SECTORS, COMPARATIVE ADVANTAGES, PATENTS, EXPECTED VALUE, EXTERNAL TARIFF, TRADE RELATIONSHIPS, AGRICULTURE, CONSUMERS, TRANSFER TECHNOLOGY, TOURISM, PROPERTY, TRADE FACILITATION, OPENNESS, RATE OF INNOVATION, ENVIRONMENT, BENCHMARK, ECONOMIC COMPETITIVENESS, TRADE LIBERALIZATION, TARIFF LEVELS, TERMS OF TRADE, REGRESSION ANALYSIS, CD, AVERAGE TARIFF, ECONOMIC DEVELOPMENT, REGIONAL INTEGRATION, TRADE PARTNERSHIP, TRADE, ECONOMIC INTEGRATION, GDP, GOODS, GLOBAL TRADE, MARKET SHARE, ECONOMIES OF SCALE, GROWTH RATE, INTERNATIONAL MARKET, DOMESTIC COMPETITION, COMPARATIVE ADVANTAGE, PREFERENTIAL TRADE, TARIFF, BUSINESS ENVIRONMENT, EXTERNAL SHOCKS, SCIENTIFIC RESEARCH, RISK MANAGEMENT, COMPETITIVENESS INDEX, TARIFF RATE, TRANSPORT COSTS, FINANCIAL SECTOR, OPEN ECONOMIES, EXPORT SHARE, INTERNATIONAL MARKETS, PRICES, PRODUCTION COSTS