Analyzing trade competitiveness: a diagnostics approach

Thomas Farole, Jose Guilherme Reis and Swarnim Wagle

No 5329, Policy Research Working Paper Series from The World Bank

Abstract: 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.

Keywords: Economic Theory&Research; Environmental Economics&Policies; Markets and Market Access; E-Business; Currencies and Exchange Rates (search for similar items in EconPapers)
Date: 2010-06-01
New Economics Papers: this item is included in nep-cse and nep-int
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Citations: View citations in EconPapers (13)

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