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CHAPTER 6. Conclusions

CHAPTER 6. Conclusions »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

Over the past decades, African countries have set ambitious goals for their regional trade arrangements, but the results have so far fallen short of expectations. Most African RTAs started with a low level o...

CHAPTER 3. Effects of African Trade Arrangements

CHAPTER 3. Effects of African Trade Arrangements »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

A. Have RTAs Helped Increase Intraregional Trade? Time-series data show that the impact of the RTAs on intra-African trade seems to have been small or insignificant. As a share of th...

CHAPTER 1. Introduction

CHAPTER 1. Introduction »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

Africa is home to some 30 regional trade arrangements (RTAs), many of which are part of deeper regional integration schemes. 1 On average, each African country belongs to four RTA...

Chapter 3 Macroeconomic Policy Challenges

Chapter 3 Macroeconomic Policy Challenges »

Source: Managing Global Growth Risks and Commodity Price Shocks : Vulnerabilities and Policy Challenges for Low-Income Countries: Vulnerabilities and Policy Challenges for Low-Income Countries

Series: Departmental Papers / Policy Papers

Author(s): Stefania Fabrizio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2012

ISBN: 9781616353773

Keywords: Development, Economic growth, Commodity prices, External shocks, Economic recovery, Price increases, Low-income developing countries, inflation, monetary policy, exchange rate

A. Rebuilding Policy Buffers A central policy challenge facing LICs is to balance the rebuilding of macroeconomic buffers against pressing spending needs, whether for...

Chapter 1 Macroeconomic Situation

Chapter 1 Macroeconomic Situation »

Source: Managing Global Growth Risks and Commodity Price Shocks : Vulnerabilities and Policy Challenges for Low-Income Countries: Vulnerabilities and Policy Challenges for Low-Income Countries

Series: Departmental Papers / Policy Papers

Author(s): Stefania Fabrizio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2012

ISBN: 9781616353773

Keywords: Development, Economic growth, Commodity prices, External shocks, Economic recovery, Price increases, Low-income developing countries, inflation, monetary policy, exchange rate

Most low-income countries (LICs) recovered quickly from the global crisis and have grown rapidly since early 2010. The spike in global commodity prices earlier this year led to a mo...

CHAPTER 4. Policy Implications

CHAPTER 4. Policy Implications »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

The generally disappointing record of African RTAs warrants a reexamination of the underlying assumptions. Is the record disappointing because no preconditions were established to make the RTAs beneficial, d...

CHAPTER 2. Regional Trade Arrangements in Africa

CHAPTER 2. Regional Trade Arrangements in Africa »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

A. Global Background RTAs have been proliferating exponentially throughout the world. Nearly all countries now participate in at least one RTA, and approximately 300 RTAs, both bilat...

CHAPTER 5. Role of the IMF

CHAPTER 5. Role of the IMF »

Source: Regional Trade Arrangements in Africa

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

The discussion so far highlights the need to take a broad perspective in thinking about how to make African RTAs work better. Careful design and sustained implementation are necessary to make any RTA deliver...

Chapter 2 Vulnerability Analysis

Chapter 2 Vulnerability Analysis »

Source: Managing Global Growth Risks and Commodity Price Shocks : Vulnerabilities and Policy Challenges for Low-Income Countries: Vulnerabilities and Policy Challenges for Low-Income Countries

Series: Departmental Papers / Policy Papers

Author(s): Stefania Fabrizio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2012

ISBN: 9781616353773

Keywords: Development, Economic growth, Commodity prices, External shocks, Economic recovery, Price increases, Low-income developing countries, inflation, monetary policy, exchange rate

A. How Vulnerable Are LICs Currently? So far, the strong underlying growth dynamics during the recovery have reduced LICs’ near-term risk of a recession caused by a shock. With stron...

Managing Global Growth Risks and Commodity Price Shocks
			: Vulnerabilities and Policy Challenges for Low-Income Countries:  Vulnerabilities and Policy Challenges for Low-Income Countries

Managing Global Growth Risks and Commodity Price Shocks : Vulnerabilities and Policy Challenges for Low-Income Countries: Vulnerabilities and Policy Challenges for Low-Income Countries »

Series: Departmental Papers / Policy Papers

Author(s): Stefania Fabrizio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2012

DOI: http://dx.doi.org/10.5089/9781616353773.087

ISBN: 9781616353773

Keywords: Development, Economic growth, Commodity prices, External shocks, Economic recovery, Price increases, Low-income developing countries, inflation, monetary policy, exchange rate

As part of its work to help low-income countries manage volatility, the IMF has developed an analytical framework for assessing vulnerabilities and emerging risks that arise from changes in the external environment...