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Succeeding with Trade Reforms

The Role of Aid for Trade

image of Succeeding with Trade Reforms
Succeeding with Trade Reforms: The Role of Aid for Trade highlights the potential of aid for trade to boost economic growth and reduce poverty, while discussing the various reasons why it may not be realised. In so doing, this book draws lessons for the design of aid-for-trade projects and programmes and for increasing their effectiveness. Building on this analysis, the book also quantifies the binding constraints to trade in developing countries and the importance of complementary and compatible policies (such as education, governance, business environment and macroeconomic stability) to maximise the impact of trade reforms on trade and economic growth.

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Estimating the constraints to trade of developing countries

This chapter quantifies the severity of binding constraints to trade in developing countries. It also quantifies the importance of the complementary policies that will maximise the impact of trade reforms on trade and economic growth. As trade-related needs of developing countries are numerous, such quantification is needed to guide the sequencing of reforms and aid-for-trade support. An econometric analysis is undertaken for as many partner countries as possible to produce a benchmark against which special country groupings can be assessed. The econometric work relies on experimentation to identify and rank (based on their relative severity) the most binding constraints for each country grouping (landlocked countries, small and vulnerable economies, and commodity exporters).

English

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