Hamilton, Pamela CokeTsikata, YvonneMoreira, Emmanuel Pinto2012-03-192012-03-192009-06-01978-0-8213-8017-8https://hdl.handle.net/10986/2652This volume builds on the foundation laid by the 2005 report by focusing on the factors affecting the region's competitiveness and the critical role that the Caribbean Single Market and Economy (CSME) has to play as a driver of integration and economic development. In addition it highlights the potential of the Economic Partnership Agreement (EPA), if properly implemented, to significantly increase the region's competitiveness and to help it attain long-term sustained development. This potential, however, will only be realized if precise trade and competitiveness strategies are crafted to focus primarily on removing the constraints to competitiveness endemic in the region. In addition, and this is a critical element of any newly-devised strategy, is the necessity to revise regional institutional mechanisms and mandates to promote implementation and to take advantage of the market access opportunities presented by successive trade agreements such as the EPA. This report, while highlighting the need for immediate and concrete actions on the part of the Caribbean Community (CARICOM) member states, also recognizes the responsibility of the donor community in helping to play a catalytic role in supporting trade reform and macroeconomic stability. The aid for trade agenda must seek to address the weaknesses inherent in the formulation and application of international aid policies and implement new frameworks aimed at enhancing the ability of these small nation states to meet and overcome the challenges of global competitiveness.CC BY 3.0 IGOAGGREGATE EXPORTSAGREEMENT ON TRADEAGRICULTURAL PRODUCTSAGRICULTUREAVERAGE TARIFFSAVERAGINGBILATERAL AGREEMENTSBILATERAL TARIFFBILATERAL TARIFF REDUCTIONBILATERAL TRADEBILATERAL TRADE AGREEMENTSBINDING CONSTRAINTSBUSINESS CYCLECAPITAL FLOWSCAPITAL MARKETCAPITAL STOCKCENTRAL BANKCOMMODITYCOMMON TRADE POLICYCOMPARATIVE ADVANTAGECOMPETITIONCOMPETITION POLICYCOMPETITION POLICY LEGISLATIONCOMPETITIVENESSCONCESSIONSCONSUMER PRICE INDEXCONSUMER PROTECTIONCONSUMPTIONCOPYRIGHT CLEARANCECOPYRIGHT CLEARANCE CENTERCOSTSCREDITCREDIT RATINGSCURRENT ACCOUNTCURRENT ACCOUNT BALANCECURRENT ACCOUNT DEFICITCUSTOMSCUSTOMS PROCEDURESCUSTOMS UNIONCUSTOMS VALUATIONDEBTDEVELOPING COUNTRIESDEVELOPMENTDEVELOPMENT AGENCYDEVELOPMENT ASSISTANCEDEVELOPMENT ECONOMICSDEVELOPMENT POLICIESDEVELOPMENT POLICYDOMESTIC MARKETDYNAMIC ANALYSISECONOMIC CRISISECONOMIC DEVELOPMENTECONOMIC INTEGRATIONECONOMIC POLICYECONOMIC SIZEECONOMIES OF SCALEECONOMYEQUILIBRIUMEXPORT DEMANDEXPORT FACILITATIONEXPORT GROWTHEXPORT PERFORMANCEEXPORT PRICEEXPORT PROCEDURESEXPORT PROMOTIONEXPORT REVENUEEXPORT SHARESEXPORT SPECIALIZATIONEXPORT STRUCTUREEXPORT STRUCTURESEXPORT SUPPLYEXPORTERSEXPORTSEXTERNAL TARIFFEXTERNAL TRADEEXTERNAL TRADE POLICYFACTOR SHARESFINANCIAL CRISISFINANCIAL SERVICESFISCAL POLICYFOREIGN BANKSFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN INVESTMENTFREE MOVEMENT OF GOODSFREE TRADEFREE TRADE AGREEMENTFREE TRADE AREAFREE TRADE ZONEFULL LIBERALIZATIONGDP PER CAPITAGENERAL EQUILIBRIUMGLOBAL COMPETITIONGLOBAL COMPETITIVENESSGLOBAL INTEGRATIONGLOBAL TRADEGLOBAL TRADINGGOODSGROSS DOMESTIC PRODUCTGROSS OUTPUTHIGH TARIFFSIMPACT OF TRADEIMPACT OF TRADE LIBERALIZATIONIMPERFECT COMPETITIONIMPORT PRICEIMPORT TARIFFIMPORTSINCENTIVESINCOME LEVELSINEQUALITYINFLATION RATESINFRASTRUCTURE INVESTMENTINPUTSINSTITUTIONAL CONSTRAINTSINTERNATIONAL MARKETINTERNATIONAL TRADEINTERNATIONAL TRADINGINVESTMENTINVESTMENT FLOWSINVESTMENT INCENTIVESJOB CREATIONLABOR MARKETLABOR MARKETSLESS DEVELOPED COUNTRYLIBERALIZATION OF TRADELIBERALIZATION OF TRADE IN GOODSLIQUIDITYMACROECONOMIC ANALYSISMACROECONOMIC MODELSMACROECONOMIC POLICIESMACROECONOMIC STABILITYMACROECONOMICSMARKET ACCESSMARKET ACCESS OPPORTUNITIESMARKET REGULATIONMONOPOLIESMONOPOLYMOST FAVORED NATIONNATIONAL ECONOMIESOPEN ECONOMIESOPENNESSOUTCOMESPERFECT COMPETITIONPREFERENTIAL ACCESSPREFERENTIAL AGREEMENTSPRODUCTIONPRODUCTION COSTSPROFIT RATEPUBLIC FINANCEREAL GDPREGIONAL INTEGRATIONREGIONAL TRADEREGIONAL TRADE INTEGRATIONREGULATORY FRAMEWORKRENEWABLE ENERGYSHARESINGLE MARKETSOCIAL DEVELOPMENTSPECIAL PROVISIONSPECIALIZATIONTARIFFTARIFF BARRIERSTARIFF DISPERSIONTARIFF LINESTARIFF REDUCTIONTARIFFSTAXTAX EXEMPTIONSTAXATIONTAXESTECHNICAL ASSISTANCETELECOMMUNICATIONSTERMS OF TRADETOURISMTRADETRADE ADJUSTMENTTRADE AGENDATRADE AGREEMENTTRADE AGREEMENTSTRADE ASSOCIATIONTRADE BALANCETRADE CONTEXTTRADE COSTSTRADE DIVERSIONTRADE FLOWSTRADE IN SERVICESTRADE INTEGRATIONTRADE ISSUESTRADE LIBERALIZATIONTRADE LOGISTICSTRADE NEGOTIATIONTRADE NEGOTIATIONSTRADE PARTNERSTRADE PARTNERSHIPTRADE PATTERNSTRADE PERFORMANCETRADE POLICIESTRADE POLICYTRADE POLICY FORMULATIONTRADE POLICY REFORMSTRADE PREFERENCESTRADE REFORMTRADE REFORMSTRADE RELATIONSTRADE STRATEGYTRADE STRUCTURETRANSPORT COSTSTRENDSUNEMPLOYMENTUNEMPLOYMENT RATESUNSKILLED LABORVALUATIONVALUEVALUE ADDEDWAGESWELFAREWELFARE GAINSWORLD TRADEWORLD TRADE ORGANIZATIONWTOWorld Bank10.1596/978-0-8213-8017-8