Isik, GozdeYoshino, Yutaka2013-03-272013-03-272010-05https://hdl.handle.net/10986/12990This report discusses the patterns of foreign direct investment flows and trade-investment inter-linkages in Southern Africa. It will discuss how cross-border investment flows create a possible channel of growth spillover from South Africa and other MICs to LICs in the subregion, and identify the roles of subregional trade and investment flows in generating these neighborhood effects with LICs. After an introduction with background on the subregion of Southern Africa, Section 2 provides facts on the patterns of trade in Southern African countries to illustrate how much (or little) the Southern African subregion is integrated today and whether or not intraregional trade is growing. Section 3 presents aggregate trends in foreign direct investment flows (and stocks) in SSA, discusses how SASR is situated in such trends, and analyzes the emerging trends of intra-SASR cross-border investments, largely driven by South Africa. Section 4 analyzes trade-investment linkages in Southern Africa at the firm level. Section 5 discusses areas of domestic policies in enhancing trade and foreign direct investment in Southern Africa. Section 6 summarizes the findings from this analysis and discusses their policy implications.en-USCC BY 3.0 IGOAFFILIATED FIRMSAGGREGATE TRENDSAGRICULTUREAPARTHEIDAPPARELBILATERAL TRADEBILATERAL TRADE DATABORDER CROSSINGSBORDER TRADEBUSINESS ENVIRONMENTCAPITAL INFLOWSCAPITAL INTENSITYCAPITAL PER WORKERCENTRAL BANKCOMMODITYCOMMODITY TRADECOMMUNICATION TECHNOLOGIESCOMPANY MANAGEMENTCOMPARATIVE ADVANTAGECONVERGENCECORPORATE OWNERSHIPCOUNTRY GROWTHCROSS-BORDER TRADECROSS-BORDER TRANSACTIONCROSS-BORDER TRANSACTIONSCUSTOMSCUSTOMS ADMINISTRATIONCUSTOMS CLEARANCECUSTOMS POLICIESDEVELOPING COUNTRIESDOMESTIC ECONOMYDOMESTIC ENTERPRISESDOMESTIC FIRMSDOMESTIC INVESTMENTDOMESTIC INVESTMENT CLIMATEDOMESTIC MARKETSDUTY-FREE ACCESSECONOMETRIC ANALYSISECONOMIC COMMUNITYECONOMIC CRISISECONOMIC EFFICIENCYECONOMIC INEFFICIENCYECONOMIC INTEGRATIONECONOMIC OUTLOOKECONOMIC PARTNERSHIP AGREEMENTSECONOMIC RESEARCHECONOMIC SURVEYSECONOMIES OF SCALEENTRY POINTSEPZEXCHANGE RATEEXPORT INTENSITYEXPORT MARKETEXPORT MARKETSEXPORT ORIENTATIONEXPORT PERFORMANCEEXPORT PROCESSINGEXPORT PROCESSING ZONEEXPORT VALUEEXPORTERSEXPORTSEXTRA-REGIONAL TRADEFINANCIAL COMPANIESFINANCIAL CRISISFINANCIAL FLOWSFINANCIAL SERVICESFOREIGN COMPANIESFOREIGN DIRECT INVESTMENTFOREIGN FIRMFOREIGN FIRMSFOREIGN INVESTMENTFOREIGN INVESTMENTSFOREIGN INVESTORSFOREIGN NATIONALSFOREIGN OWNERSFOREIGN OWNERSHIPFOREIGN SHAREFOREIGN WORKERSFORMAL TRADEFREE ACCESSGDPGLOBAL EXPORTGLOBAL EXPORTSGLOBAL MARKETSGRAVITY MODELGRAVITY MODELSGROWING TRADEGROWTH RATEHOLDING COMPANIESHOLDING COMPANYHORIZONTAL RESTRICTIONSIMPORTED INPUTSINCOMEINDIVIDUAL FIRMSINEFFICIENCYINSURANCEINSURERINTERMEDIATE GOODSINTERNATIONAL PRODUCTIONINTERNATIONAL TRADEINTRAREGIONAL TRADEINVESTMENT CLIMATEINVESTMENT CLIMATE CONSTRAINTSINVESTMENT FLOWSINVESTMENT INTEGRATIONINVESTMENT POLICIESINVESTMENT REGIMESINVESTOR PROTECTIONJOINT VENTURELABOR MARKETLABOR PRODUCTIVITYLANDLOCKED COUNTRIESLOCAL LABORLOW-INCOME COUNTRIESMANUFACTURING INDUSTRIESMERCHANDISE TRADEMIDDLE INCOME COUNTRIESMIDDLE-INCOME COUNTRIESMIDDLE-INCOME COUNTRYMONOPOLISTIC COMPETITIONMONOPOLYMULTINATIONAL CORPORATIONSNATIONAL OUTPUTNATURAL RESOURCENATURAL RESOURCESNEGATIVE EXTERNALITIESNEIGHBORING COUNTRIESOLIGOPOLYOUTPUTSOWNERSHIP STRUCTUREPATTERNS OF TRADEPOSITIVE EXTERNALITIESPRIVATE CAPITALPRIVATE CAPITAL FLOWSPRIVATIZATIONPRODUCTIVITYPRODUCTIVITY GROWTHPROTECTING INVESTORSPUBLIC ENTITIESPUBLIC GOODSPUBLIC POLICIESRAPID GROWTHREGIONAL GROUPSREGIONAL INTEGRATIONREGIONAL TRADEREGULATORRESERVE BANKSPATIAL ECONOMICSSTANDARD ERRORSSTATE OWNED BANKSSTRUCTURAL SHIFTSUNK COSTSTAXTECHNOLOGICAL CAPABILITIESTELECOMMUNICATIONSTELEPHONE SERVICESTERMS OF TRADETRADE FACILITATIONTRADE LOGISTICSTRADE POLICIESTRADING SYSTEMTRANSACTION COSTSTRANSPARENCYTRANSPORT EQUIPMENTTRANSPORT SECTORTRANSPORT SERVICESUNSKILLED LABORVERTICAL INTEGRATIONVOLUME OF TRADEWORLD INVESTMENTWORLD INVESTMENT REPORTWORLD TRADING SYSTEMWorld Bank10.1596/12990