Malawi - Country Economic Memorandum : Seizing Opportunities for Growth through Regional Integration and Trade - Summary of Main Finding and Recommendations

Malawi needs to focus on exports to maintain and broaden its current inspiring levels of economic growth. The focus of future policy should therefore be on reforms that improve competitiveness in global and regional markets. This does not require a fundamental shift in direction, but instead a rebalancing of policy and expenditures to support an outward-oriented development framework. Until the recent global financial crisis, domestic and regional trends were promising for Malawi: rapid economic growth, strong donor support, increases in foreign direct investment, real potential to upgrade regional infrastructure, and the gradual dismantling of barriers within the region through the Common Market for Eastern and Southern Africa (COMESA) and Southern Africa Development Community (SADC) free trade areas. Despite recent global developments, this report makes the case that, for a small landlocked economy like Malawi, integration into a dynamic and more open Southern Africa region will remain a key to building prosperity and improving livelihoods.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2010-01-31
Subjects:	ACCESS TO INTERNATIONAL MARKETS, AGGREGATE DEMAND, AGRICULTURAL COMMODITY EXCHANGE, AGRICULTURAL CREDIT, AGRICULTURAL OUTPUT, AGRICULTURAL SECTOR, AGRICULTURE, AUCTION, AUCTION PRICE, AVERAGE DAILY TRAFFIC, BINDING CONSTRAINT, BINDING CONSTRAINTS, BOND, BORROWING, BOTTLENECKS, CAPITAL ACCOUNT, CAPITAL ACCUMULATION, CIVIL WAR, COMMERCIAL FARMER, COMMODITIES, COMMODITY, COMMODITY PRICE, COMMODITY PRICES, COMMON MARKET, COMPETITIVE ADVANTAGE, COMPETITIVENESS, CONNECTIVITY, CONSUMERS, COST OF FINANCE, COST OF TRANSPORT, CREDIT HISTORY, CREDIT INSTITUTIONS, CURRENCY, CURRENT ACCOUNT, CURRENT ACCOUNT BALANCE, DEBT, DEVALUATION, DEVALUATIONS, DEVELOPMENT AGENCY, DEVELOPMENT ASSISTANCE, DEVELOPMENT BANK, DEVELOPMENT STRATEGY, DIVERSIFICATION, DOLLAR VALUE, DOMESTIC MARKET, DOMESTIC MARKETS, DOMESTIC PRICE, DOMESTIC PRICES, DOMESTIC TRANSPORT, DONOR SUPPORT, DRIVERS, ECONOMIC CRISIS, ECONOMIC GROWTH, ECONOMIC RESOURCES, ECONOMIC VOLATILITY, ELASTICITIES, ENDOWMENTS, EXCHANGE MARKETS, EXCHANGE RATE, EXCHANGE RATE REGIME, EXCHANGE RATES, EXPENDITURE, EXPORT BASE, EXPORT CROPS, EXPORT GROWTH, EXPORT MARKETS, EXPORT SECTOR, EXPORTS, EXTERNAL SHOCKS, FAMILIES, FARMER, FARMERS, FINANCIAL COSTS, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL REFORM, FINANCIAL RESOURCES, FINANCIAL SECTOR, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SECTOR DEVELOPMENTS, FINANCIAL SERVICES, FISCAL DEFICITS, FISCAL DISCIPLINE, FISCAL POLICY, FIXED CAPITAL, FLEETS, FOOD PRICE, FOOD PRICES, FOOD SHORTAGES, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FREE TRADE, FREIGHT, FUEL, FUTURE GROWTH, GDP, GDP PER CAPITA, GENDER, GLOBAL MARKETS, GOOD TRANSPORT, GOVERNMENT EXPENDITURES, GOVERNMENT INTERVENTION, GROSS DOMESTIC PRODUCT, GROSS FIXED CAPITAL FORMATION, GROWTH OPPORTUNITIES, GROWTH RATE, GROWTH RATES, HARMONIZATION, HIGHWAY, HOUSEHOLDS, HUMAN CAPITAL, INCOMES, INDUSTRIALIZATION, INFORMATION ABOUT CREDIT, INFORMATION SYSTEMS, INFRASTRUCTURE INVESTMENTS, INPUT PRICE, INSURANCE, INTEREST RATE, INTEREST RATES, INTERNATIONAL COMPETITION, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INTERNATIONAL TRANSPORT, INVESTMENT CLIMATE, LABOUR FORCE, LAND USE, LARGE-SCALE INVESTMENT, LIFE EXPECTANCY, LONG-TERM INVESTMENT, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICY, MANUFACTURING INDUSTRY, MARKET ACCESS, MARKET RISK, MEANS OF TRANSPORT, MONOPOLY, MONOPOLY RENTS, MULTIPLIER EFFECT, MULTIPLIER EFFECTS, OPEN ECONOMY, OPERATIONAL EFFICIENCY, OUTREACH, OVERVALUATION, PEAK DEMAND, PER CAPITA INCOME, POWER OUTAGES, POWER PARITY, PREFERENTIAL ACCESS, PRICE CONTROLS, PRICE ELASTICITY, PRICE ELASTICITY OF DEMAND, PRICE ELASTICITY OF SUPPLY, PRICE INCENTIVES, PRICE INSTABILITY, PRICE STABILITY, PRIVATE INVESTMENT, PRIVATE SAVINGS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PUBLIC FINANCE, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC POLICY, PURCHASING POWER, RAIL, RAILWAYS, RAPID ECONOMIC GROWTH, REDUCTION IN TRAVEL, REFUGEES, REGIONAL INTEGRATION, REGIONAL TRADE, REGIONAL TRANSIT, REGULATORY ENVIRONMENT, REGULATORY FRAMEWORK, REGULATORY REGIMES, REMITTANCE, REMITTANCES, REMOTE AREAS, RESERVE BANK, RISK MANAGEMENT, ROAD, ROAD CHARGES, ROAD CONDITIONS, ROAD INFRASTRUCTURE, ROAD NETWORK, ROAD QUALITY, ROADS, ROUTES, SKILLED WORKERS, SKILLS SHORTAGES, SMALLHOLDER, SMALLHOLDER AGRICULTURE, SMALLHOLDER INCOME, SMALLHOLDERS, SOCIAL DEVELOPMENT, SUPPLY CHAINS, TAX, TELECOMMUNICATIONS, TOTAL REVENUE, TRADE BALANCE, TRADE DEFICIT, TRADE FACILITATION, TRADE LIBERALIZATION, TRAFFIC, TRAFFIC VOLUME, TRANSIT, TRANSPORT, TRANSPORT COSTS, TRANSPORT INFRASTRUCTURE, TRANSPORT STRATEGY, TRANSPORTATION, TRANSPORTATION COSTS, TRANSPORTS, TRAVEL TIME, TRAVEL TIMES, TRUE, UNION, VALUE ADDED, VALUE OF OUTPUT, VEHICLES, WAGES, WORLD DEVELOPMENT INDICATORS, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101209230947 https://hdl.handle.net/10986/2954
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