The Business Environment in Southern Africa : Issues in Trade and Market Integration - Summary

This report assesses some of the key barriers to greater trade and factor market integration in the Southern Africa Development Community (SADC). The SADC has been a free trade area since 2008, and has an ambitious agenda for further trade integration. This report assesses the roles that cross-country differences in business environments have had in impeding cross-border trade flows and the cross-border integration of credit markets and the labor market based on the analysis of microeconomic data on firms and households. The aim of the assessment is to help inform the policy and business environment harmonization agenda of the community. The full report discusses and illustrates the use of price data in monitoring intraregional trade integration. The report evaluates the extent of integration of labor markets among members the statistical agencies of which regularly collect the minimum data required for this purpose, which are South Africa, Mauritius, Tanzania, and Zambia. The results show that, although there is considerable integration of South Africa's labor market with many others in the region, the degree of integration is rather low. This reflects the fact that both trade and capital flows are far more restricted in the region than in places where there is greater cross-border labor market integration.

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Bibliographic Details
Main Author: World Bank
Format: Other Financial Sector Study biblioteca
Language:English
Published: World Bank 2010-12-31
Subjects:ACCESSIBILITY, ALLOCATIVE EFFICIENCY, APARTHEID, ARBITRAGE, AVERAGE TARIFF, BANKING INDUSTRIES, BANKING INDUSTRY, BARRIER, BARRIERS TO ENTRY, BARRIERS TO INVESTMENT, BORDER TRADE, BUSINESS ENVIRONMENT, BUSINESS ENVIRONMENTS, BUSINESS REGULATION, CAPITAL ACCOUNT, CAPITAL ACCOUNTS, CAPITAL CONTROLS, CAPITAL FLOWS, CAPITAL GOODS, CAPITAL INTENSITY, CAPITAL STOCK, CODE OF CONDUCT, CODES OF CONDUCT, COLLATERAL, COMMODITIES, COMMODITY, COMMON MARKET, COMPETITION LAWS, COMPETITION POLICIES, COMPETITION POLICY, CONCEPTUAL FRAMEWORK, CONNECTIVITY, CONSUMER GOODS, CONSUMER PRICE INFLATION, CONTRACT ENFORCEMENT, COST SAVINGS, CREDIT INFORMATION SYSTEMS, CROSS-BORDER CAPITAL, CROSS-BORDER TRANSACTION, CUSTOMS ADMINISTRATION, CUSTOMS CLEARANCE, CUSTOMS PROCEDURES, CUSTOMS UNION, DEMOCRACY, DEVELOPING COUNTRY, DEVELOPMENT POLICIES, DOMESTIC INDUSTRIES, DOMESTIC INDUSTRY, DOMESTIC MARKETS, DOMESTIC PRODUCERS, DOMESTIC PRODUCTION, DRIVERS, ECONOMIC CONVERGENCE, ECONOMIC GROWTH, ECONOMIES OF SCALE, EMERGING MARKET, EMERGING MARKET ECONOMIES, ENVIRONMENTS, EVIDENCE OF CONVERGENCE, EXCHANGE RATES, EXPORT BIAS, EXPORT DIVERSIFICATION, EXPORT GROWTH, EXPORT VALUE, EXPORT VOLUMES, EXPORTERS, EXPORTS, EXTERNAL FINANCE, EXTERNAL TARIFF, FACTOR MARKET INTEGRATION, FACTORS OF PRODUCTION, FINANCIAL DEVELOPMENT, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FINANCIAL MARKET, FINANCIAL PRODUCTS, FINANCIAL SERVICES, FINANCIAL TRANSACTIONS, FIXED ASSETS, FLOW OF CAPITAL, FOREIGN COMPANIES, FOREIGN COMPETITION, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, FREE TRADE, FREE TRADE AGREEMENT, FREE TRADE AREA, GDP, GDP PER CAPITA, GLOBAL ECONOMY, GLOBAL TRADE, GLOBALIZATION, GOVERNANCE INDICATORS, GOVERNMENT INVOLVEMENT, GOVERNMENT OWNERSHIP, GROSS DOMESTIC PRODUCT, GROWTH IN TRADE, GROWTH RATE, GROWTH RATES, HARMONIZATION, HARMONIZATION OF COMPETITION POLICIES, HIGH UNEMPLOYMENT, HUMAN CAPITAL, IMPORT PROTECTION, IMPORT TARIFFS, INCOME, INCOME GROUP, INCOME GROUPS, INCOMES, INDUSTRY TRADE, INEFFICIENCY, INSURANCE, INTERMEDIATE GOODS, INVESTMENT CLIMATE, INVESTMENT OPPORTUNITIES, JUDICIAL SYSTEMS, JURISDICTION, LABOR FORCE, LABOR MARKET, LABOR MARKET INTEGRATION, LABOR MARKETS, LABOR PRODUCTIVITY, LEGAL FRAMEWORK, LIBERALIZATION, LIBERALIZATION OF TRADE, LONG-TERM FINANCE, LOW-INCOME ECONOMIES, MANUFACTURING INDUSTRY, MANUFACTURING PRODUCTIVITY, MARGINAL PRODUCTIVITY, MARGINAL REVENUE, MARKET COMPETITION, MARKET DISTORTIONS, MARKET ECONOMIES, MARKET INTEGRATION, MARKET POWER, MARKET SHARE, MARKET SHARES, MERGERS, MICROFINANCE, MIDDLE INCOME COUNTRIES, MIDDLE-INCOME COUNTRIES, MOBILITY, NATURAL RESOURCES, NOMINAL INTEREST RATES, OPENNESS, OUTPUT, PER CAPITA INCOME, POLITICAL STABILITY, PORT SERVICES, POWER OUTAGES, POWER PARITY, PRICE DIFFERENCES, PRICE SPREADS, PRIVATE INVESTMENT, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PRODUCERS, PRODUCTION INPUTS, PRODUCTIVITY GROWTH, PROTECTION RATES, PUBLIC UTILITIES, PUBLIC-PRIVATE PARTNERSHIPS, PURCHASING POWER, RAILWAY, RATE OF GROWTH, RATE OF RETURN, RATE OF RETURN TO CAPITAL, RATES OF PROTECTION, REAL EXCHANGE RATES, REGIONAL INTEGRATION, REGIONAL TRADE, REGIONAL TRADE INTEGRATION, REGULATOR, REGULATORY BARRIERS, REGULATORY FRAMEWORK, RISK PREMIUM, RULES OF ORIGIN, SKILLED WORKERS, SMALL BUSINESS, SMALL BUSINESSES, SMALL COUNTRIES, STARTUP, TARIFF BARRIERS, TARIFF RATES, TARIFF REDUCTION, TAX, TOTAL FACTOR PRODUCTIVITY, TRADE BARRIERS, TRADE COSTS, TRADE FLOWS, TRADE INTEGRATION, TRADE LIBERALIZATION, TRADE POLICIES, TRADE POLICY, TRADE REGIME, TRADE VOLUMES, TRANSACTION COSTS, TRANSFER OF TECHNOLOGY, TRANSPARENCY, TRANSPORT, TRANSPORT COSTS, TREASURY, VOLATILITY, WAGE CHANGES, WAGE RATES, WAGES, WORLD DEVELOPMENT INDICATOR, WORLD DEVELOPMENT INDICATORS, WORLD ECONOMY, 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=000356161_20110330001256
http://hdl.handle.net/10986/2974
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