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

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
Language:English
Published: World Bank 2010-12-31
Subjects:ABSOLUTE VALUE, ALLOCATIVE EFFICIENCY, APARTHEID, ARBITRAGE, AVERAGE TARIFF, AVERAGE TARIFFS, BANKING INDUSTRIES, BANKING INDUSTRY, BARRIER, BARRIERS TO ENTRY, BORDER TRADE, BUSINESS ENVIRONMENT, BUSINESS ENVIRONMENTS, BUSINESS EXPANSION, BUSINESS REGULATION, CAPITAL ACCOUNT, CAPITAL ACCOUNTS, CAPITAL CONTROLS, CAPITAL FLOWS, CAPITAL GOODS, CODE OF CONDUCT, CODES OF CONDUCT, COLLATERAL, COLLATERAL REQUIREMENTS, COMMERCIAL BANKS, COMMODITIES, COMMODITY, COMMODITY PRICE, COMMON MARKET, COMMUNICATIONS INFRASTRUCTURE, COMPARATIVE ADVANTAGE, COMPETITION POLICIES, COMPETITION POLICY, CONCEPTUAL FRAMEWORK, CONNECTIVITY, CONSUMER GOOD, CONSUMER GOODS, CONSUMER PRICE INFLATION, CONTRACT ENFORCEMENT, COST SAVINGS, CREDIT INFORMATION SYSTEMS, CROSS-BORDER TRANSACTION, CURRENCY, CUSTOMS ADMINISTRATION, CUSTOMS CLEARANCE, CUSTOMS PROCEDURES, CUSTOMS UNION, CUSTOMS UNIONS, DATA AVAILABILITY, DEMOCRACY, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DOLLAR VALUE, DOMESTIC INDUSTRIES, DOMESTIC INDUSTRY, DOMESTIC MARKETS, DOMESTIC PRODUCERS, DOMESTIC SUPPLIERS, ECONOMIC GROWTH, ECONOMIC INTEGRATION, EMERGING MARKET, EMERGING MARKET ECONOMIES, ENVIRONMENTS, EVIDENCE OF CONVERGENCE, EXCHANGE RATE, EXCHANGE RATE MOVEMENTS, EXCHANGE RATES, EXPORT BIAS, EXPORT DIVERSIFICATION, EXPORT GROWTH, EXPORT MARKET, EXPORT VOLUMES, EXPORTERS, EXPORTS, EXTERNAL FINANCE, EXTERNAL TARIFF, FACTOR MARKET INTEGRATION, FACTOR MARKETS, FINANCIAL DEVELOPMENT, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FINANCIAL MARKET, FINANCIAL PRODUCTS, FINANCIAL SERVICES, FINANCIAL TRANSACTIONS, FLOW OF CAPITAL, FOREIGN BANKS, FOREIGN COMPETITION, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, FREE TRADE, FREE TRADE AGREEMENT, FREE TRADE AREA, GLOBAL ECONOMY, GOVERNANCE INDICATORS, GOVERNMENT INVOLVEMENT, GOVERNMENT OWNERSHIP, GOVERNMENT OWNERSHIP OF BANKS, GROSS DOMESTIC PRODUCT, GROWTH RATES, HARMONIZATION, HIGH UNEMPLOYMENT, HUMAN CAPITAL, IMPORT TARIFFS, INCOME, INCOME GROUPS, INCOMES, INDIRECT BARRIERS, INDUSTRY TRADE, INSURANCE, INTEREST RATE, INTERMEDIATE GOODS, INTERMEDIATE INPUTS, INTERNATIONAL PRICES, INTERNATIONAL TRADE, INVESTMENT CLIMATE, JUDICIAL SYSTEMS, LABOR COSTS, LABOR MARKET, LABOR MARKET INTEGRATION, LABOR MARKETS, LABOR PRODUCTIVITY, LEGAL FRAMEWORK, LIBERALIZATION, LONG-TERM FINANCE, LOW-INCOME ECONOMY, MANUFACTURING PRODUCTIVITY, MARKET COMPETITION, MARKET ECONOMIES, MARKET INTEGRATION, MARKET SHARES, MICROFINANCE, MIDDLE-INCOME COUNTRIES, MIDDLE-INCOME ECONOMIES, NATURAL RESOURCES, NOMINAL INTEREST RATES, OIL, OPENNESS, OUTPUT, OUTSOURCING, POLICY ENVIRONMENT, POLITICAL STABILITY, POWER PARITY, PRICE DIFFERENCES, PRIVATE INVESTMENT, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PROCESS OF INTEGRATION, PRODUCERS, PRODUCTION PROCESSES, PRODUCTIVITY GROWTH, PUBLIC UTILITIES, PUBLIC-PRIVATE PARTNERSHIPS, PURCHASING POWER, PURE COMPETITION, RATES OF PROTECTION, REAL EXCHANGE RATE, REAL EXCHANGE RATE VOLATILITY, REAL EXCHANGE RATES, REGIONAL INTEGRATION, REGIONAL TRADE, REGIONAL TRADE INTEGRATION, REGULATOR, REGULATORY BARRIERS, REGULATORY FRAMEWORK, RESERVE BANK, RULES OF ORIGIN, SHARE OF WORLD EXPORTS, SHARE OF WORLD TRADE, SMALL BUSINESS, SMALL BUSINESSES, TARIFF BARRIERS, TARIFF LEVELS, TARIFF PROTECTION, TARIFF RATE, TARIFF RATES, TARIFF REDUCTION, TAX, TERMS OF TRADE, TRADE BARRIERS, TRADE COSTS, TRADE FACILITATION, TRADE FLOW DATA, TRADE FLOWS, TRADE INTEGRATION, TRADE LIBERALIZATION, TRADE POLICIES, TRADE POLICY, TRADE REFORM, TRADE VOLUMES, TRADING SYSTEM, TRANSACTION COSTS, TRANSPARENCY, TRANSPORT COSTS, TREASURY, UNILATERAL LIBERALIZATION, UNILATERAL REFORM, VOLATILITY, VOLUME OF TRADE, WAGE CHANGES, WAGE RATES, WAGES, WORKING CAPITAL, WORLD DEVELOPMENT INDICATOR, WORLD DEVELOPMENT INDICATORS, WORLD ECONOMY, WORLD TRADE, WORLD TRADE ORGANIZATION,
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_20110330001535
https://hdl.handle.net/10986/2975
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