Aid for Trade : An Action Agenda Looking Forward

The current post-crisis environment and fragile economic recovery increases the importance of aid for trade. Global rebalancing and tightened fiscal budgets in the short to medium term also place renewed emphasis on aid effectiveness. This note ide...

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Bibliographic Details
Main Authors: Hoekman, Bernard, Wilson, John S.
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
GDP
WTO
Online Access:http://documents.worldbank.org/curated/en/2010/08/12619315/aid-trade-action-agenda-looking-forward
http://hdl.handle.net/10986/10162
Description
Summary:The current post-crisis environment and fragile economic recovery increases the importance of aid for trade. Global rebalancing and tightened fiscal budgets in the short to medium term also place renewed emphasis on aid effectiveness. This note identifies four options to enhance the effectiveness of the multilateral aid for trade initiative: (i) expanding market access for least-developed countries (LDCs) through leadership by middle-income G-20 members; (ii) creating a mechanism to identify good practices in domestic regulation of service markets and other 'behind-the-border' trade-related policies; (iii) leveraging the dynamism and knowledge of the private sector to improve trade facilitation and build capacity; and (iv) but a renewed 'activism' by government in the trade and growth agenda need not mean.