Market Access for Developing Countries Exports
Integration into the world economy has proven a powerful instrument for countries to promote economic growth, development, and poverty reduction. Trade has been an engine of growth for the past fifty years, owing in part to eight successive rounds...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/04/20162384/market-access-developing-countries-exports http://hdl.handle.net/10986/20235 |
| Summary: | Integration into the world economy
has proven a powerful instrument for countries to promote
economic growth, development, and poverty reduction. Trade
has been an engine of growth for the past fifty years, owing
in part to eight successive rounds of multilateral trade
liberalization, as well as unilateral and regional trade
liberalization. The growing integration of the world economy
has raised living standards and brought increased
opportunity to many parts of the globe. Many developing
countries have shared in this prosperity. As a group,
developing countries have become much more important in
world trade, and their trade relationships have changed
markedly from the traditional north-south pattern.
Developing countries now account for one-third of world
trade, up from about a quarter in the early 1970s, and many
have substantially increased their exports of manufactures
and services relative to traditional commodity exports. The
share of manufactures in developing country exports has
risen to 80 percent; moreover, trade between developing
countries has grown rapidly, with 40 percent of their
exports now going to other developing countries. |
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