Guinea-Bissau - Cashew and Beyond : Diversification Through Trade

Guinea-Bissau is highly dependent on international trade even when compared to other nations of its size and income level. However, it is equally clear that the country could derive far more benefit from its international trade opportunities than i...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English
Published:	World Bank 2012
Subjects:	ACCOUNTING AGGREGATE DEMAND AGRICULTURAL PRACTICES AGRICULTURE AMORTIZATION ARREARS ASSETS BALANCE OF PAYMENT BALANCE OF PAYMENTS BALANCE SHEETS BANK FINANCING BANK OFFICE BANKING SECTOR BROAD MONEY BUSINESS ENVIRONMENT BUSINESS LAW CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL FORMATION CENTRAL BANK CIVIL WAR COLLATERAL COMMERCIAL BANK COMMODITIES COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMERS COST STRUCTURE CREDIT GUARANTEE CREDIT MARKETS CROWDING OUT CURRENCY CURRENT ACCOUNT BALANCE DEBT DEBT OVERHANG DEBT RELIEF DEBT SERVICE DEBT-SERVICE DEPOSIT DEPOSITS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DIRECT ACCESS DISBURSEMENTS DOMESTIC BANK DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PROBLEMS ELECTRICITY GENERATION EMISSIONS ENDANGERED SPECIES ENVIRONMENTAL ENVIRONMENTAL COSTS ENVIRONMENTAL IMPACT ENVIRONMENTAL MANAGEMENT EQUIPMENT EXCHANGE RATE MOVEMENTS EXPENDITURE EXPENDITURES EXPLOITATION EXPORT PERFORMANCE EXPORT SHARE EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL TRADE FERTILITY RATE FINANCE COMPANY FINANCE CORPORATION FINANCIAL CONSTRAINTS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SYSTEMS FISH FISHERIES FISHERY MANAGEMENT FISHING FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT GDP GDP DEFLATOR GLOBAL BUSINESS GLOBAL ECONOMY GLOBAL MARKETS GNP GOOD GOVERNANCE GOVERNMENT FINANCES GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GUARANTEE FUND HUMAN DEVELOPMENT HUMAN RESOURCES IMMUNIZATION INCOME LEVEL INCOME TAX INCOMES INFLATION INSTITUTIONAL ENVIRONMENT INSTRUMENT INSURANCE INSURANCE COMPANY INTERNATIONAL BANK INTERNATIONAL BUSINESSES INTERNATIONAL DEBT INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE INTERNATIONAL TRANSACTIONS INVESTING INVESTMENT CLIMATE ITC JUSTICE SYSTEM LIFE EXPECTANCY LIVING CONDITIONS LONG-TERM DEBT MACRO-ECONOMIC POLICY MACROECONOMIC CONTEXT MACROECONOMIC STABILITY MACROECONOMIC VARIABLE MACROECONOMICS MARKET PRICES METALS MICRO FINANCE MICRO FINANCE INSTITUTION MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICRO-FINANCE SECTOR MICROFINANCE MICROFINANCE INSTITUTIONS MOBILE PHONE MONETARY FUND MONEY GROWTH NATIONAL INCOME NATURAL RESOURCE NATURAL RESOURCE BASE NATURAL RESOURCES OIL OIL PRICES OPEC OPEN ECONOMIES OPEN ECONOMY ORGANIZATIONAL STRUCTURE OUTPUT PARTIAL CREDIT PARTIAL CREDIT GUARANTEE PER CAPITA INCOME PHYSICAL ACCESS POLICY ENVIRONMENT POLICY MAKERS POLICY RESPONSES POLITICAL ECONOMY POPULATION GROWTH PRESENT VALUE PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATIZATION PRODUCERS PUBLIC FINANCE PUBLIC POLICY RAPID GROWTH REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REGIONAL INTEGRATION REGISTRATION REQUIREMENTS REGULATORY ENVIRONMENT REMITTANCES REPAYMENTS RESERVE RESERVES RURAL INFRASTRUCTURE SETTLEMENT SMALL COUNTRY STARTUP STOCKS SUSTAINABLE DEVELOPMENT TARIFF REVENUES TAX TAX COLLECTION TAX REVENUE TECHNICAL ASSISTANCE TELECOMMUNICATIONS TERMS OF TRADE TOTAL DEBT TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADE POLICY TRADE RELATIONS TRADES TRADING TRANSPARENCY TRANSPARENCY INITIATIVE TREASURY TREASURY BILLS TURNOVER TURNOVERS VALUE ADDED VOLATILITY WILLINGNESS TO PAY WORLD DEVELOPMENT INDICATORS WORLD MARKET 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=000334955_20100705002753 http://hdl.handle.net/10986/2869

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Summary:	Guinea-Bissau is highly dependent on international trade even when compared to other nations of its size and income level. However, it is equally clear that the country could derive far more benefit from its international trade opportunities than it does at the present time. This study examines how to do this, looking not only at trade policy, the investment climate, and infrastructure, but also five key sectors where specific opportunities exist. There are three recommendations which stand out as having a particularly important and pervasive effect on trade and its potential role in raising incomes and reducing poverty. Indeed, they can be regarded as preconditions for significant progress. It is of primary importance that the job of formulating and implementing economic policy be put on a more stable and long term basis The extreme instability in Guinea-Bissau's government has meant that cabinet ministers and lower officials change on an annual or even more frequent basis. This situation makes long term planning and sustained implementation virtually impossible and the formulation of coherent policy equally difficult. To these, one might add the illegal drug trade which can undermine the best economic policies through an escalation of crime, corruption and addiction, as already observed in some other countries. However, this important issue has not been addressed in this report.

Guinea-Bissau - Cashew and Beyond : Diversification Through Trade

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